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The CFTC sued New Mexico after the state targeted Kalshi, asserting federal authority over prediction market contracts.
Key legal deadlines in prediction market cases in Wisconsin and Tennessee unfold amid World Cup betting activity.
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.