Prediction markets are drawing increased attention as new players enter the space and Kalshi, a regulated exchange for event contracts, reportedly eyes an initial public offering. The developments were highlighted in Gambling Insider's weekly roundup, which also noted…
US Congressman Bryan Stiel of Wisconsin has introduced a draft bill that would prohibit members of Congress from trading in politics-related contracts on prediction market platforms. The proposed legislation, titled the Stop Lawmakers From Predicting Act, targets platforms…
Kalshi, a regulated prediction market platform, has blocked Alex Ursa, the Chief Operating Officer of Betr, from accessing its platform after he created a slot-machine-style interface using Kalshi's API. The incident highlights the growing tension between traditional prediction…
Kentucky Attorney General Russell Coleman has filed three separate lawsuits against Kalshi, Polymarket, and VGW, alleging that the companies are operating illegal gambling platforms in the Commonwealth without the required state licenses. The lawsuits, filed Wednesday, target Kalshi…
Osasuna says it bought a €1.2m relegation insurance policy—not a Kalshi bet. We trace the reported risk transfer, the club’s evidence and Spain’s action against prediction markets.