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New York Attorney General Letitia James has sued Polymarket, alleging that the prediction market operated without a state gambling license and allowed people under 21 to use its platform. According to a petition filed by New York Attorney General Letitia…
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A prediction market that went from zero revenue to a billion dollar run rate in six months is signing deals with major sports leagues while state attorneys general line up to call it illegal gambling. The sports league playbook The…
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The CFTC used emergency authority to override New York. Nine states have been sued. FlightAware added a data rights claim. The legal architecture of prediction markets is being built in courtrooms, not in Congress. The Commodity Futures Trading Commission does…
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U.S. prosecutors charged Few and Far founder Taj Tarsha with securities and wire fraud over an alleged $10 million NFT fundraising scheme.
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New York filed the most aggressive state action against the prediction market industry two days after the Second Circuit denied Kalshi emergency relief on July 29. The suit arrived with a coordinated announcement from the AG and the Governor, counts…
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Chinese courts have sentenced five Sifang payment platform operators to between three and six years in prison over a gambling network that processed more than 2.95 billion yuan, or about $428 million, through USDT, bank cards and third-party payment accounts.…
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Washington judge blocks Kalshi sports event contracts, ruling state gambling laws apply despite the platform’s federal CFTC registration.
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Robinhood CEO Vlad Tenev says trading is not simply gambling as the broker helps run Trump Accounts and expands into more financial markets.
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France orders ISPs to block Polymarket, citing illegal gambling, weak user checks and concerns about possible manipulation of event markets.
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Argentina’s bill would block crypto payments to illegal gambling sites and add prison terms of up to 6 years.
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Spain has blocked both prediction markets Polymarket and Kalshi for operating without gambling licences. Spain’s gambling regulator, the Directorate General for Gambling Regulation, ordered internet service providers to block access to Polymarket and Kalshi after the Ministry of Consumer Affairs…
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Prediction markets closed out Consensus Miami 2026 as the subject of a live debate on whether they are regulated financial derivatives or gambling products operating outside state law. Prediction markets closed out Consensus Miami 2026 on Thursday as the subject…
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Kalshi is temporarily banned in Nevada after a judge sided with regulators, ruling that its event contracts violate state gambling laws.
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Kalshi’s CEO has defended the company’s handling of its market on whether Iran’s Supreme Leader, Ali Khamenei, would be “out” of power, after backlash from users who accused the platform of unfair settlement practices. In a detailed post on X,…
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The Nevada Gaming Control Board has filed a civil enforcement action against KalshiEX LLC, accusing the federally regulated prediction market of offering unlicensed wagering in the state. Nevada moves to block Kalshi’s event trading In a complaint filed in Carson…
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Kalshi is moving deeper into the sports insurance market after announcing a partnership with sports insurance broker Game Point Capital, according to comments from CEO Tarek Mansour. The collaboration targets the fast-growing sports insurance and reinsurance industry, currently valued at…
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