25 February 2026
New York regulators are using a Massachusetts court order to intensify their legal effort to block Kalshi’s sports prediction markets before final rulings are issued.
Nevada escalates its legal fight against prediction markets after a Massachusetts court blocks Kalshi’s sports contracts, targeting Polymarket in state court.
A delegate from West Virginia is aiming to increase taxes on online sportsbooks from 10% to 25%. Adam Burkhammer, who has been in office since 2020, has introduced House Bill 4398 and House Bill 4397 to the Legislature.
The new chair of the Commodity Futures Trading Commission (CFTC), Michael Selig, has announced plans to future-proof the agency, signalling softer oversight of cryptocurrency and prediction markets. In a column for the Washington Post, Selig said he would seek to upgrade the authority, which he suggests is relying on decades-old rules and regulations.
A Massachusetts court has barred Kalshi from offering sports prediction contracts without a state license, dealing a major blow to nationwide prediction markets.
Meta Platforms is under fire from UK gambling regulators for allegedly allowing unlicensed gambling operators to advertise to millions of users, potentially putting vulnerable players at risk. Black market sites are appearing on platforms such as Instagram and Facebook, according to executive director of the UKGC Tim Miller.
More than €385,000 has been donated to safer gambling organisations so far during ICE, the world’s largest annual trade show for the global gaming and gambling industry, which is taking place in Barcelona this week. The issue remains top of mind for many mature markets around Europe.
In a speech marking the 90th anniversary of Brazil’s minimum wage being implemented, President Lula Da Silva placed the sports betting industry in the crosshairs of his comments. Indicating he would support the involvement by the Central Bank in regulating online betting sites, Da Silva also criticised the rapid growth of the sector.
Nevada has launched a civil enforcement action against Blockratize, the corporate entity behind prediction market platform Polymarket, escalating a sector-wide battle over how such platforms should be classified under U.S. law. At the heart of the dispute is a fundamental disagreement. State regulators are increasingly treating prediction markets as a form of gambling.
California DOJ seized 26 slot-style betting terminals at Santa Anita days after launch, escalating a legal fight over gambling enforcement and tribal exclusivity.
