Hedge funds booked $2.3 billion in 2026 short-selling Flutter, DraftKings and Entain as prediction markets and taxes crushed gambling stocks.
Trump backed the CFTC's authority over prediction markets as Minnesota criminalized them and Rhode Island became the agency's seventh state.
A Google engineer allegedly used confidential Year in Search data to win $1.2 million on Polymarket. Inside the insider trading case.
A new GCI report puts unregulated online gambling at $5.9 trillion in 2025, larger than every economy except US and China.
Six months after Italy banned Polymarket, the platform is sponsoring Lazio for $22M and named Serie A's exclusive US prediction market partner.
Pennsylvania HB 2497 would impose a $1M license fee and 20% tax on prediction markets, but federal preemption may block enforcement.
Nevada is suing Kalshi while courting prediction-style slot machines. The contradiction reveals what the fight is really about.
White House crypto chief Patrick Witt accused US banks of refusing CLARITY Act stablecoin meetings; Polymarket odds swung 46% to 73%.
Kalshi crossed Polymarket on global prediction-market trading volume in late 2025 and now leads $37.49B vs $29.23B YTD 2026.
Master Sgt. Van Dyke allegedly used classified Maduro-raid intel to win $409K on Polymarket — the first DOJ prediction-market insider trading prosecution.
Just 14 days after legalizing online sports betting, Wisconsin sued Kalshi, Polymarket, Coinbase, Robinhood and Crypto.com over event-contract sportsbooks.
April 2026 brought a legal tidal wave for Kalshi with criminal charges, new lawsuits, and a gambling trademark controversy.
