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Gambling Regulation

2 GoKawiil briefs on this topic

Polymarket and Kalshi Expand Into Media as Prediction-Market Regulation Fight Looms

Polymarket runs a daily newsletter summarizing news events tied to its betting markets, resembling a political news roundup rather than a financial disclosure. Both Polymarket and rival Kalshi have struck data-sharing partnerships with major media companies—Polymarket with Dow Jones and Substack, Kalshi with CNN, CNBC, and Fox—embedding themselves into roughly a quarter of top S&P 500 communications firms, though none of these deals involve actual trading.

Appeals Court Says States May Treat Prediction Markets as Gambling

A federal appeals court ruled that states retain authority to regulate prediction markets under their gambling laws, rejecting arguments that federal oversight preempts state action. The decision addresses ongoing legal disputes over platforms like Kalshi that offer event-based betting contracts.