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Kalshi's loss in New York, new taxes, record trading volumes and fresh policy initiatives marked another eventful week for prediction markets. Kalshi's loss in New York, new taxes, record trading volumes and fresh policy initiatives marked another eventful week for prediction markets. A federal court’s rejection of Kalshi‘s preemption arguments in New York became the…
The inquiry marks a new turn in the Brendan Sorsby saga. It shifts attention to whether Cincinnati knew about his gambling activity while he was with the program. The inquiry marks a new turn in the Brendan Sorsby saga. It shifts attention to whether Cincinnati knew about his gambling activity while he was with the…
Despite reports of a potentially higher offer from Carl Icahn, Caesars shares continue to trade below Tilman Fertitta's bid, suggesting investors remain skeptical of a competing takeover. Despite reports of a potentially higher offer from Carl Icahn, Caesars shares continue to trade below Tilman Fertitta's bid, suggesting investors remain skeptical of a competing takeover. Carl…
Meta verdict may help, but attorney notes gambling cases feature key difference from social media suits Meta verdict may help, but attorney notes gambling cases feature key difference from social media suits The American legal system is increasingly awash with lawsuits alleging that sports betting companies intentionally build apps that prey on customers with gambling…
The former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and Robinhood. The former CFTC commissioner and former nominee to lead the agency will serve as a senior adviser to the industry group backed by Kalshi, Coinbase, Crypto.com and…
ADI Predictstreet is the new kid on the prediction market block — its trading volume may be small, yet in exclusive comments to Gambling Insider, insiders claim it has a winning strategy ADI Predictstreet is the new kid on the prediction market block — its trading volume may be small, yet in exclusive comments to…
North Carolina became one of the first states to tax prediction markets without creating a regulatory framework. The move could trigger another clash over federal and state authority. North Carolina became one of the first states to tax prediction markets without creating a regulatory framework. The move could trigger another clash over federal and state…
A new Macquarie report estimates Kalshi accounted for roughly two-thirds of prediction market trading in June as the FIFA World Cup accelerated mainstream adoption. A new Macquarie report estimates Kalshi accounted for roughly two-thirds of prediction market trading in June as the FIFA World Cup accelerated mainstream adoption. Prediction markets generated more than $50 billion…
Britain's gambling regulator will phase in financial checks on its highest-spending customers from a starting threshold that few will ever reach and, unusually, has promised not to punish operators that ignore the results during the early rollout. Britain's gambling regulator will phase in financial checks on its highest-spending customers from a starting threshold that few…
Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. A federal judge has denied Kalshi‘s motion for a preliminary injunction against New York regulators, ruling that the company failed to…
