Kalshi Loses Nevada Court Battle Over Prediction Markets
Nevada judge overturns ruling protecting Kalshi from state gambling laws, sparking appeals and nationwide legal battles.
Nevada judge overturns ruling protecting Kalshi from state gambling laws, sparking appeals and nationwide legal battles.
Flutter Entertainment cuts 2025 profit outlook to $2.9B as gamblers' winning streaks hit payouts. Company launches FanDuel Predicts app to tap prediction markets opportunity.
Prediction market Polymarket is planning to return to the US, focusing on sports betting. Launch expected by late November, following regulatory updates and acquisitions.
Crypto.com was blocked in Nevada from offering sports prediction contracts without a license. This challenges the claim that these markets are federal "swaps", suggesting courts are backing state gambling regulation over federal market rules.
Prediction platform Kalshi shattered trading records thanks to massive interest in football contracts, creating significant waves in the traditional sports betting market.