SectorWire
SearchGet the daily briefing
Menu

Hawaii committee advances bill to classify event contracts as gambling

Regulation

Hawaii’s House Consumer Protection and Commerce Committee recommended on 5 February 2026 that HB 2198 pass with amendments, in an 11–0 vote. The proposal would bring trading in event-based contracts within the state’s definition of gambling and is due to go to the Judiciary Committee; if enacted, it would take effect on 1 July 2026.

If enacted, the measure would explicitly bring a broad range of event contracts under Hawaii’s gambling law.

Request a correction

Keep reading

Regulation

Kalshi cases await Supreme Court review decision over sports event contracts

The US Supreme Court has yet to decide whether to review prediction market litigation involving Kalshi. Legal observers warned that declining review could leave conflicting appeals court decisions unresolved and operators facing separate state disputes over the regulatory status of sports event contracts.

A report dated 12 October 2026 notes that the justices have so far given no indication of whether they will take up the Kalshi prediction market disputes. In the view of legal observers quoted in that report, refusing the petitions would probably push operators into a state-by-state contest over sports event contracts that varies from jurisdiction to jurisdiction.

Continue reading