
Illinois blocked from enforcing betting law on Kalshi & Coinbase
A federal judge has blocked Illinois from enforcing its sports-wagering licensing scheme against Coinbase & Kalshi.
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A federal judge has blocked Illinois from enforcing its sports-wagering licensing scheme against Coinbase & Kalshi.

Traders price Democrat Peggy Flanagan well above her polling lead in Minnesota's Senate race.

New Jersey has asked the Supreme Court to decide whether prediction contracts are derivatives or gambling, with $53bn a month in trading at stake.

Kalshi traders now price a 2027 US recession at a record-low 20%, down from highs of more than 30% to 50% earlier in 2026.

Polymarket is challenging the Dutch gambling regulator in court over a €420,000-a-week fine for unlicensed activity.

Traders pushed the odds of Sánchez being the next European leader out to 50%, up from 6% a day earlier.

California governor nominee Xavier Becerra has returned $89,200 in donations from Kalshi & Underdog Sports Holdings amid conflict-of-interest scrutiny.

Traders now price Flavio Bolsonaro at 90% to top Brazil's first-round vote, up from 29% a day earlier.

Kalshi traders price a 56% chance Bill Belichick is out at North Carolina by February.

Cathie Wood has added Kalshi to her ETF strategies, praising its management as prediction markets gain investor attention.

Prediction-market liquidity provider Raven has more than tripled its valuation to $90 million in a round led by Coinbase Ventures & CMCC Global.

Coinbase, the CFTC & Kalshi are fighting Illinois in federal court after a cease-&-desist letter & new prediction-market trading fees.