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NFL asks prediction market operators to refrain from ‘objectionable bets’
The NFL shield logo on the field during a preseason game between the Los Angeles Rams and the Houston Texans at NRG Stadium in Houston on Aug. 24, 2024. Ric Tapia | Getty Images Sport | Getty Images The NFL is asking prediction market operators to keep specific event contracts that the league deems “objectionable […]
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Prediction markets’ new insider-trading restrictions aren’t enough, bipartisan senators say
A pair of bipartisan senators on Wednesday said they’re keeping their push to ban sports prediction market contracts, despite Kalshi and Polymarket announcing new insider-trading restrictions on their platforms. “It’s got to be more than an aspirational statement by these companies,” Sen. Adam Schiff, D-Calif., told CNBC’s “Squawk Box” when asked about those platforms’ self-imposed […]
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Major League Baseball names Polymarket exclusive prediction market partner
Shayne Coplan, chief executive officer of Polymarket, on the floor of the New York Stock Exchange (NYSE) in New York, US, on Thursday, Nov. 13, 2025. Michael Nagle | Bloomberg | Getty Images Major League Baseball on Thursday announced it was naming Polymarket its official prediction market partner. The association also signed a memorandum of […]
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Arizona charges Kalshi with criminal misdemeanors, alleging it’s an illegal gambling operation
The Kalshi market “Will Iran effectively close the Strait of Hormuz for 7+ days?” appears on a smartphone screen, with the Kalshi logo displayed on a laptop computer screen in the background, in this photo illustration taken in Chania, Greece, March 9, 2026. Nikolas Kokovlis | Nurphoto | Getty Images Arizona’s attorney general has filed […]
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Fertitta in weekend deal talks to acquire Caesars, while billionaire Carl Icahn waits in the wings
Caesars Palace Las Vegas Hotel and Casino located along the Las Vegas Strip in Las Vegas, Nevada Robert Alexander | Getty Images Tilman Fertitta’s Fertitta Entertainment is actively negotiating a deal to acquire Caesars Entertainment, according to sources close to the situation. The deal terms currently stand at $32 per share, with an equity value […]
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Trump urges Congress to ‘fix’ college football money mess
U.S. President Donald Trump speaks during a round table on collegiate sports in the White House in Washington, D.C., March 6, 2026. Nathan Howard | Reuters President Donald Trump on Friday urged Congress to “fix” what he described as an untenable financial situation in college sports because of the relatively new system of payments to […]
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Merkley proposes prediction market ban for government officials after Maduro, Iran bets
U.S. Sen. Jeff Merkley (D-Ore,) speaks during a press conference addressing a new policy that demands recipients of foreign military aid to follow international humanitarian law at the U.S. Capitol in Washington, U.S., February 9, 2024. Nathan Howard | Reuters Payouts to unnamed bettors after the ouster of former Venezuelan President Nicolás Maduro and the […]
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Prediction market ‘gambling’ needs state regulation, not feds, Mick Mulvaney says after Iran war bets
Buying contracts on prediction markets is just another word for “gambling,” says former Trump White House Chief of Staff Mick Mulvaney, who is leading a coalition that wants state authorities, not a federal commodities agency, to regulate that growing industry. “The simple answer is that it’s gambling. It just is,” Mulvaney told CNBC’s Contessa Brewer, […]
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Iran war prediction market bets draw heat: ‘Insane this is legal’
Prediction markets are facing renewed scrutiny from federal lawmakers after wagers about the fate of Iranian leader Ayatollah Ali Khamenei, who was killed in the Saturday bombardment of Iran. “It’s insane this is legal,” said Sen. Chris Murphy, D-Conn., in a post to X, referring to another post highlighting people who had made money on […]
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CFTC defends its right to prediction market enforcement as states challenge platforms
Michael Selig, U.S. President Trump’s nominee to serve as Commodity Futures Trading Commission (CFTC) chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill in Washington, D.C., U.S., Nov. 19, 2025. Jonathan Ernst | Reuters The Commodity Futures Trading Commission filed an amicus brief in federal court on Tuesday to assert […]
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