Prediction Markets can look like betting, but their legality comes down to regulation, jurisdiction, and what the contract is actually classified as.

Nevada regulators have sued Kalshi, arguing its sports-linked event contracts amount to unlicensed betting under state law. The case sets up a direct legal showdown between state gaming authorities and federally regulated prediction markets - with ...

Prediction markets are exploding at a pace sportsbooks can’t ignore - especially as traditional sportsbook betting volume shows signs of decline. The data suggests a real shift in where bettors are putting their money, as sportsbooks are watching ...

Milwaukee Bucks star Giannis Antetokounmpo recently came under scrutiny after reports revealed he holds an investment stake in prediction market platform Kalshi, raising questions about conflicts of interest.

Prediction markets are processing significantly more trading activity than they were even a year ago, with trackers showing sustained expansion across major platforms

Michigan Governor Gretchen Whitmer has included a new per-wager tax on sports betting in her Fiscal Year 2027 budget proposal, aiming to generate additional revenue for state priorities

A brief on-stage appearance by Cardi B during the 2026 Super Bowl halftime show has triggered an unusual dispute in the world of prediction markets

FanDuel's Prediction Market platform is available nationwide, but what you can trade depends on your state

New to legal US prediction markets? This plain-English glossary explains every term you need to know to read markets with confidence

Onyx Odds is available in more places than traditional sportsbooks, but not in every state. Here’s what its legal map looks like right now.