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Macro

Precision over consensus. The model's hidden assumption. The question nobody asked.

Macro

AGA sees billion-dollar tax gap as states press prediction market fight

The AGA's estimate, offered at the conference, is that states have lost more than a billion dollars in tax revenue since prediction markets scaled.

Eleanor Ashworth 5h ago
Macro

Sixth Circuit ruling shifts legal ground as CFTC backs states

Eleanor Ashworth 22h ago
Macro

Polymarket bank failure bets draw FCA intervention warning

Eleanor Ashworth 1d ago
Macro

Bill Miller Says Kalshi Processed $190 Billion in Sports Bets Tax-Free

Eleanor Ashworth 2d ago
Macro

Nevada casino regulator warns prediction market platform Kalshi

Eleanor Ashworth 3d ago
Macro

Federal appeals ruling leaves Kalshi's equity contracts exposed

Eleanor Ashworth 4d ago
Partner

Nobody knows who owns it. Everyone assumes someone does.

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Macro

Prediction markets eye equity contracts as SEC exemption opens a path

If a contract settles against a verifiable public outcome — a stock price on a given date, an index level at close — it can be structured to look less like a security and more like an event …

Eleanor Ashworth 5d ago
Macro

NCPG searches for new director after Kalshi donation fractures board

Eleanor Ashworth 6d ago
Macro

Kalshi loses federal preemption cases as circuit courts rule against it

Eleanor Ashworth 6d ago
Macro

Kalshi seeks Supreme Court review after third circuit loss

Eleanor Ashworth 7d ago
Macro

Regulators shift focus from Kalshi to Polymarket's terms of service

Eleanor Ashworth 8d ago
Macro

MGM pulls out of Caesars bid as Fertitta deal takes hold

Eleanor Ashworth 8d ago
Partner

Nobody thinks they are worth hacking. That is the appeal.

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Macro

DraftKings drops 7.6% as investors weigh Kalshi's NFL growth

6% drop on no earnings news, no regulatory action, and no executive departure is the market asking a structural question about where sports betting margin goes from here.

Eleanor Ashworth 9d ago
Macro

State gaming lawmakers ask Supreme Court to weigh Kalshi's legal status

The underlying argument is one I have watched develop in slower form before.

Eleanor Ashworth 10d ago
Macro

Ohio's addiction council exit leaves CFTC mention rules without a floor

Eleanor Ashworth 10d ago
Macro

Prediction markets surge to $7.64 billion amid volume concerns

Eleanor Ashworth 11d ago
Macro

CFTC files crypto rulemaking package after Senate vote fails

Eleanor Ashworth 12d ago
Macro

Prediction markets put Healey far ahead in Massachusetts governor race

Eleanor Ashworth 12d ago
Macro

Polymarket faces Missouri cease-and-desist alongside Kalshi

The Missouri Attorney General's office sent a cease-and-desist order — the kind that carries legal consequences, not the kind that invites a conversation.

Eleanor Ashworth 13d ago
Partner

Half your team has never been in the same room. Pay them anyway.

Payoneer Sponsored
Macro

Election officials' fraud fears over prediction markets reach Maryland

Eleanor Ashworth 14d ago
Macro

Dallas Cowboys trading volume exposes Texas prediction market fault line

Eleanor Ashworth 14d ago
Macro

Montana pauses Kalshi enforcement while Missouri presses forward

Eleanor Ashworth 15d ago
Macro

Missouri's attorney general moves against prediction market platforms

Eleanor Ashworth 16d ago
Macro

Tribal leaders left CFTC headquarters without answers on event contracts

Eleanor Ashworth 16d ago
Macro

AGA's state court strategy rests on a legal record that cuts both ways

Tres York, the AGA's vice president, cited it to argue that states have the legal tools to treat sports event contracts as illegal gambling without waiting for federal resolution.

Eleanor Ashworth 17d ago
Partner

Delaware has never seen you. It doesn't need to.

Doola Sponsored
Macro

Texas Republicans consider suing over federal prediction markets

Eleanor Ashworth 18d ago
Macro

Polymarket names Warren Jenson CFO as Kalshi widens volume lead

Eleanor Ashworth 18d ago
Macro

VGW pays New York $8m to settle sweepstakes casino claims

Eleanor Ashworth 20d ago
Macro

Democratic governors put prediction market regulation on meeting agenda

Eleanor Ashworth 21d ago
Macro

Kalshi Struggles to Launch European Operations Without ESMA Approval

Eleanor Ashworth 22d ago
Macro

CFTC's vague gaming definition leaves European prediction markets at risk

The authority said manipulation and insider trading "reach new levels" on platforms with limited identity verification.

Eleanor Ashworth 22d ago
Macro

Underdog drops into five new legal battles after DFS retreat

Underdog Sports surrendered daily fantasy sports licences in seven states and filed federal lawsuits in five others, all within the same week.

Eleanor Ashworth 23d ago
Macro

ION and Coinbase build shared infrastructure for Kalshi contracts

Eleanor Ashworth 24d ago
Macro

Kalshi logs record trading week as NFL season opens under flat handle

Eleanor Ashworth 24d ago
Macro

Robinhood routes event contracts through OG.com as Kalshi ties fray

Eleanor Ashworth 25d ago
Macro

Elliott fires competition claim at LME over 2022 nickel cancellations

Eleanor Ashworth 26d ago
Macro

AGA's flat NFL handle exposes the cost of prediction market growth

The American Gaming Association's estimate for the 2026 NFL season is $29.

Eleanor Ashworth 26d ago
Macro

Polymarket enters foreign exchange with leveraged perpetuals

Eleanor Ashworth 27d ago
Macro

ParlayX secures $1.25m funding for prediction market infrastructure

Eleanor Ashworth 28d ago
Macro

CFTC tells court CME perpetual futures complaint is misguided

Eleanor Ashworth 29d ago
Macro

Bank of America sees Supreme Court deferring Kalshi ruling to 2027

Eleanor Ashworth 30d ago
Macro

Prediction market volumes fall for first time in a year

Eleanor Ashworth 31d ago
Macro

Sportradar expands Polymarket data deal to cover six new leagues

Eleanor Ashworth 31d ago
Macro

Polymarket surveillance chief says midterm controls are ready

Bautista, Polymarket's global head of investigations and intelligence, told Reuters that the company's surveillance systems are prepared for the approaching US midterm elections.

Eleanor Ashworth 33d ago
Macro

NFL drops Caesars and rewrites its sportsbook terms

Eleanor Ashworth 33d ago
Macro

US launches insider trading cases against prediction market operators

Eleanor Ashworth 35d ago
Macro

Kalshi faces fresh legal challenge over prediction markets in Montana

Eleanor Ashworth 36d ago
Macro

Third Circuit stands alone as eighty cases rewrite Indian gaming law

Eleanor Ashworth 37d ago
Macro

DraftKings pushes prediction market ads into four major states

Eleanor Ashworth 38d ago
Macro

Kalshi and Polymarket move into AI prediction contracts

Eleanor Ashworth 38d ago