by igamingreview | Jun 29, 2026 | Prediction Markets, Regulation
Kalshi’s rapid expansion into prediction markets and crypto-linked perpetual futures has triggered a major confrontation with the US gaming industry, which is advocating for stricter federal regulation of sports-related contracts and estimating significant state...
by igamingreview | Jun 29, 2026 | Prediction Markets, Regulation
Gaming Organizations Seek Ban on Sports Prediction Markets – National gaming, tribal, and labor organizations have called on the U.S. Senate to include language prohibiting event contracts tied to sports and casino-style gaming in the CLARITY Act, according to...
by igamingreview | Jun 29, 2026 | Legal & Compliance, Prediction Markets
Kentucky Files Lawsuit Against Prediction Market Operators – The Kentucky government has initiated legal action against prediction market operators Polymarket and Kalshi. The lawsuits allege that these platforms facilitate illegal sports betting within the...
by igamingreview | Jun 29, 2026 | Prediction Markets
Kalshi, a prominent prediction market, is shifting its business model to focus on hedging, though critics argue it’s an attempt to legitimize what is largely sports betting. The company, which recently doubled its valuation to $22 billion, is actively seeking to...
by igamingreview | Jun 29, 2026 | Prediction Markets, Regulation
Illinois Enacts New Taxes on Fantasy Sports and Prediction Markets – Illinois Governor J.B. Pritzker has signed the fiscal year 2027 budget, introducing a new 15% tax on fantasy sports contest receipts and a 1.75% tax on prediction market sports bets. These...
by igamingreview | Jun 29, 2026 | Prediction Markets, Sports Betting
Forbes Contributor Gladys Louise Tyler clarifies distinctions between sports betting platforms: Predictive Markets, SportsBooks, and Daily Fantasy Sports (DFS), noting their varied regulations and operational models.What HappenedAs the NFL season approaches, the...
