Utah Attorney General Files Lawsuit Against Kalshi, Seeking Up to $60 Million
Utah Attorney General Derek Brown has announced a civil lawsuit against prediction market operator Kalshi, alleging the platform illegally offered gambling products to Utah residents. The state is seeking the disgorgement of an estimated $30 million to $60 million in revenue generated from Utah users since 2024, with the final amount to be determined More...
Prediction Markets Post First $11 Billion Weekend
The prediction market sector crossed a significant threshold over the weekend of October 17–18, 2026, recording combined trading volume above $11 billion across major platforms – the first time the industry More...
Kalshi Could Be Pushed Offshore Warns CEO
Kalshi co-founder and CEO Tarek Mansour has warned that state-led regulation of prediction markets could drive the rapidly growing sector and its users toward unregulated offshore platforms. His comments come amid More...
BetMGM Posts Q3 Net Revenue of $710 Million, Up 7% Year-over-Year
BetMGM has reported net revenue of $710 million for the third quarter of 2026, representing a 7% increase compared with the $667 million recorded in the same period last year. The result, disclosed in the joint More...
New York Posts Second $600 Million Weekly Betting Handle of 2026
New York’s online sports betting market has opened October with sustained momentum, recording its second weekly handle above $600 million within the first four weeks of the 2026 NFL season. The figures, published More...
Ohio Leads 39-State Coalition Urging Supreme Court Review of Prediction Market Case
Ohio is spearheading a bipartisan coalition of 39 states and the District of Columbia asking the U.S. Supreme Court to decide whether state gambling laws apply to sports event contracts traded on federally regulated More...
Seminole Tribe of Florida Sues DraftKings, Alleging Illegal Sports Betting Through Prediction Markets
The Seminole Tribe of Florida has filed a lawsuit against DraftKings, alleging that the company’s prediction market offerings in the state constitute unlicensed, illegal sports betting and violate the terms More...
DraftKings and FanDuel Deepen Investment in Nebraska’s Online Sports Betting Ballot Push
DraftKings and FanDuel have each contributed an additional $3.5 million to the campaign to legalize online sports betting in Nebraska, bringing total fundraising for the effort to approximately $14.65 million. The More...
Kalshi Sets Back-to-Back Daily Volume Records as Sector Trading Tops $9 Billion
Kalshi posted all-time daily notional volume highs on consecutive days over the first weekend of October, capping a stretch in which combined prediction-market trading surpassed $9 billion. The performance underscores More...
Novig Valuation Quadruples to $2 Billion as Prediction Markets Draw Investor Interest
Novig, the sports-focused prediction-market platform, has closed a new funding round that values the company at approximately $2 billion, quadrupling its valuation from earlier this year, according to reports from More...