Kalshi's app was downloaded over 3 million times in January 2026, more than DraftKings or FanDuel have ever done in a single month. Prediction markets are eating sports betting alive.
Nevada and Connecticut are leading a multi-state assault on prediction markets. A February 12 hearing in Connecticut could determine the future of betting on everything.
The prediction market leader is drowning in class action lawsuits alleging it operates an unlicensed gambling platform. Here's what's happening.
The Volunteer State says prediction markets are illegal gambling. Kalshi, Polymarket, and Crypto.com have until month's end to stop serving Tennessee residents.
Tennessee regulators order Kalshi, Polymarket, and Crypto.com to stop offering sports-related prediction contracts to state residents by month's end.
Kalshi, Robinhood, and Crypto.com battle state regulators in courts across America. Is sports event trading gambling or derivatives? 2026 will decide.
The battle over sports event contracts is escalating. With 20+ lawsuits pending against Kalshi and competitors, the fight is likely headed to the nation's highest court.
The year in gambling had clear victors and casualties. Prediction markets took over, traditional sportsbooks scrambled, and ESPN Bet couldn't even make it two years.