Is it gambling or a derivative market for investors? The head of the federal agency overseeing prediction markets said state ...

Nevada first issued a cease and desist order directing Kalshi to halt sports-related markets within the state in March last year. Kalshi responded with a federal lawsuit and was subsequently granted a ...

Nevada has escalated its confrontation with prediction market operator Kalshi on Tuesday after a federal appeals court ...

Dow Jones Top Company Headlines at 3 AM ET: Glencore's Earnings Fall Despite Second-Half Recovery | BAE ... Performance reflected lower energy and steelmaking coal prices partially offset by stronger ...

The US state of Nevada has sued Kalshi after the prediction market company lost its court challenge to stop the state’s regulator from taking action over its sports prediction markets. The US Court of ...

Commodities Futures Trading Commission chair Michael Selig argued prediction platforms are federally regulated, as more ...

Dow Jones Top Financial Services Headlines at 12 AM ET: Fed's Goolsbee Says Future Rate Cuts Depend on Inflation Progress | ...

Nevada gaming regulators have filed a lawsuit against prediction market operator Kalshi, seeking to block it from offering ...

Nevada gaming regulators filed a lawsuit on Tuesday seeking to block prediction market operator Kalshi from offering events ...

Utah Governor Cox spoke out today against prediction markets after the Commodity Futures Trading Commission (CFTC) filed an ...

Polymarket and Kalshi and other prediction markets allow participants to buy and sell contracts tied to the probable outcome of an event, but most of their business involves betting on sports.

Control board lawyers say the company’s sports contracts are unlicensed wagering, which harms the public and poses an existential threat to the gaming industry.