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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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Supreme Court leaves sports prediction-market petitions pending
The justices’ first orders list granted three unrelated cases, while responses in the New Jersey and Nevada disputes are still due this month and next.
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ProphetX embeds its regulated exchange in Plaee’s operator platform
The beta integration is designed to spare distribution partners a custom technology build and the need for their own exchange registrations.
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Kalshi nears $1 billion raise at $40 billion valuation
Tiger Global and Dragoneer are among investors in late-stage talks, while the terms of the financing remain unsettled.
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California tribal gaming group assails Tunica-Biloxi’s SaltTrade launch
CNIGA says the Kalshi-backed prediction-market venture cannot alter the legal status of sports-event contracts.
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Kalshi seeks more time to answer New Jersey at Supreme Court
A requested 30-day extension would shift the prediction-market operator’s response deadline to Nov. 9 in a dispute over state gambling laws.
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Tunica-Biloxi launches SaltTrade, a tribal-owned prediction-market app powered by Kalshi
The Louisiana tribe says the venture advances economic self-determination, but tribal gaming groups say it lends support to a contested sports-event-contract model.
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Ninth Circuit lets Nevada enforce gambling laws against Kalshi sports contracts
The court said the contracts were sports bets, not swaps, and rejected Kalshi’s bid to block Nevada regulators.
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CFTC review of mention markets deepens pressure on Kalshi
Reports say the platform pulled some spoken-word contracts as regulators examine whether wagers on individual words are too easy to manipulate.
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Kalshi begins streaming live order books on DoubleZero Edge
The feed starts with the exchange’s busiest sports and crypto perpetual futures contracts, and Kalshi is waiving its revenue share for the first year.