State elections officials consider action against prediction markets
State-level gaming regulators, legislators, and attorneys general in the U.S. are clarifying their stance on the legality of prediction markets like Kalshi and Polymarket.
Daily betting and casino industry insights, straight to your inbox.
Subscribe
State-level gaming regulators, legislators, and attorneys general in the U.S. are clarifying their stance on the legality of prediction markets like Kalshi and Polymarket.
Panama vs. England and Colombia vs. Portugal headline Saturday’s World Cup schedule on June 27, 2026.
A group of 17 Democratic Party Senators, including Richard Blumenthal, seeks to prevent the CFTC from using federal funds in prediction market legal disputes.
The Commodity Futures Trading Commission (CFTC) sued Kentucky, Kalshi sued Illinois for similar reasons, and DraftKings finally launched its own prediction markets exchange, and so much more happened this week.
Prediction market platform Kalshi is considering going public, although a listing is not expected to happen in the near term.
Kalshi is offering a $15 bonus for the Norway vs. France World Cup match. New users can get the bonus by completing $10 in cumulative trades.
Register with the Kalshi referral code HANDLE and complete $10 in cumulative trades to receive a $15 bonus. The welcome offer can be used on any eligible market, including Turkey vs. USA at 10 p.m. ET on FOX on Thursday, June 25, 2026.
The US markets regulator, the Commodity Futures Trading Commission (CFTC), has served a ninth state with legal papers as it looks to stop Kentucky’s efforts to regulate prediction markets.
Kalshi is suing Illinois to block the state’s plan to require prediction markets operators to get licenses and pay taxes, set to start next week.
Kalshi co-founder and CEO Tarek Mansour confirmed the prediction market giant is considering a potential IPO.
Meta is reportedly working on a prediction market app internally known as Arena, commissioned by CEO Mark Zuckerberg, to rival Kalshi and Polymarket.
Meta Platforms is reportedly exploring a new prediction market application as chief executive officer Mark Zuckerberg is pushing a small internal team to develop a product that would compete with well-established players like Kalshi and Polymarket.