Kalshi Faces Uncertainty Following Sixth Circuit Court Oral Arguments
A panel of judges in the U.S. Court of Appeals for the Sixth Circuit heard oral arguments from representatives of Kalshi and the states of Ohio and Tennessee.
Sports Prediction Markets
9 Posts
DraftKings Faces Lawsuit Over Predictions Integration
DraftKings is being sued for allegedly offering illegal gambling through its new 'super' app, which features sports prediction markets.
ProphetX Partners with Players’ Lounge for Sports Prediction Markets
As it continues to rapidly ramp up its sports-focused prediction markets approach, ProphetX has partnered with skill-based gaming platform Players’ Lounge to launch event contracts within the latter’s ecosystem.
Tribal Leaders Push for Limits on Sports Prediction Markets
Tribal gaming leaders are urging U.S. senators to amend the CLARITY Act to restrict sports and casino-style prediction markets and clarify that the legislation would not override existing gaming laws.
NCLGS: State Lawmakers' Strategies Against Sports Prediction Markets
Prediction markets were naturally going to be a prominent focus at this year’s National Council of Legislators from Gaming States (NCLGS) Summer Meeting.
States Unite Against Kalshi as CFTC Approves Sports Prediction Markets
In Kalshi’s court battle against Ohio, 39 states plus the District of Columbia have filed an amicus brief in support of the state.
Illinois Budget Includes Tax on Sports Prediction Markets
The finalized version of the Illinois budget for the fiscal year 2027 includes an attempt to tax sports prediction markets on a per-trade basis.
Illinois Approves Sports Prediction Market Tax in New Budget
Illinois lawmakers have included taxes on sports prediction markets as part of the state’s latest budget.
AGA Warns U.S. Senators About Prediction Markets
The American Gaming Association (AGA) raised concerns over the rapid growth of sports prediction markets, labeling them as unregulated sports betting platforms.