22 May 2026
Research from a joint study in the UK has poured water on claims gambling reforms would have a mammoth impact on the annual reduction in industry gross gambling yield of up to £812 million. The study was compiled by the National Institute of Economic and Social Research (NIESR) and the University of Glasgow.
The future of the sports betting industry will face strict scrutiny before the senate after a sports integrity hearing was scheduled for May 20th. The hearing will be live streamed on YouTube and held by the Senate Commerce Subcommittee on Consumer Protection, Technology, and Data Privacy.
Massachusetts’ highest court appeared skeptical of Kalshi’s claim that its sports event contracts fall outside state gambling law. The hearing could shape one of the key state cases in the national prediction market fight.
The NCAA wants a faster court schedule in its trademark case against DraftKings over March Madness terms. The association hopes to get the dispute heard before the next tournament cycle.
A federal judge has blocked Arizona from enforcing gambling laws against Kalshi’s event contracts while the case continues. The ruling gives the CFTC and Kalshi another win in the wider prediction market fight.
New Jersey lawmakers want a temporary 10% surcharge on online sports betting revenue tied to the 2026 World Cup. The bills are part of a wider push to cover tournament costs around MetLife Stadium.
Lula plans to block users of Brazil’s new Novo Desenrola debt program from licensed betting sites for one year. The move adds a new restriction as the government links betting to household financial pressure.
Coinbase has urged the CFTC to regulate prediction markets under the existing derivatives framework. The company said new event-contract rules are not needed if oversight is applied through current law.
The prediction market platform Kalshi is taking steps to remove minors from opening an account, but will continue to allow 18-20 year-olds to trade, according to reports. Children are already barred from placing trades, but in an interview with Axios, CEO Tarek Mansour says the company is taking additional steps to restrict access.
India has brought its new online gaming rules into force, giving the central government a formal process to classify games. The framework also puts enforcement of the country’s ban on online money games into operation.
