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Everything is gambling now: the latest news on prediction markets like Polymarket and Kalshi

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Consultation published in error proposes 30% UK gambling license fee hike
The UK Department for Culture, Media and Sport (DCMS) has published a consultation document in error that shows a proposed 30% increase in the gambling license fee. The information was published on th...

Judge leaning towards a 30-day timeline for Kalshi to implement geofencing in Massachusetts
A judge in the Massachusetts Superior Court has published preliminary thoughts around a 30-day timeline for Kalshi to implement geofencing technology. Geofencing is a digital barrier that functions li...

Judge denies Nevada’s request for temporary restraining order against Polymarket
The Polymarket and Nevada saga remains to be ongoing, as a judge has denied Nevada’s request for a temporary restraining order (TRO) which marks a small win for the prediction market. This refers to...

Fanatics will continue to operate its mobile sportsbook in Illinois, despite Hawthorne Race Course suspension
Fanatics Betting and Gaming has announced that it will continue to operate mobile sportsbooks in Illinois with a market-access partnership with PENN Entertainment through Argosy Casino Alton. Followin...

NYC snowfall sees millions of dollars traded on prediction markets
The recent snowstorm in New York City surprisingly led to Kalshi’s largest climate-related market, according to a report, but not everyone is happy with the outcome. It also comes just weeks after P...

Hawaii lawmakers introduce bill that would ban prediction markets
The House Bill 2198 has been introduced in Hawaii, which would see prediction markets be included in the definition of gambling, making them banned in the US state. The summary of the bill reads as: �...

Problem gambling found to be higher among those exposed to gambling as children
The Gambling Authority of Ireland (GRAI) has found that problem gambling is much more likely amongst people who were exposed to gambling as children. The study, which was conducted by the ESRI’s Beh...

Third Amarillo cockfighting figure sentenced in federal gambling investigation case
A third individual linked to an Amarillo cockfighting ring has been sentenced as part of a wider gambling investigation. A custodial jail term was imposed on Salvador Sanchez Chávez, 49, after the ca...

Iowa Senate shelves bill to ban smoking on casino gaming floors
A bill that would have banned smoking on casino gaming floors in Iowa didn’t go anywhere this week, after a Senate subcommittee voted to shelve the proposal indefinitely. The legislation, Senate Fil...

Catawba Nation announces it has filed for state recognition in North Carolina, with a casino soon to open
The Catawba Nation Chief, Brian Harris, has taken to social media to share the latest vision for the federally recognized tribe in South Carolina. Harris starts by sharing the new introductions and im...