Illinois’ $56B state budget to include prediction market tax
The General Assembly of Illinois has approved Governor Pritzker’s $56 billion state budget plan for 2027, which includes a tax on prediction market sports event contracts.
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Prediction markets
NC Governor bans state workers from insider info trading
The governor of North Carolina, Josh Stein, has signed an executive order to ban state employees from trading on prediction markets using insider information obtained from...
Google employee charged in Polymarket insider trading case
The U.S. Department of Justice has charged Google software engineer Michele Spagnuolo with gaining over $1.2 million by using insider information to trade on Polymarket.
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Trump supports prediction markets in new social media post
In a new post published on Truth Social, U.S. President Donald Trump has spoken out in support of CFTC-regulated prediction markets, praising the “new form of Financial...
Spain blocks Polymarket and Kalshi over illegal gambling
Spain’s Dirección General de Ordenación del Juego (DGOJ) has announced that it has blocked prediction market operators Polymarket and Kalshi, arguing that both offered their...
South Korea launches investigation into Polymarket
The authorities in South Korea have launched an investigation into Polymarket to decide whether the platform’s product is classified as illegal gambling under the country’s...
Polymarket reveals plans to launch in Japan by 2030
Polymarket has revealed plans to secure regulatory approval for its prediction market platform to launch in Japan by 2030.In an effort to expand its prediction market...
Indian authorities block users’ access to Polymarket
The government of India has introduced new restrictive measures against prediction markets by blocking local users’ access to Polymarket’s website.The decision to impose...
Rhode Island AG files lawsuit against Kalshi and Polymarket
The Attorney General of Rhode Island, Peter Neronha, filed a lawsuit on May 21 against Kalshi and Polymarket, accusing the platforms of offering illegal sports betting under...