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Regulations News

17 March 2026

Prediction market contracts are sports betting, Ohio judge rules

Ohio judge calls prediction market sports betting

Prediction markets have been dealt another blow in the courts after an Ohio judge dismissed a request from Kalshi for an injunction against the Ohio Casino Control Commission (OCCC). The authority is aiming to curtail Kalshi and other companies from operating as an “unlicensed sportsbook” that is “facilitating bookmaking”.

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Georgia lawmakers to block voters on sports betting

Georgia lawmakers block voters on sports betting

A bill to legalize sports betting in the state of Georgia was overwhelmingly rejected by lawmakers, ensuring the practice remains illegal. House Resolution 450 crashed and burned in the General Assembly, receiving just 63 Yeas and a massive 98 Nays. It needed 120 votes to pass before a key legislative deadline.

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Insider trading accused by Kalshi

Senators introduce bill banning lawmakers from prediction market trades

A pair of Democratic senators have introduced a bill that bans lawmakers from taking a trading position on prediction market sites, such as Kalshi and Polymarket. Oregon’s Jeff Merkley and Minnesota’s Amy Klobuchar are behind the End Prediction Market Corruption Act, which would also restrict other executive branch officials from profiting on the platform.

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