Pure Tech

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Both chambers of the New York Legislature have approved bill A10329, sending it to Gov. Kathy Hochul for review. If she signs it, regulated sportsbooks operating in the state would be required to send players monthly account statements...

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VGW, the operator behind Chumba Casino, LuckyLand Casino, and Global Poker, has escalated its political spending in Alabama, donating $100,000 to US Sen. Tommy Tuberville’s gubernatorial campaign on top of an earlier $30,000 contribution...

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DraftKings’ continued push into prediction markets could cost the company its tribal sportsbook partnerships, according to Indian Gaming Association Chair Victor Rocha, who predicts the operator will suffer once sports event contracts lose...

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Robinhood is expanding its prediction-markets business through a multiyear partnership with Crypto.com and its OG.com platform, and began routing selected football event contracts to OG.com on Sept. 8, according to Reuters and Axios. The...

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Polymarket’s U.S. betting platform was targeted in a stolen-card fraud scheme that attempted to siphon off at least $10 million, according to The Wall Street Journal. The scheme surfaced in February, when a company processing debit-card...

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Lead The House Ways and Means Committee advanced a bipartisan crypto tax bill that includes a reversal of the gambling-loss deduction limit enacted in the One Big Beautiful Bill. Punchbowl News reported that the measure would restore the...

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Lead Ohio’s stalled push to legalize online casinos has a new proposal attached to it: allow digital operators to run promotions only when those promotions direct players toward the state’s existing physical casinos and racinos. State Rep....

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DraftKings built a machine-learning model in 2023 using customer betting records to identify which gamblers were more likely to respond to promotions by betting – and losing – more, according to a New York Times investigation published...

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Hyperliquid’s open interest reached a record $16.36 billion, according to BlockBeats, as the exchange’s push beyond crypto perpetual futures into stocks and prediction markets drew fresh trading activity to the platform. The figure tops...

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Underdog has filed a federal lawsuit against Connecticut officials after the state ordered the company to stop offering sports-event contracts, escalating a fight over who has authority to regulate prediction markets. The company is one of...

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The Tunica-Biloxi Tribe of Louisiana launched a prediction market app on Sep. 18 through its newly formed subdivision, SaltTrade Derivatives, a move Kalshi describes as the first time a sovereign Tribal nation has entered the prediction...

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Genius Sports has launched Prediction.com, a consumer platform built through its Legend business that lets users compare equivalent event contracts across multiple prediction-market venues and track how probabilities shift as events play...

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Missouri Attorney General Catherine Hanaway is pursuing cease-and-desist action against prediction-market companies operating in the state, while Montana has agreed to pause enforcement against Kalshi under a stipulation filed in federal...

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BMLL and Kalshi have formed a strategic partnership that folds Kalshi’s historical prediction-market data into BMLL’s standardized capital-markets data environment, giving quantitative research teams, macro funds, and systematic hedge...

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The Commodity Futures Trading Commission issued new guidance on September 17 that could widen online access to cryptocurrency and prediction-market trading by exempting certain software providers from broker-registration requirements. The...

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State Rep. Travis Weaver, R-Peoria, filed House Bill 5814 on Monday to repeal an Illinois tax on sports wagering and fantasy contests. The measure targets a levy Gov. J.B. Pritzker signed into law in June as part of a broader state revenue...

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Lead Robinhood’s futures and prediction-markets vice president and general manager, JB Mackenzie, said trading activity in prediction markets was rising ahead of the Federal Reserve’s rate decision. In comments reported by MarketScreener,...

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The Ninth Circuit ruled 3-0 in favor of the Blue Lake Rancheria and Chicken Ranch Rancheria of Me-Wuk Indians on Wednesday, reversing a lower court’s denial of a preliminary injunction concerning Kalshi’s sports-event contracts on the...

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The California Nations Indian Gaming Association urged Senate Majority Leader John Thune, R-South Dakota, and Minority Leader Chuck Schumer, D-New York, not to bring up the CLARITY Act on Tuesday unless the bill closes what the group calls...

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Lead The Texas Senate State Affairs Committee heard testimony Tuesday on whether online prediction markets such as Kalshi should be treated as federally regulated financial exchanges or as gambling platforms subject to state oversight and...

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The U.S. Senate rejected a procedural motion needed to advance the CLARITY Act on Tuesday, blocking legislation that tribal-gaming operators and lawmakers said was a crucial step toward stopping prediction-market companies from offering...

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Kalshi and Polymarket Global combined for $14.10 billion in contract volume during the Sept. 7-13 week that opened the NFL regular season, according to a DeFi Rate volume report. That was up 9.3% from $12.90 billion the previous week, with...

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Polymarket launched event contracts tied to private-company milestones this week, expanding into IPO timing, valuation targets and secondary-market activity for firms including OpenAI, Anthropic and Stripe. The move landed the same week...

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The Ninth Circuit Court of Appeals ruled on August 28 that sports-related event contracts offered by prediction-market platforms are not swaps under federal commodities law, clearing the way for Nevada to apply its own gaming regulations...

