News
Prediction Markets Under Fire: AGA, IGA Want Congress to Limit Prediction Markets
Prediction markets are online exchanges where people buy and sell contracts tied to future events. The American Gaming Association (AGA) and the Indian Gaming Association (IGA) are asking Congress to…
May 18, 2026
Minnesota Seeking to Ban Prediction Markets
Minnesota is seeking to ban prediction markets. The bill, which was forwarded by the Minnesota legislature on May 12, sailed through both chambers with bipartisan support and now sits on…
May 15, 2026
What Will Be the 51st State in Trump’s Term?
The world map may need a reprint much sooner than expected. Like a real-life game of RISK, prediction markets are currently grappling with a specific question: which country could become…
May 15, 2026
Trump Media Recalibrates Strategy on Truth Predict
Trump Media & Technology Group (TMTG) is significantly scaling back its ambitions to operate a proprietary prediction market. After months of anticipation surrounding the launch of Truth Predict, the parent…
May 15, 2026
New Mexico Tribes Sue Kalshi Over Sports Betting
In prediction markets news, a battle is brewing after a major federal lawsuit was filed in New Mexico. Four tribes — the Mescalero Apache Tribe and the Pueblos of Isleta,…
May 14, 2026
How High Will Inflation Get This Year?
Inflation is facing a “second wave” of volatility in mid-2026, with the annual rate climbing to 3.8%, its highest in three years. Driven by a surge in energy costs and…
May 14, 2026
Report: Campaign Staffers Profiting from Private Data
A recent report highlights the fear of insider trading in prediction markets as new evidence suggests campaign operatives are leveraging non-public information for financial gain. An investigation by NPR has…
May 12, 2026
May Gas Price Predictions: Kalshi Analysis
As the month of May progresses, one of the most active sectors in the prediction market landscape is the price at the pump. At Kalshi, the “Gas prices in the…
May 11, 2026
Kalshi Hits $22 Billion Valuation as Wall Street Bets Big on Prediction Markets
Kalshi, the New York-based prediction market platform, announced that it has closed a $1 billion Series F funding round at a $22 billion valuation. The round was led by Coatue,…
May 7, 2026
Prediction Market Apps Hit Record Volume, While Most Traders Are Losing
Prediction market apps have exploded in the past year, drawing traditional sportsbook users and new customers in states without sports betting. Last month, the total monthly volume between Kalshi and…
May 7, 2026