New York sues Kalshi over illegal gambling operations
On July 31, 2026, the state of New York filed a case against prediction market Kalshi, accusing the platform of running an illegal and unlicensed gambling operation and...
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DraftKings Predictions sued over state gambling law breaches
A class action lawsuit filed in Massachusetts has accused DraftKings of offering illegal sports betting by disguising its prediction market products as event contracts.
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CFTC’s bid to block Wisconsin prediction markets ban denied
On July 29, 2026, a federal judge denied the Commodity Futures Trading Commission’s (CFTC) request for a preliminary injunction to block Wisconsin from implementing state...
Sports betting companies spend $72M on US midterm elections
Major online sports betting companies including FanDuel, DraftKings, Fanatics, and bet365 have spent more than $72 million on the midterm elections in the United States,...
Federal judge reverses Minnesota’s prediction markets ban
On July 27, 2026, a federal judge cancelled Minnesota’s SF 3432 from coming into force, which was set to criminalize prediction markets in the state as a first-of-its-kind...
Kalshi loses second injunction bid in New York court
On July 27, 2026, a federal court in New York denied Kalshi’s emergency injunction bid against state officials, which aimed to block regulators from applying state gambling...
Pennsylvania proposes prediction markets regulatory framework
On July 22, 2026, Pennsylvania lawmakers introduced HB 2711, which aims to create a new regulatory framework for prediction markets, as opposed to the wider trend in U.S....
Nevada proposes bill to ban sports event contracts
Nevada Congressmen have introduced a bipartisan bill seeking to ban sports prediction market contracts, arguing that they resemble sports betting and casino-style gambling.
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Crypto.com’s OG prediction market sues Washington
Crypto.com’s prediction market platform OG has filed a federal lawsuit against the Attorney General of Washington and the Washington State Gambling Commission (WSGC), asking...