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States and Federal Government Clash Over Regulation of Sports Betting and Prediction Markets

A legal battle is escalating between states and the federal government over who regulates sports betting, with Illinois classifying prediction markets like Kalshi as unlicensed sports wagering operators. Kalshi has sued Illinois, arguing that the CFTC holds exclusive authority over its "event contracts" and that state regulation is overly burdensome and illegal.

Ars Technica

Kentucky Sues Prediction Market Platforms Kalshi and Polymarket for Illegal Sports Betting

In Entwicklung

Law·18.06.2026KI-Zusammenfassung

Kentucky Sues Prediction Market Platforms Kalshi and Polymarket for Illegal Sports Betting

Kentucky has sued prediction market platforms Kalshi and Polymarket, alleging they operate illegal sports betting operations. The platforms contend their contracts fall under CFTC oversight, a stance previously supported by the Trump administration. This escalating state-federal legal battle is expected to reach the U.S. Supreme Court.

Decrypt

Ex-SEC Chair Gensler Sides With States Against CFTC on Sports Wagering

In Entwicklung

Politik·13.06.2026KI-Zusammenfassung

Ex-SEC Chair Gensler Sides With States Against CFTC on Sports Wagering

Former CFTC and SEC Chair Gary Gensler filed an amicus brief arguing Congress did not grant the CFTC authority to regulate nationwide sports wagering via the Dodd-Frank Act. He supports states' rights to regulate the sector, contrasting with the CFTC's stance.

Decrypt

France Warns Bettors on Sports Betting Scams During World Cup

Dringend

Crime·12.06.2026KI-Zusammenfassung

France Warns Bettors on Sports Betting Scams During World Cup

French authorities DGCCRF and ANJ are warning bettors about proliferation of betting advice scams during the World Cup. Influencers, known as 'tipsters,' promote luxury lifestyles to lure people into paying for fake winning tips. Several legal cases are ongoing, with one influencer fined €150,000.

Le Figaro Économie

2026 FIFA World Cup Expected to Drive Billions in Sports Betting and Prediction Markets

In Entwicklung

Business·11.06.2026KI-Zusammenfassung

2026 FIFA World Cup Expected to Drive Billions in Sports Betting and Prediction Markets

The 2026 FIFA World Cup is projected to generate over $3 billion in incremental handle and $10 billion in broader consumer volume uplift across sports betting and prediction platforms, potentially marking a watershed moment for the industry.

Decrypt

France Considers Stricter Regulations on Sports Betting Advertisements

Dringend

Politik·04.06.2026KI-Zusammenfassung

France Considers Stricter Regulations on Sports Betting Advertisements

A French lawmaker proposes a bill to curb sports betting ads, including TV bans during games, restrictions on sponsorships, and influencer marketing limits, citing public health and societal costs.

Le Figaro Économie

Rhode Island Challenges Sports Betting Prediction Markets

In Entwicklung

Law·24.05.2026KI-Zusammenfassung

Rhode Island Challenges Sports Betting Prediction Markets

Rhode Island's attorney general is suing prediction markets Kalshi and Polymarket, arguing they illegally offer sports betting. Kalshi counters that such contracts are federally regulated by the CFTC.

Engadget

CFTC and NHL Sign Agreement to Protect Prediction Markets

NACHRICHT

21.05.2026KI-Zusammenfassung

CFTC and NHL Sign Agreement to Protect Prediction Markets

The CFTC, led by Commissioner Michael Selig, has signed a memorandum of understanding with the NHL to safeguard prediction markets from fraud and insider trading. This follows a similar agreement with MLB and ongoing regulatory actions by the CFTC.

Cointelegraph

Prediction Markets Like Kalshi Fuel Gambling Addiction, Experts Warn

In Entwicklung

Crime·19.05.2026KI-Zusammenfassung

Prediction Markets Like Kalshi Fuel Gambling Addiction, Experts Warn

Prediction markets like Kalshi and Polymarket are increasingly popular, but experts and recovering addicts warn they are as addictive as traditional gambling and lack sufficient regulation, contributing to a rise in problem gambling rates.

Guardian International

Football regulator urged to ban Premier League clubs from unlicensed gambling money

NACHRICHT

07.05.2026

Football regulator urged to ban Premier League clubs from unlicensed gambling money

Entain wants no operators unlicensed in UK as sponsorsTwo clubs did not advertise such companies this seasonThe Independent Football Regulator (IFR) has been urged to stop Premier League clubs from accepting sponsorship from gambling companies unlicensed in the UK in the latest public consultation over its licensing regime.Entain, the global sports betting company that owns Ladbrokes and Coral, has submitted a response to the IFR asking for a clarification of its guidance that would prevent clubs from doing commercial deals with operators unlicensed in the UK. Continue reading...

Guardian Business

Wetzel: Heisman hopes and career in jeopardy after college football's latest gambling scandal

Sport

28.04.2026

Wetzel: Heisman hopes and career in jeopardy after college football's latest gambling scandal

Brendan Sorsby addressing his gambling addiction feels like an inevitable result of a sports betting boom.

ESPN

Wisconsin AG Sues Major Prediction Markets Alleging Illegal Gambling

In Entwicklung

Politik·24.04.2026KI-Zusammenfassung

Wisconsin AG Sues Major Prediction Markets Alleging Illegal Gambling

Wisconsin Attorney General Josh Kaul has sued Kalshi, Polymarket, Robinhood, Crypto.com, and Coinbase in Dane County court, alleging their prediction market offerings constitute illegal gambling operations that violate state law. The complaints cite the platforms' own marketing materials as evidence, including Kalshi's Instagram ads calling it 'The First Nationwide Legal Sports Betting Platform.' The state alleges Kalshi generates over $1 billion annually from sports contracts, representing roughly 90% of its total revenue. The enforcement action follows a similar lawsuit by New York AG Letitia James and intensifies growing federal-state regulatory conflict over prediction markets.

Decrypt

Sportradar Accused of Ties to Hundreds of Illegal Gambling Operators

In Entwicklung

Business·23.04.2026KI-Zusammenfassung

Sportradar Accused of Ties to Hundreds of Illegal Gambling Operators

A report by activist firm Callisto Research alleges Sportradar has relationships with over 270 illegal gambling operators, including some in Iran and Russian-occupied Crimea. The betting data company, which monitors integrity for FIFA, UEFA, MLB and NBA, saw its shares fall 23% after the report. Sportradar denies all allegations, stating it works exclusively with licensed operators and complies with sanctions.

Guardian Business