Latest iGaming and regulatory news tagged Polymarket.
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The Commodity Futures Trading Commission (CFTC) has initiated legal action against the state of Kentucky, while prediction market operator Kalshi has separately filed a lawsuit against Illinois. These legal challenges come in response to recent state-level measures that…
Minnesota state authorities have escalated their legal confrontation with the prediction market industry, filing a new court document that accuses President Donald Trump of attempting to regulate prediction markets for personal benefit. The filing is part of ongoing…
Prediction market platforms Kalshi and Polymarket made headlines this week, with Kalshi expanding into Canada and a Polymarket trader suffering a multimillion-dollar loss on a World Cup bet. The developments highlight the growing global footprint of prediction markets…
Polymarket, a decentralized prediction market platform, has emerged as a major hub for World Cup betting activity, with one user collecting $7.5 million in winnings from a single $6 bet on a draw between Czechia and South Africa.…
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…
A federal judge in Michigan has ruled against Polymarket, allowing state regulators to proceed with enforcement actions against the prediction market platform under state gambling laws. The decision, issued by U.S. District Judge Paul L. Maloney, denies Polymarket's…
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…
