Polymarket Eyes $15 Billion Valuation in $400 Million Funding Round
A platform that was paying CFTC fines and blocking US users just three years ago is now reportedly worth $15 billion. Polymarket's comeback is one of the most dramatic turnarounds in the prediction markets industry.
Corporate · 21 Apr 2026
US Congress Turns Up the Heat on CFTC Over Prediction Markets and Insider Trading
A congressional hearing has exposed deep uncertainty at the heart of American prediction markets regulation. When the CFTC chair cannot tell a prediction market contract apart from a sportsbook bet, the regulatory gap becomes impossible to ignore.
Regulatory · 17 Apr 2026
CFTC Reveals Innovation Task Force Team as Prediction Markets Battle Heats Up
Washington's derivatives regulator has named the team that will help shape the future of prediction markets, cryptocurrency and AI regulation. The appointments signal where the CFTC's priorities lie.
Regulatory · 15 Apr 2026
Robinhood Pulls Back on Prediction Markets as Insider Trading Fears Grow
From Robinhood's selective product choices to Europe's blanket bans, the prediction markets industry is facing a moment of reckoning over market integrity. The question is whether the sector can regulate itself before regulators do it for them.
Prediction Markets · 13 Apr 2026
Nevada Court Upholds Block on Kalshi as Legal Battle Spreads Across America
Kalshi insists its products are financial instruments. State regulators insist they are bets. A Nevada judge has sided firmly with the regulators, and the fight is now playing out in courtrooms across the country.
Prediction Markets · 6 Apr 2026
Arizona Becomes First US State to File Criminal Charges Against Kalshi Over Illegal Gambling and Election Wagering
Arizona Attorney General Kris Mayes has filed 20 criminal misdemeanour charges against prediction market platform Kalshi, alleging it operated an unlicensed gambling business and accepted bets on state elections in violation of Arizona law, marking the first criminal prosecution of a prediction market company by any US state.
Prediction Markets · 17 Mar 2026
Indiana Becomes First US State in 2026 to Ban Sweepstakes Casinos as Governor Braun Signs Prohibition Into Law
Indiana Governor Mike Braun has signed House Bill 1052 into law, making Indiana the first state in 2026 and the seventh overall to prohibit dual-currency sweepstakes casino platforms, with civil penalties of up to $100,000 per violation taking effect from 1 July 2026.
Regulatory · 13 Mar 2026
CFTC Launches Formal Rulemaking Process for Prediction Markets as Sports Contract Oversight Takes Centre Stage
The US Commodity Futures Trading Commission has issued binding staff guidance and opened a formal advance rulemaking process on prediction markets, signalling a decisive shift under Chairman Mike Selig as event contracts surge from five per year in 2006 to roughly 1,600 certified contracts in 2025.
Prediction Markets · 12 Mar 2026
Bally’s Intralot sets 16 March leadership handover for lotteries as long serving president steps aside
Bally’s Intralot will transition its lotteries leadership on 16 March 2026 as Nikos Nikolakopoulos steps down as President of Lotteries, with chief operating officer Chrysostomos Sfatos set to assume the role while the outgoing executive remains on the board as a non-executive director.
Corporate · 5 Mar 2026
Polymarket faces scrutiny after account correctly predicted United States strike on Iran, triggering Israeli police probe
Israeli police are investigating a large Polymarket wager that correctly predicted a United States strike on Iran on 28 February, amid concerns about possible insider knowledge and renewed scrutiny of how prediction platforms handle high risk geopolitical markets.
Prediction Markets · 4 Mar 2026
Nevada judge sends Kalshi and Polymarket disputes back to state court, clearing path for regulator action
A Nevada federal judge has remanded disputes involving Kalshi and Polymarket back to state court, a shift that clears the way for Nevada regulators to pursue rapid orders that could restrict prediction market contracts offered to residents.
