Kalshi Investigates Pre-Announcement Bets on Trump’s Press Secretary Choice
Prediction platform Kalshi is looking into three modest wagers involving Katie Zacharia that are set to return roughly $9,600 following her shares trading at just…
Prediction Markets
Kalshi Loses Appeal Over Ohio and Tennessee Sports Betting Laws
A federal appeals panel decided on Friday that both Ohio and Tennessee have the right to enforce their respective sports gambling regulations against Kalshi, dismissing…
CFTC Issues Warning Over Increased Manipulation Risks in Mention Markets
The Commodity Futures Trading Commission has issued a warning stating that speculative wagers on prediction markets that hinge on whether a person will say specific…
Underdog Sues Connecticut to Prevent Crackdown on Sports Prediction Markets
Gaming enterprise Underdog has initiated a federal lawsuit against Connecticut authorities, requesting an injunction to prevent them from classifying its sports-themed event contracts as unlawful…