New York sues prediction market platform Kalshi alleging 'illegal gambling operation'
Read full article: New York sues prediction market platform Kalshi alleging 'illegal gambling operation'New York officials have sued prediction market platform Kalshi for potentially billions of dollars, calling it an āillegal, unlicensed gambling operationā as the state seeks to halt its operations and force the company to forfeit its profits.
Minnesota's first-in-the-nation law banning prediction markets is halted in federal court
Read full article: Minnesota's first-in-the-nation law banning prediction markets is halted in federal courtA federal judge has temporarily blocked Minnesota's law banning prediction markets, which was set to take effect Saturday.
Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same
Read full article: Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the sameClinicians who treat gambling disorders are concerned about their patients turning to prediction markets.
Arizona hits Kalshi with criminal charges, escalating fight between states and prediction markets
Read full article: Arizona hits Kalshi with criminal charges, escalating fight between states and prediction marketsArizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business within its borders.
Utahās anti-gambling tradition meets Kalshi and Polymarket in a new legal fight
Read full article: Utahās anti-gambling tradition meets Kalshi and Polymarket in a new legal fightUtah has found itself at the forefront of a states' rights battle between itself and prediction markets like Kalshi and Polymarket.
