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Independent & editorially reviewed Odds & offers updated July 16, 2026
Archive
The CFTC and Justice Department are investigating former Rep. George Santos over allegations he placed bets on Kalshi that contradicted his public statements about attending Trump's State of the Union address, potentially profiting from the resulting odds shift.
Wednesday's Senate Commerce subcommittee hearing made one thing clear: Congress is not done with prediction markets, and federal legislation targeting Kalshi and Polymarket may be closer than the industry expects.
Kalshi has made a million, two-year investment in the NCPG to advance trader health and safety, becoming the first prediction market firm to join the council under a new Financial Services and Trading category.
The New York State Gaming Commission issued a public warning alerting residents that prediction market platforms and sweepstakes casinos may be operating outside state gaming law.
Four New Mexico tribes filed a federal lawsuit against Kalshi, arguing its sports event contracts are functionally indistinguishable from casino-style sports betting and violate gaming compacts that give tribes exclusive gaming rights.
Five members of Congress sent letters to the CEOs of ten sportsbook and prediction market companies on May 11, demanding information about how their platforms target users aged 18-24 and requesting a briefing by May 29.
Kalshi posted $14.8 billion in trading volume in April 2026, a record month and a staggering sign of how fast prediction markets are growing. Here's what that means for traditional sports betting.
Kalshi is proactively rolling out consumer protections drawn from the bipartisan Prediction Market Act of 2026 — before the bill has even come up for a vote. Here's what's actually changing for users.
Warren Buffett just called prediction markets gambling at Berkshire's annual meeting — here's what his exact words mean for everyday Kalshi and Polymarket users.
Blask data shows Robinhood's prediction market share sits at just 0.24% — but its 983% year-over-year growth rate is the fastest in the entire category.
The Minnesota Senate voted 56-10 on April 30 to ban prediction market wagering. Here is what the bill targets, where the House stands, and what Kalshi and Polymarket users in Minnesota need to know now.
Brazil just became the most significant regulated market in the world to ban prediction platforms outright. Polymarket, Kalshi, and 25 other services were blocked overnight — and the reasoning has implications far beyond Latin America.
