Casinos, sportsbooks, and prediction markets have given at least .2 million to Florida’s 2026 election cycle, with the Seminole Tribe accounting for most of it.
DraftKings, FanDuel, and PENN Entertainment revealed sharply different strategies for prediction markets on Q2 earnings calls, but all point to a costly spending war before NFL kickoff.
Circa Sports founder Derek Stevens says Kalshi and Polymarket are “pirates” dodging taxes and fees that regulated sportsbooks must pay, while also confirming Circa’s Arizona expansion.
A U.S. district court judge ruled Utah can enforce its gambling laws against Kalshi, making it the eighth state with legal authority to ban or restrict the prediction markets platform.
The CFTC invoked emergency authority to keep Kalshi operating in New York, escalating a jurisdictional battle with the state over whether prediction markets are federally regulated derivatives or illegal gambling.
New Kalshi users who sign up with promo code INSIDER1 receive a $10 bonus in trading credits after completing the qualifying trade requirement — a straightforward way to get started on the only CFTC-regulated prediction market with a full MLB…
Nine Democratic senators are pressing the CFTC to rein in prediction market contracts on wildfires, warning the bets could incentivize arson as Kalshi and Polymarket take opposite approaches.
A federal judge ruled Kalshi’s sports event contracts don’t qualify as swaps under the CEA, clearing the way for Connecticut to enforce its gambling laws against the prediction market operator.
Sportsbooks and prediction markets are ramping up promotions and ad spending as DraftKings, FanDuel, and Kalshi battle for NFL bettors this season.
Genius Sports signed official data, integrity, and marketing agreements with both Kalshi and Polymarket, positioning itself as the infrastructure layer beneath the two largest U.S. prediction markets.
The Senate delayed a procedural vote on the Digital Asset Market Clarity Act until September, and prediction markets like Polymarket and Kalshi have already repriced the odds of passage this year.
The CFTC has warned prediction market platforms to stop displaying contracts using plus-minus moneyline odds, citing deceptive marketing concerns as Kalshi and Polymarket face mounting legal challenges over their sports offerings.
