Tag: Kalshi

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Congress Weighs Sports Event Contracts, Ban Unlikely

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A House subcommittee held its first hearing on sports event contracts. A federal ban looks unlikely, and most observers expect the Supreme Court to settle jurisdiction.

Polymarket, Kalshi Block Ireland as GRAI Threatens Courts

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Polymarket and Kalshi restricted Ireland after new regulator GRAI threatened court orders, calling the prediction markets unlicensed gambling. No court battle was needed.

Google Bans Prediction Market Ads in Two More States

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Google has banned prediction markets advertising in Michigan and New York, joining Nevada and Ohio. All four states have moved against prediction market operators.

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Int Ent Loss Widens to $62M, Gaming Revenue Up 61%

Philippines 0
International Entertainment's FY2026 loss widened to HK$486.4M on a non-cash DigiPlus note charge. Gaming revenue surged 60.7% and gross profit jumped 66.4%, but a PHP5B Philippine tax dispute looms.

SBC Hall of Fame 2026: DraftKings, Spribe, Playtech Leaders

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SBC named five industry leaders to its Hall of Fame Class of 2026. The induction ceremony takes place on 28 September in Lisbon, marking the tenth anniversary of the honour roll.

Prediction Markets Roundup: SCOTUS Odds Hit 64% as CFB Surges

Sports Betting 0
The Ninth Circuit's Kalshi ruling pushed SCOTUS review odds to 64%. College football prediction market volume surged 22x, while DraftKings Combos hit $10M in a single day.

Ninth Circuit Rules Kalshi Sports Contracts Are Gambling

Regulation 0
The Ninth Circuit ruled Kalshi's sports event contracts are gambling, not federally protected swaps. The 3-0 decision conflicts with the Third Circuit, setting up a likely Supreme Court showdown over prediction markets.

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