Prediction Market Operators Gain Upper Hand Over Sportsbooks
Prediction market operators appear to hold all the high cards in their battle with sportsbook operators.
Prediction Markets
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CFTC instructs Kalshi to defy Michigan court order on sports offerings
The Commodity Futures Trading Commission (CFTC) has instructed Kalshi to continue offering sports event contracts in Michigan despite a court order to block the state.
Kalshi Challenges Report of $583M Losses by Retail Users
A recent report that average participants on Kalshi had lost more than half a billion dollars since the platform’s launch has sparked a debate around the real value of prediction markets.
California tribes target 2028 for online sports betting amid
Amid the unprecedented competition of sports prediction markets, California’s tribes intend to push ahead with an effort to legalize online California sports betting.
CFTC's Prediction Market Battle with States Unlikely to Reach
A compromise between the warring parties is unlikely in the increasingly bitter regulator-versus-states battle for control of prediction markets, say experts.
Ex-Chief of Staff: Trump Not Focused on Prediction Market Regulations
During an opening panel at the annual National Council of Legislators from Gaming States (NCLGS) summer meeting, Mick Mulvaney, the former Chief of Staff of President Donald Trump, explained that while his son, Trump Jr., is a crucial player in the prediction markets scene, Trump Sr. isn’t prioritiz
NCPG Seeks Prediction Markets Strategist
The first week of July provided the U.S. commercial gaming industry with workforce changes impacting key stakeholders across the country.
Prediction Markets Weekly: Operator Coalition Recruits Ex-CFTC Nominee
It was another busy week in the prediction market space for several key stakeholders. This week, a District Court judge denied Kalshi’s motion for a preliminary injunction in New York to allow the prediction market to keep its sports event contracts online.
Arizona Gov. Hobbs bans insider trading on prediction markets
Arizona’s Katie Hobbs is the latest state governor to issue an executive order to ban government employees from insider trading on prediction markets.
Dutch Tax Hike Misses Target, World Cup Prediction Markets
Robin Harrison and Ed Birkin return after iGB L!VE to share some interesting numbers on the World Cup and Europe, starting with a Dutch gambling tax hike that has missed its target by some distance.
US Banks Warn Employees Against Finance & Politics Prediction Market
Major US banks have warned employees of potential termination for engaging in finance- and politics-related prediction market trades.
Wall Street Tightens Rules for Prediction Markets
Big banks and brokerages are cracking down on prediction markets as fears grow that they could be misused to trade on confidential information.