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prediction market

Ohio Slaps Prediction Market Platform with Big Fine for Unlicensed Gaming

April 15, 2026

Ohio regulators hit Kalshi, a popular online prediction market, with a $5 million fine for running sports bets without a proper license. The state’s gambling watchdog announced the penalty in mid-April, calling out the company for ignoring rules that took effect in early 2023. Since then, Ohio has r

crypto

Who Controls Prediction Markets? Federal vs. State Debate Heats Up

April 13, 2026

The Commodity Futures Trading Commission (CFTC) is making a bold move to claim full control over prediction markets, a fast-growing sector blending cryptocurrency with event-based betting. Instead of waiting for states to set rules, the agency is suing three states— Arizona, Illinois, and Connecticu

politics

Sports leagues face new questions about their ties to betting

April 11, 2026

A US senator is asking major sports organizations tough questions about their growing relationships with gambling companies. The letter targets six leagues—NFL, NBA, NCAA, MLB, NHL, and MLS—asking for details on partnerships with sportsbooks and prediction markets. Concerns include protecting athlet

politics

New Games, New Rules: The Big Debate Over Prediction Sites

April 7, 2026

Prediction sites let people bet on almost anything, from sports scores to movie winners. They have grown fast and now attract millions of users who love the thrill of guessing outcomes. Some argue they’re just another form of gambling, while others say they offer useful data that can help businesses

business

Sports Betting Gets a Legal Twist: Who Really Controls the Game?

April 7, 2026

A recent court decision flipped the script on how sports betting might be regulated in the future. A federal appeals court ruled that prediction markets—where people bet on sports outcomes—don’t fall under state gambling laws. Instead, they’re treated like financial contracts, overseen by a federal

finance

Banks are eyeing the betting game: Prediction markets get serious

April 2, 2026

Big banks smell money in prediction markets—places where people bet on real-world events like election outcomes or sports results. Jamie Dimon, CEO of JPMorgan, casually mentioned his firm might jump in, but ruled out betting on sports or politics. Goldman Sachs is already deep in talks with leading

crypto

Crypto Company’s Betting Blunder: How a Smart‑Money Move Backfired

April 1, 2026

P2P. me, a startup that turns stablecoins into cash, made headlines for a risky decision: betting on its own fundraising round through the prediction‑market site Polymarket. The company said it earned less than $15, 000 from the bets, but the action hurt its reputation and made investors uneasy.

politics

California Stops Officials From Betting on Future Events

March 28, 2026

The governor has issued a new rule that stops state workers from using prediction markets to bet on things that could affect their jobs. This move comes after reports that some people with inside information were making large profits by placing bets before big news. The law says that anyone wh

politics

Prediction Sites Face Big Risk of New Ban

March 27, 2026

Prediction platforms that let users bet on events like elections, sports games and pop culture shows are facing a possible legal crackdown. A bill called the STOP Corrupt Bets Act is set to be filed in the Senate, while a House version will follow soon. The new law would prohibit trading on many

politics

Legislators Aim to Stop Politically‑Charged Betting

March 26, 2026

Senators and a representative introduced a new bill that would bar bets on elections, wars, and sports. The move follows recent wagers that predicted big events such as a Venezuelan president’s ousting and a Middle East conflict. Critics argue that allowing anyone to bet on government actions