The National Basketball Association has partnered with prediction markets Kalshi and Polymarket, launching an integrity framework and gaining regulatory oversight.
Polymarket has filed a lawsuit against Ohio, arguing that the state's sports betting regulations violate the Commerce Clause. The prediction market also faced backlash for facilitating trades on high-profile cases.
Tilman Fertitta's acquisition of Caesars Entertainment has been approved by shareholders, while MGM Resorts International is reportedly considering a reverse buyout of People, Inc. Additionally, Betfred ends support for the Super League, and Missouri targets prediction market platforms.
Kalshi, a prediction market platform, is under fire for alleged wash trading in its cryptocurrency markets. The company denies the accusations, but industry observers remain skeptical.
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.
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.
A federal judge has temporarily halted Minnesota's ban on prediction markets, siding with platforms Kalshi and Polymarket. The judge ruled that federal regulation likely preempts state gaming laws in many respects.
Congressmen Steven Horsford and Mark Amodei introduce a bill to ban prediction markets, arguing they exploit loopholes and should follow state gaming laws. The move deepens the clash between regulators and prediction market operators.
Concerns are rising about potential betting irregularities following the overturning of Folarin Bolagun's red card during the World Cup. The Group of Copenhagen has flagged several instances of possible match manipulation, including Bolagun's case.