The deals arrive as the prediction markets face a nationwide legal battle with several state governments that contend such betting belongs more appropriately under the power of their gambling laws. Three major federal court decisions have landed on both sides of the issue, with two… Read More
The market has grown from its roots in elections into sports, economic data and short-term price bets. Robinhood entered the business through a partnership with Kalshi, a federally regulated prediction market exchange, and has since made event contracts a growing part of its trading platform.… Read More
Alternative investment vehicles such as exchange-traded funds (ETFs), led by BlackRock’s IBIT, hold sway over bitcoin’s price. That is well known by now. But another ETF from the betting world has been moving in lockstep with bitcoin’s BTC$80,984.66 cycles since 2020, with an interesting pattern… Read More
MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the legacy sportsbook model is… Read More
A state judge in Nevada extended a temporary ban on prediction market provider Kalshi’s sports-related contracts in the Silver State on Friday. Judge Jason Woodbury in the First Judicial District Court told attorneys at a hearing in the Carson City courthouse that he would also… Read More
Kalshi is now under a two-week restraining order barring bets in Nevada while a legal debate proceeds over the longer-term status of prediction markets there. The First Judicial District Court of Nevada issued a 14-day order on Friday, directing the platform to cease offering event… Read More
