1+ day, 1+ hour ago   (765+ words) Senator on predictions vs. sports bets: 'They're just dressed up differently' As Texas lawmakers began Tuesday to educate themselves about prediction markets — in particular, sports and election contracts — it was clear what at least one senator thinks of allowing them…...

2+ day, 1+ hour ago   (317+ words) Customers were upset, and company wrote an apology calling the issue 'unacceptable' A day after FanDuel’s traditional, salary-cap daily fantasy sports platform was offline for more than two hours, the company announced Monday afternoon that all net losses to all…...

5+ day, 23+ hour ago   (524+ words) Kalshi is seeking a new en banc hearing, in front of 11 judges, while Robinhood is applying for the Supreme Court to hear the case Kalshi and Robinhood took different paths on Wednesday to challenge the Ninth Circuit’s ruling against prediction…...

6+ day, 6+ hour ago   (564+ words) Professors suggest that retail event-contract winnings be taxed as ordinary income, with losses sharply limited If it’s a day ending in “Y,” there’s going to be discussion of whether prediction market profits should be taxed as investments or taxed as…...

1+ week, 7+ hour ago   (1605+ words) Lawyers say the CFTC's proposed definition of the word may not be the best interpretation The CFTC’s notice of proposed rulemaking that closed in July received more than 1,000 comments about the details of prediction market regulation. Among them was one…...

1+ week, 4+ hour ago   (350+ words) Elsewhere, a federal court in Iowa added to Kalshi's losing streak In August, the U.S. District Court for the District of Utah ruled that the state can enforce its ban on gambling against Kalshi’s sports contracts. Utah is one of only…...

1+ week, 5+ hour ago   (1028+ words) Prediction markets are the company’s future, and fantasy players in seven states are losing out from it One of the questions I keep seeing popping up on X is whether Underdog would have pulled the plug on draft (read: fantasy)…...

1+ week, 7+ hour ago   (312+ words) Tribal law extends to private companies, lawyers write in support of motion for preliminary injunction Being a private company does not absolve Kalshi from being required to adhere to tribal law on tribal land, four New Mexico tribes argued in…...

1+ week, 1+ day ago   (476+ words) The 2026 football season should be the best one yet — at least through a financial lens, so writes analyst Jordan Bender of Citizens. In an industry note Tuesday, Bender wrote that his team expects $35 billion in regulated sportsbook football handle, up…...