readwrite.comadded August 2026
ReadWriteby ReadWrite23d ago
Kalshi and Polymarket Global combined for $14.10 billion in contract volume during the Sept. 7-13 week that opened the NFL regular season, according to a DeFi Rate volume report.
ReadWriteby ReadWrite23d ago
Polymarket launched event contracts tied to private-company milestones this week, expanding into IPO timing, valuation targets and secondary-market activity for firms including OpenAI, Anthropic...
ReadWriteby ReadWrite23d ago
The Ninth Circuit Court of Appeals ruled on August 28 that sports-related event contracts offered by prediction-market platforms are not swaps under federal commodities law, clearing the way for...
ReadWriteby Suswati Basu8 Sept 2026
Underdog Exchange DCM, Inc. and UDM, LLC, which does business as Underdog Predict, have taken regulators in Ohio, Massachusetts, and Wisconsin to federal court, after dropping Drafts in seven...
ReadWriteby Suswati Basu8 Sept 2026
Coinbase says Kalshi caused a mistaken prediction-market settlement tied to Michigan’s wild 13-12 win over Western Michigan.
ReadWriteby Suswati Basu7 Sept 2026
Americans are projected to legally bet $29.5 billion on the 2026 NFL season through regulated commercial sportsbooks, according to a new American Gaming Association estimate.
ReadWriteby Suswati Basu7 Sept 2026
Kalshi had to undo payouts on a college football prediction market after declaring Western Michigan the winner against Michigan before officials had actually finished deciding the game.
ReadWriteby Suswati Basu7 Sept 2026
Underdog Fantasy is pulling new Drafts entries from seven U.S. states this week after founder Jeremy Levine said regulators left the company facing a choice between state fantasy licenses and...
ReadWriteby Suswati Basu4 Sept 2026
Bally’s Corporation is changing finance chiefs as the casino company pours money into major developments, deals with financial pressure and fights over video gambling terminals in Chicago.
ReadWriteby Suswati Basu4 Sept 2026
Three members of Congress have renewed their pressure on FanDuel, saying the betting operator still has not explained how its VIP program handles customers who may be struggling with gambling...
ReadWriteby Suswati Basu4 Sept 2026
The NFL is again asking designated contract markets to pull several types of football-related prediction contracts, making another push as the 2026 season gets underway.
ReadWriteby Suswati Basu3 Sept 2026
Prospect Park Councilman Anand Shah has resigned after roughly a decade in public office, months after admitting his role in an illegal gambling operation investigated by state authorities.
ReadWriteby Suswati Basu3 Sept 2026
A Michigan judge has temporarily shut Kalshi’s sports contracts out of the state, handing Attorney General Dana Nessel a preliminary injunction while her lawsuit against the prediction-market...
ReadWriteby Suswati Basu3 Sept 2026
New Jersey is taking its fight with Kalshi to the US Supreme Court, asking the justices to decide whether federally regulated prediction markets must also follow state sports betting rules.
ReadWriteby Suswati Basu2 Sept 2026
Churchill Downs Incorporated has asked the Federal Trade Commission (FTC) to order an independent review of the Horseracing Integrity and Safety Authority, escalating scrutiny of the regulator days...
ReadWriteby Suswati Basu2 Sept 2026
FanDuel has voided wagers placed on behalf of Bill Simmons and taken action against his account after the sports media personality admitted using his daughter’s boyfriend to make bets for him in...
ReadWriteby Suswati Basu1 Sept 2026
Today in prediction market news, we’re following a fresh wave of legal and regulatory developments, including Kalshi urging the Tenth Circuit to block Utah enforcement while its federal appeal...
ReadWriteby Suswati Basu1 Sept 2026
The Ninth Circuit has called Kalshi’s contracts what its advertising already did: sports betting. Kalshi’s marketing department wrote the opening line of its own legal defeat.
ReadWriteby Suswati1 Sept 2026
Kalshi wants federal regulators to tackle manipulation in prediction markets by going after misconduct and restricting specific traders, rather than placing sweeping limits on event contracts.
ReadWriteby Suswati Basu1 Sept 2026
George Santos has been permanently suspended from Kalshi and ordered to pay $71,356 after the prediction market exchange concluded that he manipulated contracts tied to his own attendance at the...
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