Prediction Markets
34 articles tagged "Prediction Markets".
IGT to Exit Electronic Table Games in 2027, Highlighting Industry Consolidation Trend
IGT will close its electronic table games division in 2027 as part of a strategic shift under private-equity owner Apollo Global Management, reflecting a broader industry trend among suppliers and operators to consolidate around core businesses and shed non-core assets.
Google to Ban Real-Money Prediction Market Extensions from Chrome Web Store by August 2026
Google will ban Chrome Web Store extensions that facilitate real-money prediction markets by August 1, 2026, tightening data rules and expanding its gambling advertisement certification requirements. The move follows increased regulatory scrutiny and mirrors prior restrictions on social casino marketing.
Underdog launches wholly owned CFTC-licensed prediction market exchange amid ongoing regulatory uncertainty
Underdog has launched its own CFTC-licensed prediction market exchange, becoming the first sports company to hold the full regulatory license stack, as the industry faces ongoing legal disputes between federal commodities law and state gambling regulations.
Europe Takes Divergent Approaches to Prediction Markets as Gibraltar Licenses and Czech Republic Blocks
Gibraltar has launched the first dedicated regulatory framework for prediction markets, distinguishing them from gambling, while the Czech Republic has blocked Polymarket as illegal betting, and the Council of Europe has called for stronger integrity measures following the 2026 FIFA World Cup.
Ninth Circuit Panel Presses Kalshi on Tribal Lands Sports Contracts in IGRA Challenge
A Ninth Circuit panel expressed skepticism toward Kalshi's argument that its CFTC-regulated sports contracts are not sports betting, as three California tribes seek to revive an injunction barring the platform from offering those contracts on tribal lands under the Indian Gaming Regulatory Act. The court did not rule from the bench and has no set deadline for a decision.
Italy blocks Polymarket as Gibraltar unveils first dedicated prediction markets regime
Italy has blocked Polymarket for a second time, joining a multi-country European crackdown, while Gibraltar has launched the world's first dedicated prediction markets regulatory framework and licensed its first operators, ADI Predictstreet and WagerWire.
Arizona Governor Bars State Workers from Profiting via Prediction Markets with Inside Knowledge
Arizona Governor Katie Hobbs has signed an executive order banning state employees from using non-public information to profit from prediction markets, with violations risking dismissal and law enforcement referral. North Carolina Governor Josh Stein has issued a similar order extending existing ethics rules to prediction markets.
Dutch Gambling Authority Rejects Polymarket's Appeal, Upholds Sanction
The Dutch KSA has dismissed Polymarket's appeal, upholding a January sanction that the platform offered illegal gambling by allowing wagers on future events. The regulator rejected arguments based on blockchain technology, financial regulation, and proportionality, and penalties now apply after the operator missed a compliance deadline.
ADI Predictstreet Gains Gibraltar Approval for Expanded Prediction Markets Amidst German Regulatory Probe
Gibraltar-licensed ADI Predictstreet has secured regulatory approval in Gibraltar to expand its prediction markets beyond football to include various other sectors. This expansion comes as the company faces an ongoing investigation from Germany's GGL concerning its advertising practices during the World Cup due to operating without a German license.
DraftKings Initiates DKeX Prediction Market Exchange, Facing Scrutiny Over Investment Returns
DraftKings has launched DKeX, a new prediction market exchange, aiming to generate trading fees and strengthen its market-making capabilities. While CEO Jason Robins is highly optimistic about its potential for growth and integration, analysts question if these revenues will offset the substantial initial investment and projected losses, which could reach hundreds of millions in 2026.