Connecticut sues Kalshi over sports contracts, a Montana judge revives a stalled case, and rivals push into MLB deals and new U.S. markets.
Marie Toussaint
Petitions funded largely by FanDuel and DraftKings put a constitutional amendment and gaming-law changes on Nebraska's Nov. 3 ballot.
Whatnot, Collector Crypt and Fanatics face legal claims that randomized digital card breaks amount to illegal lotteries as sweepstakes firms pile in.
Kalshi is set to hit $200B in trading volume as prediction markets expand into MLB sponsorships, with new details on political lobbying of state regulators.
CSA and CIRO confirm sports and entertainment event contracts stay banned, even as Wealthsimple pushes for looser rules on prediction markets.
New York Times reporting says Trump Jr. lobbied GOP attorneys general and the White House briefed North Carolina lawmakers on prediction markets.
Nevada says Kalshi's reliance on a new North Carolina prediction-market tax undercuts its own federal preemption case before the Ninth Circuit.
Kalshi loses more court rounds in Connecticut and Washington as the CFTC unveils a regulatory roadmap for event contracts.
Better Markets' Amanda Fischer says the Clarity Act lacks Senate votes and that states, tribes will prevail against CFTC-backed prediction markets.
No-deposit prediction platform SafeBets wants sports and politics fans to fuel growth, then mine top forecasters for financial-market trading signals.