South Carolina claimant sues Polymarket and DraftKings Predictions over gambling laws
The case tests whether prediction-market products fall under South Carolina gambling law, a question affecting operators offering event contracts in the state.
All news
Reports
IG Group CEO flags regulatory risk around prediction markets
Unresolved event-contract rules leave IG Group's $1.3bn Underdog deal exposed to regulatory change in its prediction-market operations.
Mets name Novig exclusive prediction market partner
Novig gains exclusive prediction-market status and promotion through the Mets’ stadium, broadcast and social channels.
Kalshi and Polymarket record $44.8bn in June notional volume
Investors should note the report identified sports events as a principal source of prediction market activity across the platforms' combined June notional volume.
Polymarket announces Eventual media company for prediction market coverage
The venture ties prediction-market pricing to news coverage, a model that could affect how operators and regulators frame such products.
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.
New York launches lawsuit against Kalshi
New York sued Kalshi amid conflicting rulings on federal preemption, adding to prediction-market legal uncertainty.
Betsson's Tino says Lazio-Polymarket exit reinforces regulated market credibility
The case signals that operators and clubs face scrutiny over unlicensed-brand sponsorships in Italy's regulated market.
Betsson's Tino says Lazio-Polymarket case will deter similar sponsorships
Tino says the Lazio-Polymarket case will deter clubs and brands from similar partnerships after ADM blocked Polymarket.
Novig partners with New York Mets as prediction market operator
The deal gives Novig a branded presence across the Mets’ channels while prediction market participation expands into MLB.
New York Mets sign multi-year Novig prediction market deal
The deal gives a prediction market platform direct access to an MLB franchise's fans and media channels, a model other teams and operators may follow.
New York attorney general sues Kalshi over gambling allegations
New York's attorney general sued Kalshi, alleging the prediction market platform operates an illegal gambling business.
Fanatics responsible gaming executive criticises prediction-market safeguards
Fanatics' responsible gaming head argued prediction markets lack safeguards required of state-licensed gambling operators.
Results
Coinbase increases quarterly prediction-market revenue 106%
Coinbase's prediction-market revenue rose 106% from the first quarter amid weaker cryptocurrency business conditions.
Waterhouse VC newsletter examines prediction markets' effect on betting economics
Prediction markets could reshape the margin structure that sportsbook operators rely on for revenue.
New York sues Kalshi over alleged illegal gambling operations
The state seeks to stop Kalshi’s service and impose financial remedies over alleged unlicensed gambling.
Tribal gaming groups seek changes to Clarity Act
Tribal groups urging senators to oppose the Clarity Act seek to preserve state and tribal gambling oversight.
Acquisition
IG Group agrees $1.1bn acquisition of Underdog
The deal would combine retail trading, sports gaming and prediction markets for IG Group.
Tucumán lawmakers propose dedicated gambling treatment funding
The draft earmarks gaming transfers for mental health and addiction programmes, plus a support line.
Binance.US plans CFTC application for prediction markets
The planned application would seek regulatory permission for Binance.US prediction markets.
New York sues Kalshi over unlicensed prediction-market gambling
The case could determine how New York applies its gambling laws to Kalshi’s prediction markets.
FanDuel and DraftKings seek dismissal of Pennsylvania gambling lawsuit
The court’s decisions could affect how operators handle customer claims involving gambling addiction and promotional offers.
Licence
Oddin.gg receives Kansas and Wyoming approvals
The approvals expand the supplier's access to regulated esports betting customers.
DraftKings faces lawsuit alleging prediction products breach California gambling rules
The suit tests whether prediction products count as sports betting under California rules.
Sixth Circuit hears Kalshi arguments involving Ohio and Tennessee
The Sixth Circuit's silence leaves Kalshi's Ohio and Tennessee access legally unsettled.