Nevada sues Kalshi for operating a sports gambling market without a license

Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypass [...]

New Jersey has no right to ban Kalshi's prediction market, US appeals court rules

Kalshi can't be stopped in New Jersey. A 3rd US Circuit Court of Appeals panel ruled on Monday that New Jersey has no authority to regulate Kalshi's prediction market allowing people to bet [...]

Arizona attorney general sues Kalshi on illegal gambling charges

Kalshi has been sued by Arizona's attorney general for operating an illegal gambling business in the state and unlawfully ‌allowing people to place bets on elections. "Kalshi may brand its [...]

Kalshi fined a MrBeast editor for insider trading

Kalshi, one of several online prediction markets that have exploded in popularity in the last few years, has suspended one of YouTube MrBeast's video editors for insider trading, NPR reports. Bes [...]

CFTC sues three states for trying to regulate prediction markets

The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]

Kalshi suspended three political candidates from its platform for insider trading

Prediction market Kalshi has taken action against three political candidates, alleging that each was engaged with insider trading of information about their campaigns. The company implemented new rule [...]

YouTube will tighten its policies on illegal gambling content

Since the 2018 Supreme Court decision letting US states legalize gambling, related content has been hard to miss, whether it's odds tickers flashed during sports broadcasts, superstar athletes an [...]

New York Attorney General sues two prediction markets on illegal gambling allegations

New York is the latest state to take a stand against prediction markets. Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan on charges that both are illegally running [...]

UK agency questions Meta's policies for illegal gambling site ads

The UK Gambling Commission has raised concerns that Meta is ignoring advertisements by illegal gambling websites on its platforms. At a conference in Barcelona, the commission's Executive Directo [...]