Prediction Markets News - Casinojournal

Illinois Takes Prediction Market Fight to Seventh Circuit After Judge Blocks Its License and Tax

Illinois has appealed a federal injunction that bars it from licensing, taxing or prosecuting sports event contracts on CFTC-regulated exchanges such as...

Michael Johnson

November 3, 2026

Kalshi Sues Missouri in Federal Court After Attorney General Orders It to Stop Sports Contracts

Kalshi has sued Missouri in federal court, arguing the state cannot regulate its sports event contracts, six weeks after Attorney General Catherine...

Michael Johnson

November 1, 2026

37 States Back Utah Against Kalshi in Appeals Court as Company Raises $1 Billion at $40 Billion Valuation

A bipartisan group of 37 attorneys general has told the Tenth Circuit that federal commodities law does not override Utah's gambling ban,...

Michael Johnson

October 30, 2026

Utah Files 14 Criminal Charges Against Kalshi and Its Co-Founders Days After CFTC Sues State

Utah Attorney General Derek Brown has charged Kalshi and co-founders Tarek Mansour and Luana Lopes Lara with felony gambling promotion, built on...

Michael Johnson

October 29, 2026

Federal Government Sues Utah to Stop Its Gambling Case Against Kalshi, Claiming Exclusive CFTC Power

The United States and the CFTC have filed a 33-page federal lawsuit asking a judge to stop Utah from enforcing its gambling...

Michael Johnson

October 28, 2026

Kalshi Sues Louisiana in Federal Court to Block Gambling Law Enforcement Against Sports Contracts

Kalshi has sued Louisiana's governor, attorney general and gaming regulators in federal court, asking a judge to block enforcement of the state's...

Michael Johnson

October 27, 2026

New York Gaming Commission Asks Court to Force Kalshi to Answer Subpoenas on Under-21 Users and Ads

New York's Gaming Commission has asked a Manhattan court to compel Kalshi to comply with subpoenas on its sports contracts, users under...

Michael Johnson

October 26, 2026

CFTC Tells Novig and ProphetX Not to List Micro and Scorigami Sports Contracts

The Commodity Futures Trading Commission has sent letters telling prediction market exchanges Novig and ProphetX not to list sports contracts they had...

Michael Johnson

October 25, 2026

CFTC Writes Its Prediction Market Line Into Law: Event Contracts Are Swaps, Sportsbook Bets Are Not

An interim final rule now in force says state- and tribe-licensed gambling is outside federal derivatives law, while a companion proposal would...

Michael Johnson

October 19, 2026

Utah Sues Kalshi in State Court, Seeking to Shut It Out and Recover Up to $61 Million in Fees

After winning in federal court, Utah Attorney General Derek Brown has filed a 63-page state lawsuit that calls Kalshi's prediction market an...

Michael Johnson

October 20, 2026

Prediction Markets

Articles