Polymarkets

Polymarket is a decentralized information markets platform that allows users to trade on the outcome of real-world events using crypto. It leverages the "wisdom of the crowd" to provide real-time, data-driven probabilities on everything from elections to global news.

New Mexico Becomes the Latest State to Sue Kalshi

New Mexico Becomes the Latest State to Sue Kalshi
The suit claims that Kalshi is taking sports bets while evading state laws regulating online gambling.
Submitted by Gilbert Horowitz on,

Judge Blocks Polymarket From Operating in Nevada

Judge Blocks Polymarket From Operating in Nevada
Nevada regulators first filed a complaint back in January asking the court for a declaration and injunction to stop Polymarket from offering unlicensed wagering in violation of state law.
Submitted by Aaron Goldstein on,

Spain Blocks Prediction Markets Polymarket, Kalshi Over Lack of Gambling Licences

Spain flag

(Reuters) - Spain's Consumer Rights Ministry temporarily banned so-called prediction markets Polymarket and Kalshi ​for operating in the country without a ‌gambling licence, the official state gazette showed on Tuesday.

In a statement, the ministry said its gambling ​watchdog had opened a probe into the ​U.S.-based companies for allegedly breaching local rules ⁠by lacking mandatory administrative authorisation.

The ban ​will last an estimated three or four months ​until the probe's completion, it said.

Submitted by Reuters on,

Gemini Predicted - Bitcoin Traders Eye $85,000 in May

Bitcoin
Gemini Predicted has a featured market on Bitcoin's price for the month of May along with the Colorado Avalanche and Carolina Hurricanes trading spots as Stanley Cup favorites.
Submitted by Aaron Goldstein on,

Betting Markets Split on US Taking Stake in Spirit Airlines But Don't See Total Shutdown Likely

Spirit Airlines
U.S. President Donald Trump said Thursday that he was weighing a taxpayer-funded takeover of Dania Beach, Florida-based Spirit Airlines with the intent of reselling the struggling budget carrier after oil prices drop.
Submitted by Aaron Goldstein on,

Bill to Ban Prediction Markets in Minnesota Set to Hit Senate Floor Days After Lawmaker There Admits to Betting on Himself

MN Senator Matt Klein
A state lawmaker admitted to betting on his own election at Kalshi and has received a 5-year ban for doing so.
Submitted by Gilbert Horowitz on,

Feds Charge Soldier With Using Classified Intel to Win $400K on Polymarket

US soldier saluting the flag
A U.S. special forces soldier involved in the military operation to capture Venezuelan President Nicolás Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market, federal officials announced Thursday.
Submitted by Associated Press on,

Connecticut Senator Demands Leagues Explain Sports Betting Partnerships

Richard Blumenthal
His letter comes just over a week after the Trump Administration sued Connecticut over its attempts to keep prediction markets from doing business in the state.
Submitted by Gilbert Horowitz on,

New Jersey Court Finds in Favor of Kalshi

Kalshi
A three-judge panel of the Third Circuit upheld a preliminary injunction for the Kalshi exchange against enforcement by the state of New Jersey over sports-related event contracts, becoming the first federal ruling on prediction markets like Kalshi and Polymarket
Submitted by Aaron Goldstein on,

Prediction Markets Challenge Tribal Casinos’ Hard-Won Place in US Gambling

Prediction markets
At the Indian Gaming Association’s annual convention in San Diego this week, two words have dominated the agenda: Prediction markets.
Submitted by Associated Press on,

Nevada Judge Extends Kalshi Ban

Kalshi
A Nevada judge on Friday moved to extend a ban on the prediction market Kalshi, citing regulators claims the company is operating without a proper gaming license to conduct business in the state.
Submitted by Aaron Goldstein on,

Polymarket Says 'Investigating' After Massachusetts Rep Blasts Company for Offering Bets on Missing US Service Member Shot Down Over Iran

Plane over Iran
"It should not have been posted, and we are investigating how this slipped through our internal safeguards."
Submitted by Jagajeet Chiba on,

Kash Patel Out By...? Betting Market Has Nearly Half of Traders Believing He's Gone End of June

Kash Patel Polymarket
Reports began surfacing on Friday that US President Donald Trump could be considering further firings. Next on the chopping block? FBI Director Kash Patel?
Submitted by Gilbert Horowitz on,

Trump Administration Sues Illinois, Connecticut and Arizona Over Prediction Markets

Legal gavel
The Trump administration on Thursday filed lawsuits against three states, claiming prediction markets should be permitted under the oversight of the federal government.
Submitted by Gilbert Horowitz on,

