-
Federal judge lets Utah enforce ban on Kalshi
Judge Robert Shelby said federal commodities law does not block the state’s sports gambling restrictions, and Kalshi said it will appeal.
-
Nine senators press the CFTC to rein in wildfire bets
The lawmakers warned that prediction markets on fires could encourage arson, profit from disaster and raise public-safety risks, and they asked for answers by 14 August.
-
Polymarket seeks more than $20 billion valuation as revenue surges
The prediction-market platform has seen trading volumes and annualised revenue climb after opening its U.S. exchange.
-
New York sues Kalshi as illegal gambling case widens
The state says the prediction-market firm operated without a gaming licence, let in 18- to 20-year-olds and dodged taxes meant to support public services.
-
Judge blocks Minnesota’s prediction market ban
Katherine Menendez said the challengers were likely to succeed on pre-emption claims, keeping Kalshi and Polymarket US live in the state for now.
-
Kalshi and AppliedXL launch biopharma prediction markets with strict guardrails
The pilot will let traders price clinical-trial outcomes and FDA decisions, while limiting access to late-stage studies and requiring employment checks.