Regulation
Arkansas sues Kalshi, says Razorbacks bets are gambling
Arkansas's attorney general has sued Kalshi, calling its Razorbacks betting markets illegal gambling.
Country
United States
Every PollBet story about betting in the United States: the regulator, the courts, tax & the operators, newest first, each with its sources.
Politics
Andrews stuns South Carolina, blindsiding prediction markets
Democrat Annie Andrews beat Darline Graham in South Carolina, a result prediction markets had not favoured.
Regulation
New York AG takes Kalshi to court over ‘no house’ ads
New York's attorney general has gone to court to force Kalshi to hand over its influencer & market-making records.
Politics
Traders price Democrats at 94% to take the House
Political trading volume has cooled sharply since the 2024 election, according to Bloomberg.
Regulation
Illinois’s prediction market tax frozen by judge
A federal judge has barred Illinois from taxing or licensing CFTC-regulated prediction markets, & the state is appealing.
Regulation
Utah charges Kalshi bosses, rivals pull back contracts
Fanatics, DKeX & FanDuel Predicts are restricting Utah access to prediction contracts after Utah charged Kalshi executives.
Markets
Robinhood’s event contract revenue up 6x as crypto slumps 55%
Robinhood's prediction markets business out-earned its crypto arm in the third quarter.
Crypto
Traders price Anthropic topping Bitcoin’s value at up to 79%
Polymarket traders put up to 79% odds on Anthropic's valuation topping Bitcoin's market cap before 2026 ends.
Regulation
Democrats accuse X of blocking reports on Polymarket ads
Four Democratic senators say X lets users report every advertiser except Polymarket.
Regulation
Utah files criminal charges against Kalshi’s CEO & COO
Utah has filed criminal charges against Kalshi's CEO & COO over alleged illegal gambling.
Regulation
Kalshi & Polymarket’s fate hangs on CFTC’s 10-state war
The CFTC is suing 10 states over who regulates prediction markets, & its chair says he'll take the fight to the Supreme Court.
Markets
Kalshi’s valuation hits $40bn as it builds beyond betting
Kalshi raised $1bn at a $40bn valuation, nearly double its May price, as it pushes into stock perpetuals & compute markets.