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Today in prediction market news, we’re following the biggest developments shaping the industry, including growing scrutiny of Polymarket’s marketing practices, reports of a new Commodity Futures Trading Commission investigation, lawmakers calling for a federal probe, and Meta CEO Mark Zuckerberg’s push to explore partnerships with Polymarket and Kalshi. We’ll also track Kalshi’s latest strategic moves, market reactions, and breaking developments across prediction ma

Polymarket is dealing with mounting problems on several fronts after a phishing campaign stole millions of dollars from users just as the prediction market platform faces growing pressure from lawmakers, regulators and fresh criticism over its marketing strategy and public image. On Thursday (June 25), the company disclosed that a third-party vendor supporting its frontend had been compromised, allowing attackers to inject malicious code that targeted some users. Polymarket said it quickly re

The federal government has stepped into Kalshi’s legal fight with Rhode Island, arguing the state cannot use its gambling laws to restrict federally regulated prediction market contracts. The move widens the dispute over who controls event-based financial products tied to sports and other outcomes. The United States and the Commodity Futures Trading Commission filed a proposed complaint in the U.S. District Court for the District of Rhode Island, asking to join Kalshi’s lawsuit and stop state

North Carolina is one step closer to changing several tax rules tied to its legal online sports betting market after lawmakers approved a wide-ranging revenue bill. Senate Bill 595, titled “Various Revenue Laws Changes,” has cleared the General Assembly and now awaits action from Gov. Josh Stein. While the legislation covers many tax issues, it also includes several provisions that directly affect licensed interactive sports wagering operators and some players who collect gambling wi

Today in prediction market news, we’re tracking the biggest developments across the industry in real time, including a federal judge’s decision to send Kalshi’s lawsuit against Michigan back to state court, new legal filings involving Kalshi and the New Mexico Tribes, and fresh momentum for federal prediction market legislation on Capitol Hill. We’ll also cover the Senate Democrats’ effort to limit the CFTC’s litigation funding, and the latest exchange fee fil

The Indiana Gaming Commission spent more than an hour Thursday hearing sharply different views on whether the state should prohibit proposition bets tied to individual college athletes. NCAA officials urged regulators to put student-athlete welfare first, while sportsbook operators argued that removing the wagers from legal markets would push bettors toward illegal platforms and reduce the industry’s ability to spot suspicious activity. In the end, the motion was tabled until its next meet

Fanatics Sportsbook is rolling out a new initiative with Integrity Compliance 360 (IC360) and Signify Group that aims to identify sports bettors who threaten or harass athletes, coaches and officials online, with violators potentially losing access to their betting accounts. Today, @FanaticsBook announced the ProhiBet Bad Actor Program, an industry-first initiative designed to identify individuals who target athletes, coaches, and sports officials with online abuse or threats.These users wil

Today in prediction market news, we’re tracking the biggest developments across the industry in real time, including reports that Meta is exploring prediction markets, new legal challenges involving the Commodity Futures Trading Commission. Follow our live blog throughout the day for breaking updates, market reactions, and analysis from across the prediction markets, sports event trading, crypto, and regulated forecasting industries. The post Meta ‘eyes its own exchange,’ more CFTC l

A proposed change to the Lumbee Tribe of North Carolina constitution has been defeated by voters, stopping plans that could have opened the door to future tribal gaming projects and a possible casino resort in Robeson County. The result followed months of discussion inside the tribe about whether gaming should become part of a broader economic development strategy after federal recognition was secured in 2025. BREAKING: Lumbee Chairman John Lowery says that the Tribe’s gaming amendment ha

The NFL has turned down a request from college quarterback Brendan Sorsby for special eligibility to enter the league through a Supplemental Draft, pointing to both the circumstances of his NCAA ineligibility and the league’s decision not to hold a Supplemental Draft in 2026. In a June 23 letter sent to Sorsby, NFL Management Council General Counsel Lawrence P. Ferazani Jr. said the league had reviewed a Petition for Special Eligibility dated June 16 and decided not to grant it. Here’s th

