Nine Democratic senators have asked the CFTC to restrict prediction markets tied to wildfires. They warn that allowing traders to profit from a fire’s spread or duration creates risks ranging from insider trading to arson.

A federal judge ruled that Utah can enforce its gambling ban against Kalshi’s sports contracts. The decision gives states another route to restrict federally regulated prediction markets.

Novig launched its federally regulated prediction markets platform in 47 states before suing regulators in New York, New Mexico, Washington, and Massachusetts

A White House teleprompter operator is no longer with the government after using advance knowledge of President Donald Trump’s speeches to win more than $100,000 on Kalshi.

Minnesota’s sweeping prediction market ban has been blocked before it could take effect, giving Kalshi, Polymarket, and the CFTC an important early victory in the fight over who controls event-contract trading.

New York wants to stop Kalshi from operating an alleged unlicensed gambling business from its home state, with the requested relief potentially extending across the company’s sports, election and culture markets.

Prediction markets reportedly generated activity equivalent to 27% of legal U.S. World Cup betting volume as Kalshi added three million users, showing the platforms can now compete directly with licensed sportsbooks for mainstream sports demand.

FanDuel, DraftKings, the NFL and Genius Sports are seeking dismissal of a lawsuit that blames microbetting and VIP programs for two customers’ gambling addictions.

The Wisconsin Elections Commission says residents who wager on an election may be legally barred from voting in that same contest. Kalshi argues the warning is unlawful and threatens voters as political prediction markets expand ahead of the 2026 ...

A Michigan judge has ordered Kalshi to stop offering sports-related prediction markets contracts in the state, backed by a threat of $120,000-a-day fines

Federal prosecutors have charged former NBA players Malik Beasley and Ed Davis, along with four co-defendants, with rigging Beasley's in-game performance to cash in on player prop bets

The MLB Players Association has proposed a sweeping ban on individual player prop bets as part of ongoing CBA negotiations with the league - a move that would affect sportsbooks, DFS operators, and prediction markets alike.

Pick’em mistakes usually happen long before the games begin. They come from weak reasoning, chasing bigger payouts, copying screenshots, or ignoring how the picks fit together.

Meta is reportedly developing a prediction market app called Arena, which looks to push event trading from specialist platforms into the consumer-tech mainstream.