Regulation
Utah files criminal charges against Kalshi’s CEO & COO
Utah has filed criminal charges against Kalshi's CEO & COO over alleged 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.
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.
Politics
Traders price Talarico 67.5% to flip Texas Senate seat
Prediction markets give Rep. James Talarico a 67.5% chance of beating Attorney General Ken Paxton for the Texas Senate seat.
Markets
Coinbase’s prediction bet grows 82% a quarter
Coinbase says its prediction markets arm now runs at over $200m a year, growing 82% a quarter since launch.
Regulation
Kalshi sues Missouri, calls cease-&-desist impossible to meet
Kalshi has sued Missouri, arguing the state's licensing demands leave it no realistic way to comply.
Regulation
Trump admin sues Utah to shield Kalshi after state’s win
The CFTC has sued Utah to stop the state enforcing its gambling ban against Kalshi.
Regulation
Polymarket pulls sports from Michigan, joins three rivals
Polymarket has agreed to stop offering sports event contracts to Michigan customers, following Kalshi, Robinhood & Coinbase.
Sports
Eagles star Barkley says NFL forced Polymarket stake sale
Saquon Barkley says NFL rules forced him to sell his stake in Polymarket.
Sports
NFL blocks players from Polymarket & Kalshi investments
Saquon Barkley says the NFL made him sell his stake in Polymarket under its gambling policy.
Markets
Kalshi bets $10m+ on boxer Canelo to win Spanish-speaking users
Kalshi reportedly gave boxer Canelo Álvarez more than $10m in equity to become an ambassador.
Markets
Robinhood prediction bets top crypto revenue, $173m vs $120m
Robinhood's prediction markets business overtook crypto trading as its revenue source in the third quarter.