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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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CFTC moves to codify prediction-market rules as debate over manipulation intensifies
At its first innovation meeting, the agency sketched a three-part rulemaking agenda while industry figures argued over self-certification, consumer safeguards and whether some contracts are too easy to game.
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Baltimore sues Kalshi and Polymarket over sports bets
The city says the prediction markets disguised wagering on games, spreads and player stats as lawful event contracts.
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NYC Council zeroes in on prediction market ads aimed at young users
Letters to Polymarket, Kalshi, Coinbase and Gemini Titan ask how the platforms market event contracts, how much they pay influencers and whether their promotions mislead New Yorkers.