Prediction Markets · 3 Mar 2026
DraftKings reshapes teams as automation expands and prediction markets scale up
DraftKings has reorganised parts of its workforce as it ramps up automation and scales its prediction market ambitions, with management and analysts pointing to cost alignment, AI driven decisioning, and infrastructure changes ahead of a major 2026 sports calendar.
Prediction Markets · 24 Feb 2026
Indiana moves closer to sweepstakes casino ban as Senate backs revised House Bill 1052
Indiana has moved closer to an outright prohibition on online sweepstakes casinos after the Senate passed an amended House Bill 1052 that would define sweepstakes games in state law and empower the Indiana Gaming Commission to issue civil penalties of up to $100,000, with the bill now returning to the House for final agreement.
Regulatory · 19 Feb 2026
SEC and CFTC step up coordination as prediction markets test regulatory boundaries
The SEC is stepping up scrutiny of prediction markets and coordinating weekly with the CFTC, as Chairman Paul Atkins told senators that contract design and activity can trigger overlapping jurisdiction and shape how regulators ultimately classify these products.
Prediction Markets · 16 Feb 2026
Empire State Stakes: Senator Addabbo Leads Renewed Charge for New York Online Casino Gold
As New York faces a billion-dollar drain to neighbouring states and illegal markets, Senator Joe Addabbo launches a renewed 2026 push to legalise iCasinos. With a proposed 30.5 per cent tax rate and a focus on consumer safety, the Empire State may finally be ready to embrace the digital gambling revolution.
Regulatory · 23 Jan 2026
Iowa Hammers Down: New Bills Seek to Wipe Out Rogue Gambling Platforms
Iowa lawmakers have introduced HSB 586 and SSB 3040 to grant the IRGC explicit powers to shut down unlicenced sweepstakes casinos using civil injunctions and stop orders.
Regulatory · 22 Jan 2026
Casino Giant MGM Doubles Down on Clean Power to Light up the Las Vegas Strip
MGM Resorts has reached a landmark achievement in Nevada by doubling its renewable energy capacity through the Escape Solar and Storage Project. With 115 megawatts of solar power and a 25 year stability agreement, the gaming leader is now meeting all its daytime electricity needs on the Las Vegas Strip via clean energy sources.
Corporate · 21 Jan 2026
Bay State Blitz: Massachusetts Judge Tackles Kalshi Over Unlicensed Sports Betting Claims
A Massachusetts judge has granted a preliminary injunction against prediction market Kalshi, prohibiting the platform from offering sports related contracts to residents without a state licence. The ruling, which follows a lawsuit by Attorney General Andrea Joy Campbell, marks the first successful state level block of the company’s sports business and challenges its claim that federal CFTC regulation preempts local gambling laws.
Prediction Markets · 21 Jan 2026
Nevada Declares War on Polymarket with First-of-its-Kind Lawsuit
Nevada's landmark lawsuit against Polymarket marks a pivotal shift in the war between state gaming regulators and federally licensed prediction markets, as the "Silver State" seeks to protect its licensing monopoly from Silicon Valley's latest financial innovations.
Prediction Markets · 20 Jan 2026
Golfing Maverick DeChambeau Disrupts Industry with High Stakes Kalshi Alliance
Bryson DeChambeau has made history as the first individual athlete to represent Kalshi, marking a significant crossover between the world of elite golf and the rapidly expanding prediction market sector.
Prediction Markets · 19 Jan 2026
Indianapolis Eyes Colossal 750 Million Dollar Casino Transformation
Indiana lawmakers are currently debating a massive 750 million dollar casino relocation to Indianapolis alongside a competing 500 million dollar proposal for Allen County as the state also weighs the future of online lottery and sweepstakes gaming.
Regulatory · 13 Jan 2026
Iowa Legislators Strike at Shadow Betting Markets to Protect Local Punters and Tax Coffers
As Iowa legislators gather for the 2026 session, a landmark bill promises to end the impunity of unlicensed gambling platforms. By granting the state commission the power to issue cease and desist orders, Iowa aims to protect its citizens from fraudulent sites and recover billions in lost revenue currently flowing to offshore markets.