Kalshi Classifies Itself as Gambling as Part of Filing

Kalshi Classifies Itself as Gambling
Dan Bernstein of Sportico writes that Kalshi petitioned the United States Patent and Trademark Office to trademark the term “prediction market” last year and specifically asked for the scope of its proposed intellectual property rights to cover the gambling industry.
Submitted by Aaron Goldstein on,

NFL Moves to Rein In Prediction Markets Amid Manipulation Fears

NFL logo
David Purdum of ESPN reports that the NFL sent out letters to various prediction markets on Sunday requesting that they refrain from offering certain trades that can easily be manipulated beforehand.
Submitted by C Costigan on,

Hot Betting Market: Emmanuel Macron Out By June

Macron
French President Emmanuel Macron's term remains constitutionally secure until May 2027, insulated from no-confidence votes that repeatedly target prime ministers amid the hung parliament resulting from 2024 snap legislative elections.
Submitted by t c jackson on,

What Are the Restrictions Betting the Fighting Illini Online From Illinois?

Illinois welcome sign
The main restriction is you can't bet them at all with a regulated website. Now doesn't that suck!
Submitted by Don Shapiro on,

Prediction Market Tracker April 2026: Who Are the Industry Players Right Now?

Prediction markets
Gambling911.com continues to monitor the prediction market space as well as any newcomers to the sector as we enter April 2026.
Submitted by Aaron Goldstein on,

AOC Slams Prediction Markets as Offering 'Just a Fig Leaf' to Appease Lawmakers

AOC
Following Monday's news that two lawmakers had introduced legislation that would prevent prediction markets from offering sports event contracts, market leaders Kalshi and Polymarket were quick to introduce guardrails.
Submitted by Gilbert Horowitz on,

Lawmakers Introdcue Legislation Prohibiting Sports Bets at Prediction Markets

Sports betting and prediction markets
Utah Sen. John Curtis and California Sen. Adam Schiff are leading a bipartisan push to prevent prediction markets from offering events contracts on sports. The legislation is called the “Prediction Markets are Gambling Act".
Submitted by Gilbert Horowitz on,

Kalshi Out of Nevada....for Now

Kalshi
A Nevada judge has temporarily prevented the federally licensed Kalshi from operating in the state.
Submitted by Aaron Goldstein on,

Bill To Ban Prediction Markets from Enabling Officials to Bet On and Profit Off of War

Iran conflict
Recent suspicious activity on prediction markets has raised serious questions about whether certain government insiders are using government secrets to make significant personal profit by placing anonymous bets on online gambling platforms.
Submitted by t c jackson on,

CFTC Chairman Michael Selig Says Arizona AG Actions Against Kalshi 'Jurisdictional' Not 'Criminal'

Kalshi
Arizona became the first state to file criminal charges against Kalshi on Tuesday, accusing the prediction market company of operating an illegal gambling business within its borders, a significant escalation in the fight to regulate the popular platform.
Submitted by C Costigan on,

Arizona AG Files 20 Misdemeanor Charges Against Prediction Market Kalshi

Arizona Kalshi
"Kalshi may brand itself as a 'prediction market,' but what it's actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law," said AG Kris Mayes. "No company gets to decide for itself which laws to follow."
Submitted by C Costigan on,

Kalshi Sues Arizona State Regulators

Arizona license plate
"Bold move considering CA9 intra-circuit precedent favoring states, but preferable to an all-but-certain state court TRO," writes gambling attorney Daniel Wallach. 
Submitted by C Costigan on,

CFTC's Publishes Prediction Market Guidance

CFTC
The Commodity Futures Trading Commission’s Division of Market Oversight on Thursday March 12 issued a prediction markets advisory regarding the listing for trading of event contracts.
Submitted by C Costigan on,

Prediction Markets Have Cost States $600 Million in Lost Tax Revenue Over Last 12 Months

Prediction Markets
A Supreme Court decision on prediction markets likely won't happen until late 2027, if at all.
Submitted by Aaron Goldstein on,

Michigan Federal Court Rules Sports-Event Contracts Are Not 'Swaps'

Legal
In doing so, the state joins Nevada and Ohio as regulators fight to keep prediction markets out of their respective states.
Submitted by Alejandro Botticelli on,

Will the Price of Crude Oil Hit Above $200 By End of March Betting Market

Crude oil
The trading volume should exceed $8 million by Monday morning.
Submitted by Aaron Goldstein on,

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