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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.
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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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Illinois legislator seeks repeal of new prediction-market sports tax
HB 5811 would remove Illinois’s levy on sports-related exchange wagers less than three months after it took effect.
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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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Underdog sues Connecticut over sports prediction-market orders
The company says federal commodities law pre-empts state gambling enforcement, while Connecticut says sports betting requires a state licence.
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Texas Senate hearing sharpens clash over Kalshi’s sports prediction contracts
Lawmakers heard competing calls for state enforcement and federal deference ahead of the next legislative session.
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Genius Sports says prediction-market demand will survive regulatory change
Chief executive Mark Locke says the company can earn from exchanges, market makers and sportsbooks even if today’s model is reshaped.
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AGA backs New York in fight over prediction markets
The trade group told a federal judge that sports-event contracts are gambling products in substance, not just derivatives, as the wider battle over who regulates prediction markets deepens.
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Pennsylvania lawmakers move to tax and police prediction markets
One bill would hand oversight to the state gaming board and impose steep taxes, while another would target insider trading, manipulation and sensitive wagers.
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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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Underdog sues five states over prediction markets
The company says state gambling laws are pre-empted by federal commodities rules.
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Michigan pauses Robinhood’s new sports event contracts
The state says the company will stop taking new sports-related positions by the end of Wednesday and unwind existing ones by Oct. 9, while the wider fight over prediction markets continues.