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Underdog Exchange DCM, Inc. and UDM, LLC, which does business as Underdog Predict, have taken regulators in Ohio, Massachusetts, and Wisconsin to federal court, after dropping Drafts in seven states this week. The company wants judges to...

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Coinbase says Kalshi caused a mistaken prediction-market settlement tied to Michigan’s wild 13-12 win over Western Michigan. The crypto company plans to make affected winners whole while letting customers keep money they received because...

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Americans are projected to legally bet $29.5 billion on the 2026 NFL season through regulated commercial sportsbooks, according to a new American Gaming Association estimate. That would barely move from the $29.4 billion wagered last...

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Kalshi had to undo payouts on a college football prediction market after declaring Western Michigan the winner against Michigan before officials had actually finished deciding the game. The heavily traded “Western Michigan vs. Michigan”...

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Underdog Fantasy is pulling new Drafts entries from seven U.S. states this week after founder Jeremy Levine said regulators left the company facing a choice between state fantasy licenses and products licensed by the Commodity Futures...

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Bally’s Corporation is changing finance chiefs as the casino company pours money into major developments, deals with financial pressure and fights over video gambling terminals in Chicago. Mira Mircheva told Bally’s she plans to leave her...

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Three members of Congress have renewed their pressure on FanDuel, saying the betting operator still has not explained how its VIP program handles customers who may be struggling with gambling problems. Sen. Richard Blumenthal and Reps....

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The NFL is again asking designated contract markets to pull several types of football-related prediction contracts, making another push as the 2026 season gets underway. A September 3 letter says exchanges are still listing contracts the...

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Prospect Park Councilman Anand Shah has resigned after roughly a decade in public office, months after admitting his role in an illegal gambling operation investigated by state authorities. His resignation became effective August 28, 2026....

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A Michigan judge has temporarily shut Kalshi’s sports contracts out of the state, handing Attorney General Dana Nessel a preliminary injunction while her lawsuit against the prediction-market company moves forward. Ingham County Circuit...

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New Jersey is taking its fight with Kalshi to the US Supreme Court, asking the justices to decide whether federally regulated prediction markets must also follow state sports betting rules. The state has petitioned for review after a...

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Churchill Downs Incorporated has asked the Federal Trade Commission (FTC) to order an independent review of the Horseracing Integrity and Safety Authority, escalating scrutiny of the regulator days before HISA provisionally suspended...

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FanDuel has voided wagers placed on behalf of Bill Simmons and taken action against his account after the sports media personality admitted using his daughter’s boyfriend to make bets for him in Massachusetts. The sportsbook said it also...

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The Ninth Circuit has called Kalshi’s contracts what its advertising already did: sports betting.  Kalshi’s marketing department wrote the opening line of its own legal defeat. “KalshiEX, LLC advertises itself as ‘the first app for...

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Today in prediction market news, we’re following a fresh wave of legal and regulatory developments, including Kalshi urging the Tenth Circuit to block Utah enforcement while its federal appeal plays out, and Ohio and Rhode Island pointing...

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Kalshi wants federal regulators to tackle manipulation in prediction markets by going after misconduct and restricting specific traders, rather than placing sweeping limits on event contracts. In August 27 written comments, KalshiEX LLC...

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George Santos has been permanently suspended from Kalshi and ordered to pay $71,356 after the prediction market exchange concluded that he manipulated contracts tied to his own attendance at the State of the Union address. Today we are...

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The NFL will head into the 2026 season with three official sports betting partners after signing multi-year deals with DraftKings, FanDuel and Fanatics Betting and Gaming. DraftKings and FanDuel have held that status since 2021. Fanatics...

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Kalshi is disputing a New York Times report about the expanding legal and political battle over prediction markets, including questions about sports betting, taxes, consumer safeguards and federal intervention. The company responded August...

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A federal judge has restarted Kalshi’s lawsuit against Montana officials after months of delays, while rejecting the prediction-market operator’s bid for immediate protection from state enforcement. U.S. District Judge Donald W. Molloy...

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The Major League Baseball Players Association (MLBPA) is open to stopping players from appearing in personalized sportsbook marketing connected with VIP or tier programs. At the same time, it wants MLB to support wider restrictions on some...

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Matt Gogel will spend six months away from PGA Tour-sanctioned competition after the Tour determined that the PGA Tour Champions member had been betting on golf competitions. The PGA Tour announced the discipline Wednesday (August 26),...

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Connecticut is suing Kalshi, asking a state court to stop the prediction market from offering sports contracts to residents without a gambling license. Attorney General William Tong announced the lawsuit Wednesday alongside Department of...

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The Alabama-Coushatta Tribe of Texas has opened Naskila Casino Leggett, giving Polk County its first operating piece of a much larger casino resort planned for the property. Tribal members marked the occasion Monday (August 24) with a...

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Novig and New Mexico officials want to pause their federal court battle over sports event contracts until August 2027, giving another case time to address a legal issue at the heart of their dispute. Ludlow Exchange LLC, which operates as...

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Nebraska voters will get a say on two online sports wagering proposals in the November 2026 general election. The Secretary of State’s office said August 21 that both petition campaigns gathered enough valid signatures to make the ballot....