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Kalshi is turning to a federal appeals court in hopes of stopping Connecticut from enforcing its gambling laws against the company’s sports-event contracts while its legal challenge continues. On Monday (August 17), Kalshi filed an emergency injunction request with the Second Circuit. The move followed U.S. District Judge Vernon D. Oliver’s August 15 refusal to pause enforcement while Kalshi appeals his earlier decision denying preliminary relief. Kalshi has filed an emergency motion for

Today in prediction market news, we’re following another busy day for Kalshi, including its escalating geofencing fight with Nevada regulators, a Connecticut federal court’s rejection of its bid for an injunction pending appeal, and sports-mention markets becoming temporarily unavailable amid a federal investigation. We’ll also track Novig’s lawsuit against Wisconsin, JPMorgan’s reported decision to end its banking relationship with Polymarket over regulatory concerns, Trump’s meeting with crypt

A federal judge in Connecticut will allow state officials to keep enforcing gambling laws against prediction-market operator Kalshi while the company takes its case to an appeals court. U.S. District Judge Vernon D. Oliver turned down Kalshi’s emergency bid for an injunction pending appeal on August 15. He also denied its backup request for temporary administrative relief while Kalshi asks the Second Circuit for an injunction. BREAKING: Connecticut federal court rebukes CFTC’s declaration

Kalshi and Nevada’s gaming regulator are accusing each other of wrongdoing as their long-running court fight shifts to whether the prediction market properly blocked trading inside the state. The latest disagreement concerns an August 12, 2026 deadline requiring Kalshi to finish installing third-party geofencing in Nevada. According to The Nevada Independent, the gaming control board returned to court August 14, arguing Kalshi had failed to meet that requirement. Kalshi insists the technology

Novig has taken Wisconsin officials to federal court, aiming to prevent the state from using its gambling laws against sports event contracts available through the company’s federally supervised exchange. Ludlow Exchange LLC, operating as Novig, lodged the case Friday (August 14) in Wisconsin’s Western District federal court. Attorney General Joshua Kaul and Division of Gaming administrator John Dillett are named as defendants in their official roles. The company says federal commodities l

Two companies tied to Aristotle’s exchange business are suing Underdog Sports Holdings, CEO Jeremy Levine and several other defendants, months after Underdog unveiled plans to buy Aristotle’s federally regulated exchange operations. Aristotle Exchange Holding Company 1, Inc. and Aristotle International, Inc. brought the case August 12 in Delaware Court of Chancery, according to case details Levine shared. Along with Underdog and Levine, the defendants include IG Group Holdings PLC, Brandon St

Baltimore is taking Kalshi and Polymarket to court, alleging the prediction-market companies are effectively running illegal sportsbooks while describing their products as legitimate financial contracts. Mayor Brandon M. Scott and the Baltimore City Council filed separate lawsuits Thursday in Baltimore City Circuit Court. Both cases accuse the platforms of violating the city’s Consumer Protection Ordinance because they allegedly offer sports betting without Maryland licenses and misrepresent

A Washington judge has imposed new limits on Kalshi, giving the prediction market operator firm deadlines to stop people in the state from buying contracts linked to sports, elections, politics and other topics. King County Superior Court Judge John McHale signed the amended preliminary injunction on August 12. He had previously concluded that Washington was likely to prove Kalshi was violating state gambling and consumer protection laws. We’re holding Kalshi accountable for running an il

Independent MP Andrew Wilkie has taken the fight over gambling reform to the National Anti-Corruption Commission, asking it to examine whether industry influence improperly shaped federal government policy. Today I have referred to the National Anti-Corruption Commission my concern that individuals in the Federal Government, when formulating gambling policy, have been improperly influenced by individuals in the private sector. #auspol #politas pic.twitter.com/Phf9CVJJos— Andrew Wilkie

FlightAware has voluntarily dismissed its federal lawsuit against prediction market operator Kalshi just one day after filing the case, bringing the litigation to an abrupt halt while preserving its ability to sue again in the future. The notice of voluntary dismissal was filed August 11 in the U.S. District Court for the Southern District of New York. FlightAware ended the case without prejudice under Federal Rule of Civil Procedure 41(a)(1)(A)(i), a rule that allows plaintiffs to withdraw a

