By SectorWire desk ·
The report said that a federal judge ruled Utah can enforce its gambling laws against prediction markets. The ruling concerns platforms including Kalshi and Polymarket.
The ruling allows Utah to pursue state gambling-law enforcement against the platforms.
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The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
BetMGM's iGaming revenue exceeded its online sports betting revenue, giving investors a comparison of the operator's two businesses.
Investors assessing election betting growth must consider that Polymarket’s busiest 1% of wallets generated 70% of congressional trading volume.
Ohio’s request puts disputed state and federal authority over sports prediction market operators before the Supreme Court.
Sports trading helped prediction market operators exceed their previous monthly volume record.