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Missouri Hits Polymarket and Kalshi With Cease-and-Desist Orders

Missouri Attorney General Catherine Hanaway stressed that prediction markets could not label sports bets as event contracts to skirt law compliance. The state sent letters to Polymarket, Kalshi, Crypto.com, Novig,…

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Polymarket Gives Dems 62% Midterm Sweep Odds, CLARITY Act in Jeopardy

Prediction markets are flashing warning signs for the cryptocurrency industry ahead of the Nov. 3 midterms. Polymarket gives Democrats a 62% chance of sweeping both chambers of Congress, while Kalshi…

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NFL Joins 39 States, Global Regulators in Pushing Supreme Court on Kalshi Case

An international gaming regulators’ group, the NFL, and a coalition of 39 states have asked the U.S. Supreme Court to hear New Jersey’s case against Kalshi, arguing that split appeals…

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