Prediction Markets

Bi-Partisan ‘Prediction Markets Are Gambling Act’ Filed in Congress

Nevada Reps. Steven Horsford and Mark Amodei filed HR 9856 to classify sports prediction contracts as gambling. Here's what the bill does and its odds in Congress.

Wisconsin Warns Election Bettors They Could Lose Voting Rights

Wisconsin election officials warn voters that betting on elections through prediction markets could disqualify them from voting under state law.

Banks Embrace Prediction Markets for Clients, Ban Them for Employees

Wall Street banks are courting Kalshi and Polymarket as clients while banning employees from trading on the same prediction market platforms.

Federal Regulator Orders Kalshi To Keep Michigan Prediction Trades Active

The CFTC and Michigan are locked in a legal fight over Kalshi's sports prediction markets, with a 90-day federal review now underway.

Visa Joins Growing List of Companies Restricting Prediction Market Trading

Visa has updated its insider trading policy to prohibit employees from using nonpublic information.

North Carolina Authorizes Prediction Markets, Raises Sports Betting Tax

North Carolina became the first state to authorize prediction markets while raising its sports betting tax to 23%, creating a major regulatory divide.