A bipartisan Senate bill introduced in March 2026 aims to ban sports betting and casino-style contracts on federally regulated prediction markets, marking a significant escalation in Washington’s scrutiny of these financial platforms. According to a Wall Street Journal report, Senators Adam Schiff (D-CA) and John Curtis (R-UT) are pushing forward legislation that would explicitly prohibit […]
A Nevada state judge delivered a significant regulatory blow on March 20, 2026, issuing a temporary restraining order that blocks prediction market platform Kalshi from operating in the state. Carson City District Court Judge Jason Woodbury sided with the Nevada Gaming Control Board, finding state authorities are reasonably likely to prevail in their claim that […]
In a landmark move that signals a new era for sports governance and emerging financial markets, Major League Baseball (MLB) has simultaneously announced a formal integrity agreement with the U.S. Commodity Futures Trading Commission (CFTC) and a commercial partnership with prediction market platform Polymarket. These dual announcements, made public on March 19, 2026, represent a […]
PHOENIX, March 18, 2026 – Arizona Attorney General Kris Mayes has initiated a significant legal confrontation by filing criminal gambling charges against Kalshi, a prominent prediction markets platform. This action directly challenges the company’s operational model and ignites a complex debate over state versus federal regulatory authority in the evolving financial technology sector. Arizona Gambling […]
In a significant consolidation move within the blockchain sector, prediction markets platform Polymarket has acquired decentralized finance infrastructure startup Brahma. This strategic acquisition, announced on March 18, 2026, aims to reduce technical friction for users and enhance liquidity across niche markets. The deal represents Polymarket’s continued expansion despite broader cryptocurrency market fluctuations. Polymarket Acquires Brahma […]
In a dramatic escalation of the regulatory battle over prediction markets, Kalshi CEO Tarek Mansour has forcefully denounced criminal charges filed by Arizona authorities as a “total overstep,” setting the stage for a high-stakes legal confrontation with national implications for the fintech sector. The charges, announced on March 17, 2026, allege the platform operated an […]
WASHINGTON, D.C. — In a significant move against a burgeoning financial gray area, U.S. lawmakers introduced legislation on March 17, 2026, aiming to sever the link between geopolitical conflict and profit-driven prediction markets. The proposed Banning Event Trading on Sensitive Operations and Federal Functions (BETS OFF) Act directly targets platforms allowing bets on military actions, […]
March 17, 2026 — Prediction markets platform Polymarket has banned users and reported them to authorities after they threatened an Israeli journalist to alter a news report about an Iranian missile strike. The report was central to resolving a market with over $17 million in wagers. Threats Over a Market Resolution Emanuel Fabian, a military […]
WASHINGTON, D.C. — May 21, 2026. U.S. Senator Adam Schiff (D-CA) introduced original legislation today explicitly banning federally regulated prediction markets from offering contracts on war, terrorism, assassination, and individual deaths. The proposed DEATH BETS Act marks a direct congressional response to escalating national security and insider trading concerns surrounding event-contract platforms, particularly following high-volume […]
NEW YORK, March 2026 – Major Wall Street prime brokers are now providing their hedge fund and institutional clients with direct access to prediction markets, marking a decisive moment for the integration of event-driven trading into mainstream finance. According to a Bloomberg report confirmed by executives on Wednesday, March 4, 2026, Clear Street and Marex […]
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