Underdog drops daily fantasy in 7 states over predictions clash
Underdog has revealed that it has surrendered its daily fantasy sports licenses in 7 U.S. states in order to be able to keep offering its prediction market products in those...
Prediction markets
NFL urges prediction markets to ban objectionable contracts
The National Football League (NFL) has sent a letter to multiple prediction market operators, urging them to remove specific types of event contracts that are connected to...
Michigan state court bans Kalshi’s sports markets
A Michigan court has granted a preliminary injunction against prediction market operator Kalshi, ordering the platform to shut down its sports event contracts for state...
New Jersey asks Supreme Court to rule on prediction regulations
On September 2, 2026, New Jersey filed a petition asking the U.S. Supreme Court to rule on whether states can regulate sports contracts offered by prediction market...
Polymarket hits $21B valuation with 1789 Capital’s funding round
Prediction market platform Polymarket has hit a $21 billion valuation after raising $1 billion in a new funding round led by 1789 Capital, a venture fund co-founded by Donald...
Kalshi imposes first-ever lifetime ban on George Santos
Prediction market operator Kalshi has imposed its first-ever lifetime ban on former U.S. Congressman George Santos following a federal investigation that revealed the...
British Columbia classifies prediction markets as gambling
British Columbia’s Independent Gambling Control Office (IGCO) has announced that the province will classify prediction markets as gambling products, which must be regulated...
Ninth Circuit Court rules Kalshi sports contracts as gambling
On August 28, 2028, the Ninth Circuit Court of Appeals ruled in favor of Nevada gambling regulators, deciding that Kalshi’s sports event contracts are gambling and not...
Connecticut sues Kalshi over illegal betting claims
Connecticut's Attorney General William Tong, Department of Consumer Protection (DCP) Commissioner Bryan Cafferelli, and Governor Ned Lamont shared on August 26, 2026, that...