A bipartisan measure would force betting and prediction-market apps to scan a user’s face before a wager, all in the name of shutting kids out. Few argue with the aim, yet the specifics, and the label on the bill, are murkier than they first appear. Legislation now in Congress would slip a camera between you … Read more
Federal regulators are examining whether the president’s teleprompter operator used advance knowledge of speech drafts to win on a Kalshi market, the clearest example yet of the insider problem that has trailed prediction markets all year. It is the scenario prediction-market skeptics have warned about for a year, and it just landed inside the White … Read more
The state’s fresh budget makes operating a sportsbook pricier while giving a competing product a gentle landing, and a few legislators fear the imbalance could siphon off the very dollars the increase was supposed to bring in. In one budget, North Carolina made sportsbooks costlier to operate and, at the very same moment, gave a … Read more
Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more
The first World Cup on home soil since betting became legal is on pace to be the biggest in history, and prediction markets are quietly carrying the action into states that never legalized it. The 2026 World Cup is on pace to become the largest betting event in human history. The most revealing thing about … Read more
The 2026 World Cup is the first on US soil since legal sports betting spread nationwide, and New Jersey wants a 10% cut of the wagers, while prediction markets and offshore books circle the states where sportsbooks still cannot operate.
DraftKings and FanDuel walked away from the AGA in November 2025 and now sit opposite the trade group at the first congressional hearing on federally regulated event contracts. The May 20 Senate Commerce Subcommittee hearing marks the formal start of federal legislative consideration.