Polymarket sues New Mexico over Kalshi lawsuit
New Mexico is one of more than a dozen states which continue to lock horns with prediction market platforms in court battles, and Polymarket struck the latest blow this week.
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New Mexico is one of more than a dozen states which continue to lock horns with prediction market platforms in court battles, and Polymarket struck the latest blow this week.
A group of prediction market operators, including Kalshi, Crypto.com, Robinhood, and Coinbase, says states are working with casino lobby groups to stop them from offering event contracts.
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Kalshi’s legal battle with the Michigan Attorney General will end up in the Supreme Court, says a corporate lawyer, after a judge hit the prediction market player with a temporary restraining order.
Kalshi vs. Ohio has been one of the busier prediction market court battles, and the company stepped up the conflict with a fresh lawsuit on Monday.
As the 2026 World Cup heats up and heads into the high-stakes knockout stage, the prediction market landscape is getting a major shakeup.
ADI Predictstreet, the official prediction market partner of the FIFA World Cup 2026, has announced a strategic branding and product partnership with Kalshi to expand prediction markets globally during the tournament and beyond.
Days after losing a bid to move into federal court, Kalshi suffered another defeat Monday when a Michigan judge temporarily barred the company from offering sports event contracts.
Lawsuits over Kalshi have prompted a New Mexico lawmaker to call for negotiations on the state's tribal gaming compact, with a proposal to legalize statewide online sports betting and collect taxes from the activity.
Prediction market operator Kalshi has filed a lawsuit against the state of Illinois, seeking to block new taxes and licensing requirements that would classify the company as a sports betting operator beginning July 1.
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