A coalition of leading prediction market operators has sued Kentucky officials over the state’s plan to begin taxing event contracts.
The Coalition for Fair Markets filed a lawsuit in Franklin Circuit Court to prevent Kentucky from imposing a 14.25% tax on prediction market transaction fees. This legal action comes as a response to the state's unprecedented tax proposal.
Global prediction market platform ADI Predictstreet and sportsbook technology provider FIRST.bet have partnered to expand regulated prediction markets across Latin America.
The Inter-Tribal Council of the Five Civilized Tribes (ITC) has adopted a resolution calling on Congress and federal regulators to protect tribal sovereignty from prediction markets such as Kalshi and Polymarket.
The New York Lottery unveiled yet another scratch-off winner, this time from Cheektowaga.
The Commodity Futures Trading Commission (CFTC) is investigating after Kalshi personnel admitted that President Donald Trump’s teleprompter operator won around $100,000 trading on Kalshi on what Trump’s speeches would include.
