Kalshi’s advertisements describe sports betting as legal in California, Texas and all 50 states, according to the report. The company is federally regulated by the Commodity Futures Trading Commission, while it has argued in court that it does not offer sports betting.
The advertising claim may affect how operators assess Kalshi’s competition in states without state-authorised sports betting.
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DraftKings plans to launch DraftKings Sports & Casino, an app combining its sportsbook, online casino, predictions and online lottery services, with the first rollout ahead of March Madness. Availability will differ by state, and daily fantasy sports will remain separate; CEO Jason Robins announced the plan at the company’s 2026 Virtual Investor Day.
Penn Entertainment replaced ESPN Bet with theScore Bet across its 21 online sports betting states on Monday, following the early end of its partnership with Disney. Penn said existing users’ accounts, balances, settings and open wagers transferred to the new brand; DraftKings is now ESPN’s official sportsbook partner.
FanDuel said its Predicts platform is now available in all 50 US states, while sports contracts are offered in 18 states. The company said it would not offer sports contracts where it already operates a sportsbook; the platform was developed with CME Group.
TD Cowen analysts said states may continue to prevail in legal disputes over prediction markets, despite CFTC involvement. Their assessment preceded a Tennessee judge’s decision granting Kalshi a preliminary injunction; the report also said Crypto.com’s Nevada case could reach the US Supreme Court, with a decision potentially coming in early 2028.
The American Gaming Association forecast on 30 January that legal bets on the Super Bowl between the Seattle Seahawks and New England Patriots would total US$1.76bn in the United States, about 27% more than a year earlier. AGA president and chief executive Bill Miller linked the projection to growth in regulated sports betting; a separate AGA study reported concerns about consumer understanding and responsible-gambling tools on prediction-market platforms.