Kalshi
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Business
LDS Church Condemns Prediction Markets as Gambling Amid Legal Fight
The Church of Jesus Christ of Latter-day Saints has formally classified online prediction markets as gambling, escalating a cultural and…
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Business
U.S. Sports Betting Hits $166B as Prediction Markets Spark Legal War
A federal courtroom battle over whether sports prediction markets constitute gambling has fractured the U.S. legal landscape, threatening to redraw…
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Business
Buying Losing Lottery Tickets on eBay Is Tax Fraud
A three-inch stack of losing scratch-off tickets sits in a glass case at the University of North Carolina’s tax museum.…
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Sports
Victor Wembanyama Rejects Sports Betting Endorsements, Drawing Line Against NBA’s Growing Gambling Partnerships
Victor Wembanyama has drawn a definitive line between his off-court earning potential and the sports gambling industry, publicly refusing to…
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Crypto
CFTC Seeks to Redefine Event Contracts as Swaps, Escalating Prediction Market Jurisdiction Fight
The Commodity Futures Trading Commission submitted two regulatory filings to the White House on Sept. 28 designed to classify event…
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Crypto
CFTC Probes Adam Kinzinger Over Prediction Market Bets on His Own Presidential Pardon
Federal regulators are investigating whether former Republican Representative Adam Kinzinger violated commodity trading laws by wagering on prediction market contracts…
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Crypto
Decrypt Takes Center Stage as Media Partner for World’s Largest Prediction Markets Summit in New York
The prediction markets industry is getting its biggest media stage yet. Decrypt, the crypto news outlet owned by DASTAN, has…
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Crypto
Morgan Stanley Becomes First Major Bank to Publicly Back Prediction Markets as Sector Grapples With Sports Dependency
The prediction market industry has spent the better part of a year courting Wall Street, and for the first time…
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Business
Prediction markets challenge state sports betting rules as tax dispute grows
WASHINGTON — prediction markets offering sports-related contracts under federal commodities law are drawing legal challenges from states that license and…
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Crypto
Robinhood Turns From Sports Betting to Crypto Prediction Markets
WASHINGTON — Robinhood Markets Inc. is redirecting its rapidly expanding prediction-markets business from sports-themed contracts toward digital assets, treating cryptocurrency…
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