Polymarket Lawsuit Tests New York Gambling Law
ReadWriteby ReadWrite·16d ago
New York Attorney General Letitia James sued Polymarket on Thursday in state court in Manhattan, alleging the prediction market platform ran an unlicensed gambling operation.
Prediction Markets: Robinhood Hits $156M Revenue
ReadWriteby ReadWrite·16d ago
Robinhood is widening its prediction-market lineup beyond sports, with crypto-linked event contracts already commanding an outsized share of activity on the platform.
Prediction Markets Lead NFL App Downloads
ReadWriteby ReadWrite·17d ago
Kalshi and Polymarket combined for 1.33 million of the 2.8 million NFL betting app downloads recorded in Week 2, extending prediction markets’ early lead over sportsbook apps.
Prediction Markets and Gambling Safeguards
ReadWriteby ReadWrite·17d ago
Prediction-market platforms are pushing to be governed only by federal swaps rules, displacing the state gambling laws that regulate casinos in Nevada and New Jersey, according to a Roosevelt...
Robinhood Prediction Markets: Revenue Hits $156M
ReadWriteby ReadWrite·17d ago
Robinhood is pushing its prediction-market business beyond sports into crypto, economic and other non-sports event contracts, a shift that comes as the segment’s revenue jumped more than tenfold...
California Tribes Challenge Kalshi: Legal Strategy
ReadWriteby ReadWrite·18d ago
Gaming attorney Daniel Wallach is urging California tribes to recruit city and county attorneys into their fight against Kalshi, arguing that tribal litigation alone won’t force the...
Kalshi Trading Volume Hits $6B Weekend Record
ReadWriteby ReadWrite·18d ago
Kalshi recorded more than $6 billion in combined trade volume over the weekend, with the NFL driving the bulk of the activity, according to data shared by TickerTracker.
Kalshi NCPG Membership Sparks Regulator Exits
ReadWriteby ReadWrite·18d ago
The Ohio Casino Control Commission quietly withdrew its membership from the National Council on Problem Gambling in June, the commission confirmed to Sports Betting Dime, becoming the third state...
New York Sports Betting Bill Awaits Hochul
ReadWriteby ReadWrite·19d ago
Both chambers of the New York Legislature have approved bill A10329, sending it to Gov. Kathy Hochul for review.
VGW Alabama Donations: $130,000 for Tuberville
ReadWriteby ReadWrite·19d ago
VGW, the operator behind Chumba Casino, LuckyLand Casino, and Global Poker, has escalated its political spending in Alabama, donating $100,000 to US Sen.
DraftKings Prediction Markets Face Tribal Backlash
ReadWriteby ReadWrite·19d ago
DraftKings’ continued push into prediction markets could cost the company its tribal sportsbook partnerships, according to Indian Gaming Association Chair Victor Rocha, who predicts the operator...
Robinhood Prediction Markets Add OG.com
ReadWriteby ReadWrite·20d ago
Robinhood is expanding its prediction-markets business through a multiyear partnership with Crypto.com and its OG.com platform, and began routing selected football event contracts to OG.com on...
Stolen-Card Fraud Hits Polymarket
ReadWriteby ReadWrite·20d ago
Polymarket’s U.S. betting platform was targeted in a stolen-card fraud scheme that attempted to siphon off at least $10 million, according to The Wall Street Journal.
Gambling-Loss Deduction: Crypto Bill Could Restore Full
ReadWriteby ReadWrite·20d ago
Lead The House Ways and Means Committee advanced a bipartisan crypto tax bill that includes a reversal of the gambling-loss deduction limit enacted in the One Big Beautiful Bill.
Ohio Online Casinos: $400M Tax Plan Explained
ReadWriteby ReadWrite·21d ago
Lead Ohio’s stalled push to legalize online casinos has a new proposal attached to it: allow digital operators to run promotions only when those promotions direct players toward the state’s...
DraftKings Promotions: Loss-Prediction Model
ReadWriteby ReadWrite·21d ago
DraftKings built a machine-learning model in 2023 using customer betting records to identify which gamblers were more likely to respond to promotions by betting – and losing – more, according to a...
Hyperliquid Open Interest: Record $16.36B
ReadWriteby ReadWrite·21d ago
Hyperliquid’s open interest reached a record $16.36 billion, according to BlockBeats, as the exchange’s push beyond crypto perpetual futures into stocks and prediction markets drew fresh trading...
Underdog Lawsuit: Connecticut Prediction Markets
ReadWriteby ReadWrite·22d ago
Underdog has filed a federal lawsuit against Connecticut officials after the state ordered the company to stop offering sports-event contracts, escalating a fight over who has authority to regulate...
Prediction Market App: Tunica-Biloxi, Kalshi Launch
ReadWriteby ReadWrite·22d ago
The Tunica-Biloxi Tribe of Louisiana launched a prediction market app on Sep. 18 through its newly formed subdivision, SaltTrade Derivatives, a move Kalshi describes as the first time a sovereign...
Prediction Markets: Genius Sports Launches Comparison Hub
ReadWriteby ReadWrite·22d ago
Genius Sports has launched Prediction.com, a consumer platform built through its Legend business that lets users compare equivalent event contracts across multiple prediction-market venues and...
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