NCLGS urges states keep control as prediction markets debate intensifies Suswati Basu The National Council of Legislators from Gaming States (NCLGS) has formally backed keeping sports wagering and broader gambling policy under state control as prediction markets continue spreading across the United States. Its Executive Committee unanimously approved a resolution during the group’s … Continue reading NCLGS urges states keep control as prediction markets debate intensifies
Congress faces heated debate over sports prediction markets federal gambling regulatory authority Suswati Basu News Editor Congress is set to hear sharply conflicting testimony Tuesday (July 21) over who should regulate sports prediction markets and whether Congress should step in to redefine them as gambling instead of federally regulated financial products. The committee is … Continue reading Congress faces heated debate over sports prediction markets federal gambling regulatory authority
Washington judge clears path for injunction against Kalshi over prediction markets Suswati Basu A Washington judge has ruled that prediction market operator Kalshi likely violated the state’s gambling and consumer protection laws, paving the way for a preliminary injunction that could require the company to stop offering its event-based contracts to Washington residents … Continue reading Washington judge clears path for injunction against Kalshi over prediction markets
Illinois fights federal injunction bid over prediction markets gambling enforcement dispute Suswati Basu Illinois is asking a federal judge to reject requests that would temporarily block the state from enforcing its gambling laws against sports and election prediction markets, arguing the products are ordinary wagers instead of federally regulated financial instruments. In a … Continue reading Illinois fights federal injunction bid over prediction markets gambling enforcement dispute
July 16, 2026 Truth Social is selling real-time access to posts that could move the markets BY Anna-Louise Jackson Wall Street banks and trading firms will soon receive President Donald Trump’s musings within milliseconds, as the parent company of Truth Social announced a new service on Thursday that’s targeted toward paying institutional clients. Trump Media & … Continue reading Truth Social is selling real-time access to posts that could move the markets
Polymarket battles cyberattack while regulatory pressure intensifies across American prediction markets Suswati Basu Polymarket is dealing with mounting problems on several fronts after a phishing campaign stole millions of dollars from users just as the prediction market platform faces growing pressure from lawmakers, regulators and fresh criticism over its marketing strategy and public … Continue reading Polymarket battles cyberattack while regulatory pressure intensifies across American prediction markets
CFTC sues Kentucky over prediction markets amid regulatory battle Suswati Basu The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in a growing dispute over prediction markets and event-based contracts. A lawsuit filed June 23 in the U.S. District Court for the Eastern … Continue reading CFTC sues Kentucky over prediction markets amid regulatory battle
Not everything you can bet on is gambling, says CFTC in new prediction markets proposal Suswati Basu A new proposal from the Commodity Futures Trading Commission (CFTC) is setting the stage for what could become one of the prediction market industry’s favorite recurring traditions, i.e., arguing with regulators. The agency has released a … Continue reading Not everything you can bet on is gambling, says CFTC in new prediction markets proposal
Illinois budget bill targets sports prediction markets with unique transaction tax Suswati Basu Illinois lawmakers have signed off on a budget measure that would create what appears to be the first state tax aimed specifically at sports event contracts traded through prediction markets. The provision was included in the wider revenue package contained … Continue reading Illinois budget bill targets sports prediction markets with unique transaction tax
Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets Suswati Basu Connecticut’s two federally recognized tribes are asking a federal judge to let them join the government’s legal fight over sports prediction markets, arguing the outcome could reshape gambling oversight and threaten a major stream of tribal income. The Mohegan … Continue reading Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets
