Fanatics is shutting down its prediction markets in Utah following legal scrutiny. The company will withdraw its platform on November 4, 2026, amid ongoing litigation involving Kalshi.
Utah's Attorney General has filed felony charges against prediction market platform Kalshi and its founders, citing violations of the state's gambling laws. Kalshi plans to contest the charges, as it did in Arizona.
The Seminole Tribe of Florida has filed a lawsuit against DraftKings, alleging that the company's prediction market offerings violate the tribe's exclusive compact with the state to offer online sports betting.
Ohio has issued cease-and-desist orders to 10 prediction market operators, citing violations of state law. The operators include Underdog, Robinhood, Polymarket, Coinbase, Novig, Gemini, Titan, ProphetX, WeBull, Plus500, Moomoo Financial, and Kalshi.
A federal judge in Illinois has temporarily blocked the state from enforcing certain gambling laws against Kalshi's sports event contracts. The decision comes as part of an ongoing legal battle over the regulation of prediction markets.
The National Council on Problem Gambling (NCPG) has issued a statement addressing the controversy surrounding its acceptance of a donation from Kalshi, a prediction market platform. The NCPG maintains its focus on reducing gambling-related harm, regardless of legal definitions.
Missouri's Attorney General has sent cease-and-desist letters to six prediction market companies, including Polymarket and Kalshi, accusing them of offering illegal sports wagering through event contracts.
Sydney Sweeney and LeBron James have sparked controversy with their recent endorsements of prediction markets, while regulatory challenges loom large.
A federal court has allowed Utah to continue enforcing its gaming laws against Kalshi, denying the company's request for an injunction. Kalshi argued it operates under federal regulation, but the court sided with Utah.
Pragmatic Play has announced a major partnership with Kevin Hart for a live casino event. Meanwhile, Kalshi has permanently banned George Santos for political trading.
Parlay bets are a popular form of sports betting that involve multiple selections combined into one bet. Learn how they work and why they are so popular.
Two Mississippi State student-athletes have been disciplined for betting on professional sports events using the Kalshi platform. They will undergo further rules training.
The Nevada Council on Problem Gambling has severed ties with the National Council on Problem Gambling due to a controversial partnership with Kalshi. The decision comes amid ongoing litigation and regulatory concerns.
Flutter Entertainment's CEO Peter Jackson is stepping down, and Kalshi faces legal troubles in Utah and New York. Flutter's new CEO will be Dan Taylor, an insider with a strong track record.
A Utah judge has dismissed Kalshi's lawsuit, ruling that state gambling laws apply to its prediction market platform. The decision marks another challenge for Kalshi in the United States.
The state of New York has filed a lawsuit against Kalshi, alleging that the prediction market firm is operating illegally. The lawsuit seeks to stop Kalshi's operations in New York, pay restitution to residents, and forfeit profits.
A University of Tennessee student worker used the prediction market platform Kalshi to place a Super Bowl trade, violating NCAA rules. The student acted on behalf of a friend and was unaware of the policy.