Kalshi announced on 7 April that its prediction market data will be integrated into FOX News Media properties and the FOX One streaming platform. The agreement covers FOX News Channel, FOX Business Network and FOX Weather, with Kalshi working with FOX data and production teams on visualisations and on-air integrations.
The agreement gives Kalshi another media partner for distributing its prediction market data to news audiences.
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Connecticut's Department of Consumer Protection issued cease-and-desist orders to nine prediction market platforms over sports event contracts offered to residents. The platforms include Polymarket, Coinbase, Crypto.com, Robinhood, ProphetX, Novig, Webull, Gemini and Underdog Predict.
Eight major prediction market platforms recorded $3.12bn in trading volume on the first Sunday of the NFL season, according to the report. Kalshi reported $2.433bn in volume that day, while individual NFL contracts on the platform generated more than $590m during the opening week.
Reportedly, Connecticut took enforcement action against nine prediction-market platforms on Thursday. Its news roundup also covered higher first-half earnings at Playtech, FATF money-laundering indicators related to gambling and another FanDuel prediction-market partnership.
The Ninth Circuit backed states’ authority to apply gambling rules to prediction platforms. The decision challenges platforms’ argument that federal commodities regulation protects them from state oversight. The report says 44 state attorneys general are pressing for stricter limits.
A newly introduced Pennsylvania bill would add a section to state law regulating prediction market platforms, according to the available report.