Kalshi can keep operating for now after the Commodity Futures Trading Commission (CFTC) invoked its emergency powers, warning that an effort by New York to restrict the prediction-market exchange could disrupt derivatives markets in the United States and internationally if the platform were forced to shut down. The CFTC issued its emergency order on August 11 after Kalshi notified the regulator on August 1 that New York’s pending request for a temporary restraining order had created what it d

Today in prediction market news, we’re following another busy day for Kalshi, including its appeal of a Connecticut federal court ruling, a new trademark lawsuit from FlightAware, and a partnership with Nasdaq. We’ll also track the CFTC’s upcoming Innovation Advisory Committee meeting, ProphetX and Pikkit teaming up on regulated sports prediction markets, and breaking developments across prediction markets, regulation, elections, crypto, and sports event trading throughout the day. The post Flig

Three members of Congress want Major League Baseball (MLB) and the players union to tighten rules that allow athletes to appear in sportsbook promotions after a personalized video featuring Philadelphia Phillies star Bryce Harper was sent to a customer battling gambling addiction. In an August 10 letter to Commissioner Robert D. Manfred and Major League Baseball Players Association Executive Director Bruce Meyer, Sen. Richard Blumenthal and Reps. Paul D. Tonko and Valerie P. Foushee argued th

The Scotts Valley Band of Pomo Indians has returned to federal court after the U.S. Department of the Interior reversed course on whether its trust land in Vallejo, California, can be used for gaming.  The lawsuit, filed August 7 in the U.S. District Court for the District of Columbia, challenges the department’s July 30 decision that the roughly 160-acre property does not qualify as the tribe’s “restored lands” under the Indian Gaming Regulatory Act, known as IGR

FanDuel will pay Iowa regulators $95,000 after acknowledging that its sportsbook offered wagers the state had not approved. The Iowa Racing and Gaming Commission approved the stipulated agreement with Betfair Interactive US LLC, FanDuel Sportsbook’s operator. The case covers two compliance violations. During the period involved, Betfair held licenses for retail sports betting at Diamond Jo Dubuque and Diamond Jo Worth while also running FanDuel’s licensed online sportsbook in Iowa. FanDuel

A federal judge has handed Connecticut regulators an early victory in their fight with prediction market operator Kalshi, refusing to stop the state from enforcing its gambling laws while the lawsuit moves forward. Kalshi has appealed the Connecticut federal district court's denial of its motion for preliminary injunction to the Second Circuit Court of Appeals. The next step: asking Judge Oliver and then the CA2 to enter an immediate injunction pending appeal to block state-law enforceme

FlightAware is suing prediction-market operator Kalshi, accusing the company of using its flight-tracking information and trademarks without permission to run and settle wagers on airline cancellations. Filed in federal court in New York, the case names Kalshi Inc., KalshiEX LLC, Kalshi Klear Inc. and Kalshi Klear LLC. FlightAware wants damages and an injunction preventing further use of its information and branding in cancellation markets. According to the complaint, “Kalshi is usin

Today in prediction market news, we’re following a wave of legal and regulatory developments across the industry, including Novig filing lawsuits against Washington, Massachusetts, and New Mexico, New York seeking to move its Kalshi case back to state court, and the CFTC appealing the Wisconsin prediction market ruling. We’ll also track Kalshi’s emergency bid for an injunction in Utah, the CFTC’s latest warning to prediction markets, and breaking developments across prediction markets, regulatio

Honolulu police shut down an alleged illegal gambling room in Ewa Beach on Thursday, seizing gaming machines, cash and arresting a man during a search tied to the department’s continuing crackdown on underground gambling operations. Officers carried out a search warrant at a property on Old Fort Weaver Road at about 5 p.m. on August 6, according to the Honolulu Police Department. The operation was led by the department’s Narcotics/Vice Division Gambling Detail, with assistance from the Distri

Bally’s is slowing parts of construction on its $1.7 billion permanent Chicago casino as it pushes back against the possible expansion of video gambling terminals (VGTs) in the city. The company told the Chicago Community Builders Collective that it is “resetting the pace” of some work. For now, the corporation says that adjustment will not delay the casino’s planned early 2027 opening. “Bally’s issued a notification to the Chicago Community Builders Collective (CCBC) that it is rese