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Novig asks federal court to block Wisconsin gambling case
The prediction-market firm says state gambling law is pre-empted by federal regulation, while the attorney general says the platforms are disguising sports betting as event contracts.
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Brazil orders blocks on Polymarket, Kalshi and 25 prediction platforms
The finance ministry said only contracts tied to economic benchmarks such as inflation and exchange rates may remain under financial-market rules, while sports and politics are out.
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Connecticut judge lets state keep pressing Kalshi over sports contracts
Judge Vernon D. Oliver said Kalshi’s sports-event contracts do not qualify as swaps, clearing the way for state regulators to keep pursuing enforcement.
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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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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.
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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.