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Ohio prepares lawsuits against prediction markets that ignore sports-contract orders
Governor Mike DeWine says cease-and-desist notices will be followed by court action as one operator complies and two litigate.
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Novig sues Missouri to block enforcement over sports event contracts
The CFTC-regulated exchange says federal commodities law pre-empts Missouri’s effort to treat its peer-to-peer contracts as unlicensed sports betting.
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PrizePicks suspends Team Picks in Missouri
The sports event-contract product remains live in 34 states, while Missouri users retain access to Culture Picks and outstanding contracts.
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ProphetX, Gemini and Webull leave Connecticut after prediction-market orders
Six other platforms remain in contact with regulators as the state presses its case that sports-event contracts are unlicensed wagering.
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Ohio orders 10 prediction markets to halt sports contracts
Cease-and-desist letters cite the Sixth Circuit's ruling that federal commodities law does not displace Ohio's sports-gaming rules
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Kalshi opens talks with Missouri after sports-contract cease-and-desist order
The company is the first of six targeted prediction markets to respond, as a state-versus-federal regulatory fight continues.
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Novig says Sweeney campaign coincided with surge in trading and deposits
The sports prediction-market platform reported nearly doubled trading volume and more than tripled first-time depositors in 20-day periods around the Sept. 9 launch.
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Novig seeks funding at up to $2 billion valuation
Sports prediction-market platform is discussing a round that would quadruple its February valuation, though the deal has not yet closed.
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Novig’s Sydney Sweeney campaign triggers criticism over portrayal of women’s sport
The sports prediction-market company’s first national advert generated tens of millions of views, but drew a forceful response from athletes.
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Missouri orders six prediction markets to halt sports event contracts
Attorney General Catherine Hanaway says the platforms are operating unlicensed sports wagering and must secure state licences or stop serving Missourians.
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Connecticut orders nine prediction platforms to halt sports contracts
State officials say the firms were offering unlicensed sports event contracts and must stop advertising, promoting and making them available to residents.
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Novig and Underdog take share in prediction-market combos
Eilers & Krejcik data show multi-leg trades reached half of August volume, with DraftKings arriving late and still generating a burst of activity.