Digital Content Strategist
A House Agriculture subcommittee hearing put sports event contracts under fresh scrutiny, with Rep. Dusty Johnson saying Congress should not stay silent as lawmakers and witnesses split on whether the products are regulated prediction markets or unlicensed sports betting.
Federal lobbying around prediction markets is accelerating in 2026, with Kalshi, Polymarket-linked advocates and casino interests all spending more as Congress and the CFTC debate how event contracts should be regulated.
A Washington state judge granted a preliminary injunction blocking Kalshi from offering event contracts in the state, the latest court setback for the prediction market platform as disputes over state gambling laws continue, including in New York.
FanDuel and DraftKings have asked a Philadelphia court to throw out a lawsuit from two bettors who allege the operators’ mobile sportsbook products and microbetting features contributed to gambling addiction.
Batavia Downs Gaming and Western Regional Off-Track Betting leaders say a new strategic planning effort is meant to align the board and management around growth priorities for the next three to five years.
A new industry commentary argues prediction markets are still overwhelmingly associated with sports gambling, despite growing publicity around business hedging examples such as a New York City bar using Kalshi during the NBA Finals.
