Connecticut orders nine prediction platforms to stop sports contracts
The orders require affected platforms to stop offering sports contracts and give Connecticut customers access to their funds.
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Reports
Coinbase selects ION platform for Kalshi event-contract clearing
Coinbase’s selected platform automates contract creation, resolution, settlement and reporting for Kalshi prediction-market products.
Connecticut orders nine prediction-market operators to stop offering sports contracts
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.
Robinhood agrees to end Michigan sports-contract positions by 9 October
Robinhood’s Michigan sports-event contracts face restrictions while related court proceedings remain unresolved.
Robinhood agrees to withdraw sports event contracts from Michigan pending litigation
Robinhood’s sports event contracts remain withdrawn from Michigan at least until the Sixth Circuit rules on related appeals.
National Betting Authority schedules ninth Safer Gambling Week for October
The campaign sets out the NBA’s planned safer-gambling outreach and focus for the week.
Kalshi CEO disputes Ninth Circuit ruling and signals possible NFL and NBA agreements
Mansour disputed the court’s description of Kalshi and said agreements with the NFL or NBA were under consideration.
DraftKings launches in California as Kalshi recruits lobbyists
Kalshi is lobbying to maintain California platform access as DraftKings goes live in the state.
CFTC committee examines prediction market manipulation risks
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
CFTC advisory committee debates prediction-market contract safeguards
The debate concerns how contract oversight may affect prediction-market operators and the boundary between derivatives and gambling rules.
White House hosts Kalshi and Polymarket ahead of CFTC advisory meeting
The discussions concern whether sports-related event contracts require state betting licences or fall under federal oversight.
US authorities charge 34 defendants in connected poker and NBA betting investigations
The alleged use of confidential player information concerns wagers placed through online sportsbooks and retail betting operations.
CFTC intervenes in Kalshi New York case as state challenges widen
Prediction-market operators face widening state litigation and access restrictions that could reshape how exchanges offer event contracts across US jurisdictions.
NYC Council probes four prediction markets over advertising
The probe adds regulatory scrutiny for prediction-market operators in New York, with user and marketing disclosures now requested from four platforms.
seed
River Markets raises $8.5m in seed round
The seed round gives a newly formed trading and portfolio supplier backing from participants linked to Coinbase and Novig.
ProphetX and Pikkit agree US sports prediction-market integration
The agreement adds an exchange-based route for eligible Pikkit users to trade sports event contracts.
Connecticut judge denies Kalshi and Coinbase temporary relief
Kalshi and Coinbase were left without temporary relief against state regulators after the order.
Connecticut judge denies Kalshi preliminary injunction in sports prediction market case
The ruling keeps Connecticut's state gambling framework in force for prediction-market operators pending further litigation.
AIEJA backs Mexican government action against illegal slot machines
The position signals industry support for enforcement while distinguishing licensed businesses from illegal operations.
Acquisition
IG Group agrees to acquire Underdog in deal valued at up to $1.3bn
The acquisition would combine a British trading firm with a US prediction market operator claiming third place in regulated notional volume.
US sportsbooks take $6.8bn in June wagers as revenue falls
Lower sportsbook hold reduced June revenue and state tax collections across several reported markets.
Results
Coinbase increases quarterly prediction-market revenue 106%
Coinbase's prediction-market revenue rose 106% from the first quarter amid weaker cryptocurrency business conditions.
WNBA removes X video of Reese and Bueckers in $400 wager
The episode tests how the WNBA enforces its wagering rules against players while sportsbooks increasingly market WNBA betting to female customers.
NBA challenges CFTC prediction-market rulemaking
The letter adds basketball’s objections to the federal prediction-market rulemaking process.
ProphetX and Players’ Lounge add CFTC-regulated sports prediction markets
The partnership adds federally regulated sports event contracts to Players’ Lounge for eligible users in participating US jurisdictions.