The recent Kalshi deal with tribal gaming operator partnerships has expanded to include four additional Native American tribes, highlighting a growing split across Indian country regarding prediction markets. The Kletsel Dehe Wintun Nation, Greenville Rancheria, and Alturas Indian Rancheria in California, alongside the Alabama-Quassarte Tribal Town of Oklahoma, have formally joined forces with the platform. They follow a similar agreement reached with the Louisiana-based Tunica-Biloxi Tribe last month. Under the agreed terms, each participating sovereign tribe retains full ownership of its custom branded mobile application and oversees the primary customer relationship. Kalshi serves as the technical backend operator, managing execution,…

New York officials have filed a major lawsuit against QCX LLC, the operator of Polymarket US, accusing the company of running an illegal gambling business. The legal action, brought jointly by New York Governor Kathy Hochul and Attorney General Letitia James, claims that Polymarket has been operating an unlicensed sports betting and event prediction service across the state since launching its domestic platform in December 2025. Following an extensive investigation, the Office of the Attorney General determined that the event contracts offered by Polymarket meet the legal definition of gambling under state law because the wagering outcomes depend on chance…

The Circa Survivor pro football contest experienced a massive wave of eliminations during the opening week of the season. A total of 25,017 entries registered for the Las Vegas based event hosted by Circa Sports, creating a prize pool of $25,017,000. However, early upsets proved fatal for thousands of contestants, knocking out 32.2% of the initial field in just a few days. The biggest factor in the high casualty rate was a shocking upset involving Los Angeles and Arizona. Los Angeles entered the matchup tied as an 8.5 point favorite, leading 7,585 participants to select them. That single game accounted…

BetMGM football betting features have officially expanded for the 2026-27 season, bringing a suite of new options, updated promotions, and enhanced sportsbook functionality to users across eligible markets. The operator has expanded its Cash Out capabilities, giving bettors increased flexibility to settle eligible wagers before a sporting event finishes. Alongside this change, the platform introduced Odds Flash, a feature designed to deliver premium spread pricing across college and professional games while providing real-time odds notifications. Another notable addition for the upcoming calendar is BetDefense, an initiative that offers first-quarter injury protection on eligible professional player prop bets. Under this policy,…

Prediction market platform Kalshi has threatened legal action against Netflix following the release of a trailer for an upcoming documentary covering the financial prediction industry. Attorneys representing the prediction markets company sent a formal cease and desist letter to the streaming service demanding the immediate removal of the promotional video for Instadocs: The Prediction Market Games alongside a public retraction. The legal dispute centers on a specific scene in the documentary trailer filmed during a watch party in Las Vegas, Nevada. In the clip, an attendee displays a mobile screen showing a $5,000 wager placed on Spain to win the…

A call for a prediction markets crackdown has intensified as sports leagues, casino operators, and lawmakers push back against federal regulatory proposals. The NFL and the Casino Association of New Jersey submitted comments urging the U.S. Commodity Futures Trading Commission to block financial platforms from offering sports event contracts. Traditional gaming companies argue that federally regulated derivatives platforms such as Kalshi and Polymarket bypass state gambling laws, threatening established state and tribal regulatory authority across the country. The American Gaming Association estimates that state governments have lost more than $1 billion in tax revenues due to the expansion of federally…