A roundup published on 24 June 2026 covered regulatory developments in Illinois, North Carolina, Alberta and other North American jurisdictions. Its summary cites advertising restrictions in Canada and further lawsuits involving prediction markets.
The developments may affect advertising rules and the legal position of prediction markets across several North American markets.
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Kalshi Chief Executive and co-founder Tarek Mansour said the company's legal challenges reflect resistance from established gambling businesses as prediction markets grow. New York has sued Kalshi, alleging its event contracts breach state gambling law; Kalshi maintains that the CFTC, rather than state regulators, oversees its markets.
Nevada senators Jacky Rosen and Catherine Cortez Masto urged a Senate appropriations panel to bar the CFTC from using federal funds to sue states and tribes regulating prediction platforms. In a late June letter, they argued the lawsuits risk addiction and underage exposure to betting products and infringe on state and tribal authority.
Seventeen Democratic senators asked a Senate appropriations subcommittee to bar the CFTC from using federal funds for lawsuits over prediction markets. The CFTC has sued nine states, arguing it has sole jurisdiction over the operators, while the senators say states should retain authority to regulate gambling.
Nevada’s attorney general’s office has argued before a federal appeals court that Kalshi’s acceptance of a North Carolina trading revenue tax acknowledges state regulatory power. The office contends that this position also subjects Kalshi to Nevada’s tax provisions.
North Carolina's $34bn budget, signed by Governor Josh Stein in July, includes a 6% tax on prediction market operators' net trading fee revenue, citing WFAE. The tax takes effect in January and is expected to raise about $1m in the 2026-27 fiscal year. The measure adds to debate over election-related contracts on platforms such as Kalshi and Polymarket.
According to, citing WFAE, North Carolina's new spending plan imposes a 6% levy on the net trading fee revenue of prediction market operators. The measure takes effect in January.