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Independent & editorially reviewed Odds & offers updated September 3, 2026
Archive
Polymarket's regulated U.S. exchange is beta-testing parlay-style "combinatorial" contracts, months after Kalshi's combo bets surged past $13.7 billion in monthly volume.
Baltimore filed lawsuits against Kalshi and Polymarket, alleging the prediction market platforms are running unlicensed sportsbooks and disputing the CFTC's claim to exclusive regulatory authority.
Nine Democratic senators are pressing the CFTC to crack down on prediction markets offering wildfire bets, warning the contracts could incentivize arson as fire season intensifies.
A gaming law expert says the 1978 Interstate Horseracing Act gives racing stronger legal protection against prediction markets like Kalshi and Polymarket than other forms of wagering.
Polymarket lands exclusive US streaming rights to roughly 20,000 ATP Tour and Challenger matches per season as part of a new deal naming it the tour's official prediction market provider.
Polymarket is reportedly in talks to raise fresh funding at a valuation exceeding $20 billion, following $1 billion in annualized revenue and a fast-growing regulated US exchange.
New Jersey's casino industry has asked the CFTC to prohibit Kalshi and Polymarket from offering sports-related prediction market contracts.
Liga MX has signed Polymarket as its exclusive prediction market partner in the US, a significant sponsorship deal that connects one of the world's most popular soccer leagues with the growing prediction markets industry ahead of the World Cup.
The federal agency that oversees prediction markets has released its most detailed framework yet — one that preserves most sports contracts but draws new lines around manipulation-prone bets.
The 300,000-member hospitality workers union Unite Here has thrown its weight behind federal legislation that would explicitly classify prediction markets as gambling and ban sports event contracts, warning that platforms like Kalshi are putting casino jobs at risk.
A Google software engineer is accused of exploiting internal search trend data to rack up more than $1.2 million in prediction market profits before the data was ever made public.
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.
