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30 Sep Bloomberg video examines prediction markets’ challenge to sportsbooks Romaine Bostick’s two-minute segment brought betting and trading executives into a widening debate over sports contracts and federal oversight.
29 Sep Wyoming governor primary draws nearly $420,000 in Polymarket trading The figure reflects contracts on one Republican primary, not campaign money, as trackers follow state election and sports markets.
29 Sep Kalshi nears $1 billion raise at $40 billion valuation Tiger Global and Dragoneer are among investors in late-stage talks, while the terms of the financing remain unsettled.
29 Sep Polymarket US gains ground as weekly prediction trading reaches $19.46 billion Combination contracts supplied 96% of Polymarket US’s weekly growth, while Kalshi set new daily and weekly volume records.
28 Sep Polymarket gives Democrats 92% chance of taking House The House price was far more decisive than the Senate market, while separate contracts made an 8% to 10% Democratic popular-vote margin the most likely among the cited brackets.
28 Sep Issuer-specific prediction markets test SEC-CFTC boundary Contracts on earnings, production and stock performance raise the question of when an event market becomes a security-based swap.
27 Sep New Mexico lawmakers warned prediction markets could divert tribal gaming revenue Committee witnesses raised concerns over casino revenue, online access for younger users and a still-conceptual tax on prediction-market earnings.
25 Sep Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi Unanimous panel finds Kalshi’s sports contracts were not shown to be swaps under the federal commodities statute
25 Sep New York sues Polymarket, which counters with federal challenge The state says sports event contracts amount to unlicensed gambling, while Polymarket says its products are federally regulated derivatives.
24 Sep Kalshi’s Montana lawsuit is dismissed, but enforcement remains possible A joint stipulation ends the federal case while requiring notice before Montana can pursue potential action against the prediction-market operator.
23 Sep California tribal gaming group assails Tunica-Biloxi’s SaltTrade launch CNIGA says the Kalshi-backed prediction-market venture cannot alter the legal status of sports-event contracts.
22 Sep Kalshi seeks more time to answer New Jersey at Supreme Court A requested 30-day extension would shift the prediction-market operator’s response deadline to Nov. 9 in a dispute over state gambling laws.