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CFTC signals new guidance for prediction markets as legal fight with states intensifies
The U.S. derivatives regulator is preparing new guidance and a formal rulemaking process for prediction markets, as the...

Undercover gambling sting nets machines cash across Flagler County businesses
A sweeping undercover operation targeting illegal gambling machines has led to the seizure of 20 devices and nearly $17,000 in cash from businesses in Flagler County, authorities said this week. T...

Pennsylvania regulator levies fines to casinos totaling $112,500, while expand gambling exclusion list
The gambling watchdog of Pennsylvania handed down $112,500 in fines to three operators and added eight more people to its exclusion rolls during a public meeting late last month. The Pennsylvania ...

Nevada regulators ban Wayne Nix from casinos over illegal gambling case
Nevada gambling regulators have formally barred former professional baseball player Wayne Joseph Nix from entering any licensed casino in the state, pointing to his role in a sprawling illegal sports...

AP partners with Kalshi for 2026 primaries coverage election results
The Associated Press (AP) is teaming up with Kalshi to provide its official U.S. election results to the prediction market platform as the 2026 primary season approaches. Under the agreement, AP w...

Underdog faces layoffs regulatory pressure and strategic business pivot
Fantasy sports betting firm Underdog, which once boasted hundreds of millions in venture backing and a unicorn valuation, appears to be going through a rocky stretch. In the past week, the business h...

DraftKings unveils unified Super App strategy across US markets
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Gambling Is Not Investing coalition challenges prediction markets over sports betting consumer protections
A newly formed coalition is entering the intensifying fight over sports betting and prediction markets, saying some platforms are dodging the consumer protections that govern legal gambling. The o...

From Trading Places to war markets: how insider trading slipped into prediction platforms
In the 1983 film Trading Places, two wealthy brothers set out to rig the commodities market by getting their hands on a secret government crop report. Eddie Murphy’s character uses that stolen prev...

Former New York real estate developer Joshua Schuster admits investor fraud and gambling losses scheme
A once-prominent New York City real estate developer has admitted in federal court that he cheated investors who trusted him with their money for luxury property deals to fuel a gambling habit. Jo...