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.
Polymarket volume is stacked on MLB today — here is how the pitching matchups and injury reports line up with the market pricing across four games.
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.
Tribal gaming leaders and Sen. Tina Smith want the Digital Asset Market Clarity Act amended to stop prediction markets from bypassing state and tribal sports betting regulation.
Polymarket pricing has Arsenal at 36.5% and Manchester City at 28.5% for the Premier League title, while the champion Knicks sit at just 8.5% to repeat as NBA champs. Here’s what the numbers reveal.
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.
Polymarket pricing shows heavy favorites for the Dodgers and Phillies on Tuesday, but the Athletics-Reds market tells a closer story despite Oakland’s historical H2H edge.
The Mets have become MLB’s first team to partner with a prediction market company, signing a multi-year deal with sports trading platform Novig.
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.
