CFTC

What the Kalshi Rulings Mean for the Numbers on Your Screen

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Comparison graphic showing the Tampa Bay Rays World Series price in late July 2026. Five sportsbooks ranged from +1200 to +1700 on July 31, a spread of 500 points. Polymarket had them at +1752 on July 28, which is 52 points past the longest sportsbook price.

A federal judge in Utah ruled Tuesday that the state’s ban on gambling reaches Kalshi’s sports event contracts. Four days earlier, New York sued the company for running what its attorney general describes as an unlicensed gambling operation. The Kalshi lawsuit docket now covers most of the country. Nothing about it points one way. What … Read more

Prediction Markets vs Sportsbooks: What Bettors Need to Know

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Infographic showing prediction markets industry growth. Kalshi weekly trading volume exceeds $1 billion. Valuation grew from $5B to $11B. Sports accounts for 87% of volume. DraftKings Predictions now available in 38 states.

A New Way to Bet on Sports If you live in California, Texas, or one of the other states where sports betting remains illegal, you can now wager on NFL games through a loophole that has state regulators scrambling. Prediction markets like Kalshi and new offerings from DraftKings and FanDuel are accepting sports wagers in … Read more