New York prosecutors are accusing Kalshi of running an illegal gambling operation, becoming the latest state to file a lawsuit against the prediction market. The complaint seeks to halt Kalshi’s operations in New York, force it to pay restitution to consumers who made bets on the platform, forfeit its profits and pay fines equal to three … Read more
A federal judge granted a preliminary injunction pausing Minnesota’s first-of-its-kind prediction market ban Monday, days before it was slated to go into effect. The ruling comes after the Justice Department and the Commodity Futures Trading Commission, along with Kalshi and Polymarket US, filed lawsuits responding to the law, which was scheduled to go into effect … Read more
A sprawling legal battle between state regulators and sites like Kalshi is heating up ahead of the midterm elections. Source link
The wedding of Taylor Swift and Travis Kelce could be just days away, and even though there’s no official confirmation of it happening, people are still betting millions on it. Prediction markets, which are often used to bet on sports and politics, are now seeing an influx of action from Swifties. More than $2 million … Read more
Taylor Swift and Travis Kelce wedding rumors drive big spending on prediction markets – CBS News Watch CBS News While there’s been no official announcement about Taylor Swift and Travis Kelce’s wedding, rumors surrounding the couple’s big day are driving major spending on prediction markets. Jo Ling Kent reports. Source link
This is an updated version of a story first published on May 17, 2026. The original video can be viewed here. The war with Iran and the U.S. military operation to capture Venezuelan President Nicolás Maduro have carried the usual hallmarks of conflict: soldiers, strategy, casualties, cost. But they’ve also been accompanied by a new feature: betting on … Read more
The federal government and a growing number of U.S. states are clashing over the regulation of prediction markets. The Commodity Futures Trading Commission, the federal agency that oversees prediction markets, on Tuesday filed a lawsuit against Kentucky over its efforts to crack down on Kalshi and Polymarket for what state officials allege are violations of … Read more
Mike Isaac, a tech reporter for The New York Times, joins CBS News 24/7 to discuss a story he helped break about Meta CEO Mark Zuckerberg directing the company to develop a prediction market app. Source link
Prediction markets are betting that celebrity endorsements will help attract more users. Kalshi, a trading platform that surged in popularity during the 2024 presidential election, has recently released a slew of celebrity advertisements featuring famous athletes as it seeks to capitalize on the hype around the NBA Finals and the FIFA World Cup. The push could … Read more
FRANKFORT, Ky. — A coalition that includes Kalshi, Crypto.com and Polymarket filed a lawsuit Friday challenging Kentucky’s first-in-the-nation excise tax on prediction markets. The Kentucky General Assembly in April enacted a 14.25% tax on prediction market operators’ transaction fees, a levy the lawsuit says is discriminatory, unconstitutional and preempted by federal law. Prediction markets are … Read more