Concerns over prediction markets are mounting among gaming associations and tribal leaders who are calling on federal lawmakers to impose strict regulations. The American Gaming Association and the Inter-Tribal Council of the Five Civilized Tribes have urged Congress and the Commodity Futures Trading Commission to curb platforms that offer sports betting contracts nationwide. Industry leaders argue these platforms operate outside established state and tribal legal frameworks, threatening tribal sovereignty and draining state tax revenues across the country. Testifying before a Senate Agriculture subcommittee, Christopher Cylke of the American Gaming Association stated that platforms such as Kalshi and Polymarket use federal…

The landscape of World Cup betting shifted dramatically during the 2026 tournament as prediction markets captured 27% of all legal sports gambling volume in the United States. Driven by platforms such as Kalshi and Polymarket, event-based trading exchanges saw unprecedented growth, challenging traditional sportsbooks that previously dominated the sector. According to figures from H2 Gambling Capital, prediction markets expanded their share of soccer gambling activity from roughly 9% at the start of the year to 27% of total volume by the conclusion of the final match between Spain and Argentina. The overall rise in World Cup betting was anchored by…

Meta prediction markets could soon become a reality as the tech giant explores a foray into the rapidly growing forecasting sector. According to industry reports, the parent company of Facebook and Instagram is investigating the development of its own prediction markets platform, aiming to capitalize on a massive surge in global interest surrounding decentralized and centralized betting on real-world outcomes. The move comes at a time when the broader prediction market industry is experiencing unprecedented volume, largely driven by political elections, financial trends, and pop culture events. Analysts suggest that by integrating these features into its existing ecosystem, the company…

Kalshi has introduced a series of new market integrity measures aimed at preventing insider trading and market manipulation, as the prediction market sector faces growing scrutiny from lawmakers and regulators. The measures, which take effect immediately, include employment disclosure requirements for traders participating in sensitive markets, a whistleblower portal, and tools that allow users to flag suspicious activity directly from market pages. The company stated the changes were based on recommendations from an independent Surveillance Audit Committee established to oversee the compliance program. Under the new framework, Kalshi will assign risk scores to markets based on factors including corporate performance…

The rise of prediction markets across the United States has triggered an escalating regulatory battle and a debate over state gaming revenue. According to a report by the American Gaming Association, activities in these markets have cost state and tribal governments over 1 billion dollars in tax revenue. The trade association, which represents the regulated commercial gambling industry, argues that these platforms function as backdoor sports betting operations while bypassing voter decisions, consumer protections, and local licensing requirements. The dispute centers on whether prediction markets should be categorized as sports betting products under state authority or as swaps and derivatives…

US President Donald Trump has issued a strong endorsement for regulation of prediction markets, the fast-growing event contract sector. Such a move, however, would establish a direct conflict with several state officials. The White House is arguing for uniform national oversight, while individual states attempt to impose local restrictions and prohibitions. Through a social media statement, the president emphasized the necessity of maintaining the Commodity Futures Trading Commission as the sole regulatory authority over these platforms. He framed the push for federal administration as a way to create a consistent framework for the country, while also linking the sector to…