Kalshi and Polymarket chase $20B valuations as legal battles over sports contracts loom. Investors warn of bubble conditions and regulatory risks ahead.
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Kalshi launches preemptive federal lawsuit against Iowa regulators over prediction market oversight, joining growing national legal battle with split court rulings.
RLX Gaming deploys its complete slot collection on Fanatics Casino across New Jersey and Pennsylvania, marking a strategic expansion in the US iGaming sector.
Uruguay Senator Felipe Carballo proposes new bill establishing state-run platform and regulatory agency to control online gambling amid rising illegal activity.
Brazil’s tax authority issues comprehensive guidelines for sports betting income tax, establishing a 15% rate on net annual profits above BRL 28,467.20.
Sweden bans Novatech for unlicensed gambling operations. The move follows a record-breaking €24.9 million fine from the Netherlands for targeting locals.
Gambling.com hits $165.4M in 2025 revenue, up 30% YoY. Subscription services now 26% of revenue as firm shifts from SEO model. Stock targets $10.
Utah’s HB243 bill classifies prediction market contracts as gambling, triggering legal battles with Kalshi and raising questions about federal authority.
Ohio federal court rejects Kalshi’s injunction request, ruling prediction markets remain subject to state gambling laws despite federal commodity oversight.
Kalshi markets show 70% chance of Trump impeachment before 2028 with $1.7M in trades. Near-term odds remain low. Analysis of prediction market data.
Polymarket teams up with Palantir and TWG AI to launch AI surveillance for prediction markets amid rising insider trading concerns and regulatory scrutiny.
New research shows Gen Z increasingly uses crypto, sports betting, and prediction markets to build wealth, though data reveals most participants lose money.
Democratic lawmakers introduce two bills banning prediction markets on war, death, and assassination while targeting fraud in the rapidly growing industry.
Finland’s state gambling monopoly ends July 2027. Veikkaus restructures as international iGaming operators prepare to enter the newly regulated market.
Ukraine’s online gambling sector processed €3.95B in deposits in 2025. MPs demand regulatory reforms as money laundering red flags emerge nationwide.