Meta shares traded near $562.20 and fell roughly 5.3% over the past five sessions as investors weighed a report that the company may be developing a standalone prediction market application. The New York Times reported that Chief Executive Mark Zuckerberg has directed employees to build an experimental product that could eventually compete for user attention with prediction-market platforms such as Polymarket and Kalshi. importantly, the app is currently experimental and will not include

The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in a growing dispute over prediction markets and event-based contracts. A lawsuit filed June 23 in the U.S. District Court for the Eastern District of Kentucky asks a judge to declare that state gambling laws cannot be applied to event contracts traded on exchanges regulated by the CFTC. The agency is also seeking a permanent injunction that would prevent Kentu

Today in gambling news, we’re tracking two pivotal votes in North Carolina – one that paves the way for a revised tax bill that includes sports betting changes, and one that would potentially see the Lumbee Tribe construct a land-based casino in the southeastern section of the state. Beyond that, both New York and Maryland have increased involvement in the horse racing world for two very different reasons, and more is sure to come. Follow our live blog throughout the day for the late

Today in prediction market news, we’re tracking the biggest developments across the industry in real time, including new scrutiny surrounding Polymarket’s U.S. promotion practices, Minnesota’s legal challenge accusing the Trump administration of rapidly deregulating prediction markets, Underdog’s first CFTC rule filings following its Aristotle Exchange acquisition, Charles Schwab’s entry into the prediction markets business, and fresh federal legislation targeting the sector. Follow our live blo

New York racing regulators have started a statewide review of fire prevention and suppression systems in horse barns after a devastating blaze at Saratoga Casino Hotel’s harness track claimed the lives of 17 horses. The fire broke out before dawn on June 16 at the Saratoga Springs facility. According to the Saratoga Springs Fire Department, crews were dispatched to a reported structure fire at about 2:31 a.m. at the harness racing complex on Nelson Avenue. In the interim, the Commission s

Australia’s media regulator has found that SBS broke gambling advertising rules when it carried a Crown Resorts commercial during live coverage of the 2025 Tour de France. The decision, completed on March 31, 2026, focused on a 30-second Crown Sydney advertisement shown during the cycling broadcast. ACMA determined the commercial amounted to gambling advertising and was screened during a period when such promotions were not permitted. A Crown Sydney advertisement that largely showcas

Minnesota is telling a federal court that prediction markets carry risks ranging from gambling addiction to insider trading as officials work to preserve a new state law facing challenges from Kalshi, Polymarket and the U.S. Commodity Futures Trading Commission. In a memorandum filed June 18, state attorneys asked the U.S. District Court for the District of Minnesota to reject requests for preliminary injunctions that would block the law before its August 1 effective date. The state maintains

Today in prediction market news, we’re tracking the biggest developments across the industry in real time, including reports of Kalshi’s early IPO discussions, disputes over alleged fake stories and misinformation, new legislation that could reshape the sector, and other major stories impacting prediction markets, sports event trading, and regulated forecasting platforms. Follow our live blog throughout the day for breaking updates, market reactions, and analysis from across the prediction marke

Kalshi is pushing back against a report that said the prediction-market platform was investigating U.S. Sen. Jim Banks and Indiana State Rep. Andrew Ireland over alleged insider trading connected to Indiana’s Secretary of State race. Robert Denault, the company’s head of enforcement and legal counsel, said that claim is wrong and stated that Kalshi has not found evidence of suspicious activity in the market cited by the report. This is false. Kalshi is not investigating Sen. Banks or Stat

A new House proposal would block members of Congress and their immediate families from taking part in certain prediction market trades linked to government decisions, political developments, and information obtained through public service. House Administration Committee Chairman Bryan Steil introduced the Stop Lawmakers from Predicting Act on June 18. The measure seeks to update federal ethics rules by preventing lawmakers, spouses, and dependent children from earning money through prediction