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Is betting on elections using prediction markets illegal? Many states are unsure as midterms approach

Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.
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CFTC flexes emergency authority to keep Kalshi operating amid New York lawsuit

The CFTC flexed its emergency authority and ordered Kalshi to keep operating after the platform was sued last month in New York.
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There’s A Lot Of Polymarket On MLB TV - The Closing Line

There’s A Lot Of Polymarket On MLB TV The Closing Line
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β€˜Profiting off misery.' Lawmakers push back on Polymarket bets on deadly LA wildfires - NBC Los Angeles

β€˜Profiting off misery.' Lawmakers push back on Polymarket bets on deadly LA wildfires NBC Los Angeles
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2 Mississippi State football players caught sports gambling on NFL, NBA | Exclusive

Documents show two Mississippi State football players were caught sports gambling on the Super Bowl and NBA using Kalshi in February.
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Kalshi first prediction market to stream full order books via DoubleZero

The move gives institutional traders direct access to Level 1 and Level 2 data without having to reconstruct the book from APIs.
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Gambling and Prediction Market Interests Pour Millions Into Florida Elections, Largely to Donalds

Republican gubernatorial candidate Byron Donalds has attracted donations from prediction markets, gaming operators and the Seminole Tribe. Gambling companies and tribal gaming stakeholders have poured more than $12 million into Florida politics ahead of the 2026 midterm elections, as sportsbook operators and prediction market companies…