News

CFTC warns prediction markets against broad event-contract filings

The CFTC issued a fresh warning to prediction market firms, saying broad, template-style event-contract certifications can limit the agency’s ability to review filings properly.

Kalshi, Polymarket Favor Karen Bass in LA Runoff Despite Poll Deficit

Karen Bass remains the prediction-market favorite in the Los Angeles mayoral runoff, even after new homelessness data and a public poll gave challenger Nithya Raman fresh momentum.

DraftKings Seeks $23,500 in Court Costs After Winning $14.2M Voided-Parlay Lawsuit

After defeating an Iowa bettor’s lawsuit over five voided golf parlays that would have paid $14.2 million, DraftKings has asked a federal court to award about $23,500 in taxable costs.

Yaamava’ marks 40th anniversary with Snoop Dogg, Imagine Dragons and luxury resort showcase

Yaamava’ Resort & Casino at San Manuel marked its 40th anniversary with a two-day celebration in Highland featuring performances by Imagine Dragons and Snoop Dogg, alongside high-end dining, spa and hospitality experiences.

California Tribes See Prediction Markets as a New Threat to Indian Gaming

Prediction markets are drawing fresh scrutiny from Tribal gaming stakeholders, with California Tribes arguing some event-contract platforms interfere with Tribal self-governance and gaming rights.

Robinhood lists U.S. gas price prediction market for July 24 AAA reading

Robinhood has posted a new economics prediction market tied to the U.S. average regular gas price that AAA reports for July 24, 2026, with contracts resolving above specific price thresholds.

Kalshi Threatens Netflix Over ‘Prediction Games’ Trailer

Kalshi says a Netflix documentary trailer contains misleading and defamatory material about its prediction market platform, while Netflix disputes the claim and says a key trade shown predates the Nevada court order at issue.

Judge signals DraftKings California fantasy sports class action may proceed

A federal judge said claims challenging DraftKings’ paid daily fantasy sports in California are likely to survive dismissal, potentially setting up a fight over whether the games can continue in the state.

Sports Betting Alliance Says 2026 Set Stage for More State Action in 2027

The Sports Betting Alliance says 2026 delivered uneven legislative results, but growing state-level debate over legalization, taxes, and market restrictions could shape a busier 2027.

Kalshi Seeks Emergency Second Circuit Order as New York Enforcement Pause Nears End

Kalshi has asked the Second Circuit for emergency relief to shield its sports-related contracts from New York regulators, who have agreed to pause enforcement only through July 30.