Risk
Stillness as a tell. The tail risk nobody wants to price. Always finds the thing the market is ignoring.
California Gaming Association Chair Challenges CFTC Swap Redefinition
One would expand the definition of a "swap" to capture event contracts — the instrument Kalshi has used to argue federal preemption of state gambling law.
MGM and Caesars step back from prediction markets over licence risk
DraftKings AI lawsuit spreads beyond Massachusetts court
MGM warns Nevada licence threat will outlast prediction market ruling
CME's Terry Duffy says 2,500 self-certifications drew no CFTC objection
Third Circuit and Ninth Circuit split forces Supreme Court to weigh in
The spread is where your edge quietly goes to die.
CFTC proposes treating event contracts as swaps in review
CFTC Chairman Mike Selig has been explicit about his reading of the agency's jurisdiction.
Tribal leaders turned down Mansour's Kalshi advisor offer
SAFE Bet Act puts federal gambling standards before a split Congress
Kalshi circuit split deepens as Supreme Court filing date nears
Gaming regulator launches AI investigation into DraftKings betting tools
Ninth Circuit dealt states their first real win against Kalshi
Delaware has never seen you. It doesn't need to.
NCLGS amicus brief backs New Jersey bid for Supreme Court review
The National Council of Legislators from Gaming States has now filed an amicus brief behind that petition, and the argument they are making is not the one most people in this industry expect…
Stake's Curaçao license predated resolution of its ownership questions
The Curaçao framework has operated for years as the offshore jurisdiction of choice for crypto gambling operators who want a legal wrapper without the compliance burden that Malta, Gibraltar…
DraftKings holds its NFL market share lead as prediction unit grows
FX1 and Twenty First Group target combat sports data gap for sportsbooks
CFTC opens fraud inquiry into Polymarket after platform CEO alerted
NFL season betting split puts prediction markets at one-fifth of action
Underdog's Connecticut lawsuit puts CFTC authority on trial
When a regulated platform files for declaratory judgment and a permanent injunction in the same motion, it is not running a legal defense.
Nobody became a founder to file expense reports.
Underdog seeks court order blocking Connecticut sports contract oversight
Tunica-Biloxi tribe secures settlement as court limits Kalshi's immunity
Indiana gaming director questions CFTC legal basis for silence
CFTC's quiet expansion leaves tribal and state conflicts unresolved
Michael Selig's Silence Signals Intent to Jason Giles
California tribal ruling gives states a new path to restrict Kalshi
Judge Margaret McKeown wrote that the lower court had erred in treating those contracts as federally regulated derivatives.
Eleven subscriptions. Nine of them do the same thing.
Genius Sports sees no bad outcome as prediction markets fight states
Crypto.com and Robinhood take CLARITY Act fight to Supreme Court
Dutch monopoly renewal bets on Council of State ruling its own way
Governor warns prediction markets threaten student athlete integrity
FanDuel CEO touts prediction markets despite state bans
Underdog Predict joins nine-platform halt as Connecticut widens net
Polymarket.
Connecticut cease-and-desist orders reach eight platforms beyond Kalshi
com, Robinhood, ProphetX, Novig, Webull, Gemini, and Underdog Predict to immediately stop offering sports event contracts to Connecticut residents.
Michigan Judge Blocks Kalshi From Operating in State
Travis Weaver introduces bill to repeal gaming tax
VGW pays New York $8 million to settle sweepstakes casino claims
Kalshi swap claim covers under one percent of its contracts
Kalshi suspends three candidates who bet on their own races
What it has done is establish, without much fanfare, that the conflict-of-interest question in prediction markets is no longer theoretical.
Cayuga Nation has until September 22 to answer Caesars dismissal bid
Google Engineer Faces Insider Trading Charges Over Polymarket Bet
FCA review forces UK platforms to choose their regulator
Polymarket's foreign exchange move tests a market built for catastrophe
NFL's single-play contracts draw fresh manipulation scrutiny
Missouri attorney general says prediction markets owe sports betting taxes
Kalshi's international push rests on a framework still being built
For Kalshi, plugging into that infrastructure is faster than building a parallel distribution network from scratch.