Trading volumes for certain products on prediction market platforms Kalshi and Polymarket are raising questions from some industry observers, who fear the numb…

A United States appeals court has found that states can regulate prediction markets, ruling against a bid by the company Kalshi to exempt so-called event contr…

The 6th U.S. Circuit Court of Appeals ruled on Friday that states have a right to regulate sports-related event contracts on prediction market platforms, marki…

The 6th U.S. Circuit Court of Appeals ruled that Kalshi's prediction markets can be regulated like gambling, rejecting the company's claim that its contracts q…

New York sued Polymarket to halt its operations as an unlicensed gambling business, escalating a legal conflict over state versus federal regulatory authority.…

New York Attorney General Letitia James has sued Polymarket for allegedly operating an illegal gambling business without a proper license, seeking up to $5 mil…