Flutter CEO Peter Jackson is stepping down as FanDuel Predicts trails Kalshi and DraftKings in the prediction markets race, with Dan Taylor set to take over October 1.
A House Agriculture Subcommittee hearing put tribal and commercial gaming groups against prediction market platforms like Kalshi and Polymarket over billions in lost gaming tax revenue and consumer protection gaps.
A new bettor-led advocacy group, the Sports Traders Union, is demanding a higher age minimum, loss-data transparency, and a code of conduct for prediction market exchanges like Kalshi.
Kalshi CEO Tarek Mansour compares the company’s mounting legal battles with states to the early disruption fights faced by Uber and Airbnb.
Polymarket is in talks for a fresh funding round that could value the prediction markets platform above $20 billion, just four months after a $15 billion raise.
Sen. John Marty says the National Council on Problem Gambling’s $2M Kalshi partnership undermines its mission, as the prediction market fights states over its sports contracts.
A federal judge sided with Utah over Kalshi, ruling the state can enforce its anti-gambling laws against the prediction market’s sports event contracts despite its federal preemption claim.
New York AG Letitia James has sued Kalshi for up to $36 billion, alleging the prediction market platform runs illegal, unlicensed gambling in the state.
George Santos will pay $35,000 to settle a CFTC probe into manipulative Kalshi trades on his own State of the Union attendance, plus a three-year trading ban.
Sportradar posted a surprise net loss in Q2 as currency headwinds and a cooling U.S. betting market offset strong revenue growth, prompting a trimmed full-year outlook.
Atlantic City’s nine casinos have asked the CFTC to stop Kalshi, Polymarket and other prediction markets from offering sports contracts that skirt state gambling law.
Sixth Circuit judges pushed back on Kalshi’s preemption argument in oral arguments over sports event contracts, teeing up a ruling that could reshape state authority over prediction markets nationwide.