Regulatory · 12 Jan 2026
Mississippi Lawmakers Target Online Sweepstakes with Aggressive New Felony Penalties
Mississippi’s Senate Bill 2104 is a rigorous legislative filing that aims to classify online sweepstakes casinos as illegal gambling devices, carrying heavy felony charges and asset forfeiture.
Regulatory · 11 Jan 2026
Tennessee Regulators Launch Massive Offensive Against Global Prediction Giants
Tennessee regulators have issued a stern ultimatum to Kalshi and Polymarket demanding an immediate halt to all sports wagering activities within the state. The move follows allegations that these platforms are bypassing local gambling laws by offering unlicensed sports event contracts to residents. Companies have until the end of January to refund all customer deposits or face heavy fines and potential criminal investigation.
Prediction Markets · 10 Jan 2026
Wall Street Giant Dow Jones Bets on Future with Exclusive Polymarket Deal
Dow Jones has signed an exclusive deal to integrate Polymarket's prediction data into The Wall Street Journal and MarketWatch, signalling a major shift in how financial news utilises betting odds to gauge future events.
Prediction Markets · 7 Jan 2026
Polymarket Traders Profit from Venezuela Turmoil Amid Insider Trading Fears
A Polymarket trader turned $30,000 into $436,000 by betting on President Maduro's capture days before it happened, sparking debate over whether prediction markets incentivise insider trading on military conflicts.
Prediction Markets · 5 Jan 2026
Chicago Sports Betting Tax Live as Operators Drop Injunction
Chicago's 10.25% sports betting tax has taken effect after operators withdrew an injunction request, though a constitutional challenge remains active while state lawmakers propose bills to preempt the city's levy.
Regulatory · 5 Jan 2026
Nevada Gaming Win Hits $1.35bn in November Despite Strip Decline
Nevada's casinos generated $1.35 billion in November, driven by strong local demand that offset a rare decline on the Las Vegas Strip and falling tourist numbers.
Corporate · 4 Jan 2026
Stake and Drake Targeted in Virginia Class Action Over 'Illegal' Gambling
A class action lawsuit filed in Virginia accuses Stake.us and rapper Drake of running an illegal gambling ring. The suit also alleges Drake used the platform to fund bot networks to inflate his music streaming numbers.
Regulatory · 2 Jan 2026
Kalshi Scraps NCAA Transfer Markets Following Outcry
Kalshi has abandoned plans to launch prediction markets on college athlete transfers after the NCAA condemned the move as a threat to student safety.
Prediction Markets · 24 Dec 2025
NBA Tightens Betting Rules as Federal Probe Widens
The National Basketball Association (NBA) is rolling out a sweeping package of stricter betting-related safeguards across its 30 franchises.
Regulatory · 24 Dec 2025
"The Rest is Noise": Stephen Crystal on Why 2025 Was the Reset We Needed
Stephen A. Crystal has had a milestone year. Between celebrating becoming a grandfather and exploring the glaciers of Iceland, the Founder of SCCG Management has had a moment to step back and survey the landscape.
Interviews · 22 Dec 2025
"Fixing Broken Systems": Desiree Dickerson on Why Skill Gaming is the US Market’s Trojan Horse
Desiree Dickerson does not have a traditional iGaming background. Before co-founding THNDR, she was improving performance measures at the Department of Veterans Affairs and empowering women in Rwanda with blockchain financial tools.
