News

Robinhood lists California midterm prediction markets with Democrats favored for governor

Robinhood’s California midterm prediction markets page shows the Democratic Party heavily favored in the governor race, while two House race contracts are currently listed at 0% for both parties.

Washington judge blocks Kalshi event contracts under state gambling laws

A Washington state judge has granted a preliminary injunction blocking Kalshi from offering event contracts in the state, finding the platform likely violated gambling laws.

Prediction market firms and gaming groups ramp up lobbying as Congress weighs new rules

Lobbying around prediction markets is accelerating in Washington, with Kalshi, Polymarket-linked advocates, and casino interests all spending more as Congress and the CFTC debate how event contracts should be regulated.

Congress reviews whether sports prediction markets should be regulated like betting

Congress is examining whether sports event contracts offered by prediction markets such as Kalshi and Polymarket should remain under CFTC oversight or be regulated more like traditional sports betting.

Washington judge blocks Kalshi event contracts under state gambling law

A Washington state judge has granted a preliminary injunction blocking Kalshi from offering event contracts there, finding the state likely to succeed on its claim that the platform violates Washington gambling law.

Report: Prediction Markets Took 27% of World Cup Betting Handle

Prediction market operators accounted for about 27% of all wagers placed on the 2026 World Cup, according to a Bloomberg report cited by WSN.