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The 2026 World Cup is expected to drive unprecedented gambling, with global wagers projected to reach $50 billion.
The CFTC is advancing guidelines to bring regulatory clarity to prediction markets and event contract exchanges.
WagerWire acquired a Gibraltar license to expand its prediction market platform internationally.
Google expanded its prediction market ad ban to Ohio, joining Nevada amid growing regulatory complexity.
New Mexico filed a lawsuit against Kalshi, accusing it of operating as an unlicensed sportsbook in the state.
Illinois introduced a 1.75% tax on sports prediction market exchanges and new DFS licensing requirements.
Federal authorities launched a probe into suspicious prediction market trading linked to ex-congressman George Santos.
Polymarket filed a federal lawsuit challenging Minnesota’s ban on prediction markets under the Commodity Exchange Act.
Prediction markets are gaining traction pre-World Cup, with 19% of bettors planning to use them during the tournament.