Interviews · 15 Dec 2025
American Gaming Association Names Louis Jacobs as Chairman
The American Gaming Association (AGA) has chosen Louis "Lou" M. Jacobs, Chief Executive Officer of Delaware North, to lead the organisation's board of
Press Release · 19 Nov 2025
New Jersey Sets $260 Million iGaming Record in October
The New Jersey Division of Gaming Enforcement has reported that the state's iGaming operators achieved an all-time revenue record in October, driving the
Corporate · 18 Nov 2025
YouTube Enforces Strict New Gambling Content and Ad Rules
Starting yesterday, 17 November, YouTube has introduced a comprehensive update to its gambling content policy. The changes significantly tighten controls on
Corporate · 18 Nov 2025
NBA Requests Phones and Files in Widening Gambling Probe
The NBA has significantly expanded its investigation into alleged illegal gambling activity, formally requesting documents, mobile phones, and electronic
Corporate · 17 Nov 2025
Aristocrat Returns $1.4bn to Shareholders as it Focuses on Social Casino
Aristocrat Leisure has announced a strong full-year group result, posting a normalised net profit after tax and before amortisation (NPATA) of $1.6bn, a 12%
Corporate · 13 Nov 2025
Disney Ends ESPN Bet Deal, DraftKings New ESPN Partner
Disney terminates its $2B ESPN Bet partnership with Penn Entertainment. DraftKings is the new official ESPN betting partner in a multi-year deal.
Corporate · 7 Nov 2025
Kalshi and Polymarket Hit Record Trading Volumes in October
Kalshi and Polymarket Hit Record Trading Volumes in October
Prediction Markets · 5 Nov 2025
YouTube Gambling Policy Tightens: Social Casino Content and Skins Gambling Hit by New Restrictions
YouTube has announced a significant update to its community guidelines, introducing stricter controls on both gambling content and graphic video game
Corporate · 30 Oct 2025
Harvard Endowment Discloses $117 Million Stake in BlackRock's Bitcoin ETF
Harvard University's endowment fund, one of the largest and most closely watched institutional investment portfolios in the world, has made a significant,
Crypto · 15 Aug 2025
Baseball's Digital Shadow: A Pitcher's Fate Hinges on Two Flagged Pitches
In a chilling new chapter for Major League Baseball's ongoing dance with sports betting, Cleveland Guardians right-hander Luis Ortiz finds his career abruptly
Sports Betting · 5 Jul 2025
Massachusetts Sports Betting Revenue Soars to Four-Month High in May
Sports betting revenue in Massachusetts surged to $80.7 million in May, marking the highest monthly figure recorded since January of this year. This
Sports Betting · 23 Jun 2025
New Jersey Advances Bill to Ban College Prop Bets Amid Rising Harassment Concerns
A legislative effort in New Jersey to prohibit player-specific proposition bets on college sports has advanced, signaling a growing national movement aimed at
Sports Betting · 21 Jun 2025
Bitcoin, Ethereum Going Mainstream as JPMorgan, SEC Open Doors: Binance Research
Cryptocurrencies like Bitcoin and Ethereum are increasingly breaking into mainstream finance, driven by major institutional developments and regulatory
Crypto · 6 Jun 2025
Kalshi’s Legal Battles With States Continue Despite CFTC Dismissal
While a case against event contracts platform Kalshi brought by the federal regulator, the Commodity Futures Trading Commission (CFTC), has been dismissed,
Prediction Markets · 14 May 2025
New York Mobile Sports Betting Handle Rises to $2.15 Billion in April, Revenue Also Increases
New York's mobile sports betting market saw a significant increase in wagering handle and operator revenue during April 2025 compared to the previous year.
Sports Betting · 12 May 2025
DraftKings Sued Over Patent Infringement Related to Micro-Betting Technology
Sports betting operator DraftKings is facing a patent infringement lawsuit filed in New Jersey federal court concerning its micro-betting offerings. The legal
Sports Betting · 12 May 2025
March 2025 Google Update Shatters iGaming Affiliate Traffic, Reshaping Performance Marketing
The March 2025 Google Core Update had an unprecedented impact on the iGaming affiliate marketing landscape.
Corporate · 11 May 2025
US Online Casino Revenue Hits Record $905.6 Million in March 2025
United States - Regulated online casino platforms across the United States delivered an unprecedented performance in March 2025, collectively generating a new
Corporate · 5 May 2025