Tag: Prediction markets

09/09/26 3:26 PM

Illinois: Bill seeks to remove prediction market tax

  • Chris Sieroty — Managing Editor, CDC Gaming
As part of its state budget, Illinois amended its sports betting law to tax and treat certain sports-event contracts offered on prediction... more
09/09/26 11:48 AM

2026’s elections could test how heavy trading on prediction markets affects races and results

  • Marc Levy, Associated Press
HARRISBURG, Pa. (AP) — Election-season trading on prediction markets, including in this fall’s biggest races, is skyrocketing while states... more
09/08/26 5:40 PM

Michigan: Robinhood pulls sports event contracts as court cases continue

  • Chris Sieroty — Managing Editor, CDC Gaming
Robinhood has agreed to pull its sports-event contracts out of Michigan, at least until at least the U.S. Court of Appeals for the Sixth... more
09/08/26 10:23 AM

Wall Street Bets: Gaming industry stocks, prediction markets

  • Rege Behe — Lead Contributor, CDC Gaming
Daniel Politzer of J. P. Morgan on September 8 looked at gaming industry stocks prospects: “August was a rough month for gaming stocks. On... more
09/05/26 12:10 PM

CDC Gaming: Inside the latest prediction market developments

  • Chris Sieroty — Managing Editor, CDC Gaming
Mike Dreitzer, chairman of the Nevada Gaming Control Board (NGCB), made it clear that the agency’s opposition to prediction markets... more
09/02/26 3:43 PM

New Jersey asks U.S. Supreme Court to decide who regulates prediction markets

  • Chris Sieroty — Managing Editor, CDC Gaming
New Jersey has asked the U.S. Supreme Court to settle the legal dispute over whether sports event contracts offered by prediction markets... more
08/31/26 3:43 PM

Nevada politicians praise Kalshi ruling; analysts say legal battle not over

  • Chris Sieroty — Managing Editor, CDC Gaming
A U.S. Court of Appeals for the Ninth Circuit ruling that Nevada can enforce its gaming laws against Kalshi was seen as a crucial win by... more
08/31/26 3:09 PM

Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading

  • Larry Neumeister, Associated Press
NEW YORK (AP) — The online prediction market platform Kalshi said Monday that it has permanently banned former U.S. Rep. George Santos... more
08/31/26 1:32 PM

Wall Street Bets: Prediction markets, Sportradar, Double Down Interactive

  • Rege Behe — Lead Contributor, CDC Gaming
Truist Securities’ Barry Jonas on August 31 looked at court rulings on prediction markets: “On Friday, the 9th Circuit ruled against Kalshi... more
08/29/26 12:33 PM

CDC Gaming: Inside the latest prediction market developments

  • Chris Sieroty — Managing Editor, CDC Gaming
Kalshi has objected to claims that the sports event contracts the prediction market offers are equivalent to traditional sports betting as... more