Polymarket

Baltimore Kalshi Lawsuit Names Polymarket, Three Brokerages

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Baltimore Kalshi Lawsuit Names Polymarket, Three Brokerages

Baltimore filed consumer-protection suits Thursday against Kalshi and Polymarket in the Circuit Court for Baltimore City. The Kalshi complaint also names its brokerage partners Robinhood, Webull and Coinbase as defendants. The city seeks civil penalties, restitution, disgorgement and an order barring transactions from Baltimore residents. Maryland’s own enforcement against Kalshi remains paused while the Fourth … Read more

CFTC Loses Bid To Shield Prediction Markets In Wisconsin

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CFTC Loses Bid To Shield Prediction Markets In Wisconsin

Judge William Griesbach denied the CFTC’s request for a preliminary injunction against Wisconsin in a 28-page decision filed July 29. The court said the agency is unlikely to prove sports event contracts are swaps or that federal law preempts Wisconsin’s gambling statute. Two days earlier the same federal plaintiffs won an injunction against Minnesota, splitting … Read more

A White House Aide Is Under Investigation for Allegedly Betting on Trump’s Speeches

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Prediction Market Insider Trading | White House Kalshi Case

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

North Carolina’s Budget Squeezes Sportsbooks and Goes Easy on Prediction Markets

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North Carolina Sports Betting Tax | Jumps to 23% in Budget

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

Prediction Markets Now Out-Trade America’s Sportsbooks, and States Are Racing to Tax Them

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Prediction Market Volume | Now Bigger Than Sports Betting

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 World Cup Could Draw $50 Billion in Bets. A Lot of It Won’t Touch a Sportsbook.

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World Cup Betting 2026 Draws Billions | Prediction Markets

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