A Washington state court issued a final order requiring prediction market platform Kalshi to immediately stop accepting and brokering new event contracts tied to sports, elections, politics, and entertainment categories.
A man faces jail time after allegedly using a rat emoji in connection with illegal sports betting activities, coinciding with new Colorado laws on sports betting and social media search warrants taking effect.
Fanatics purchased BGC's Water Street Labs and CX Clearinghouse, gaining the ability to list and settle its own event contracts on a federally regulated platform. The deal positions Fanatics to compete directly with DraftKings and FanDuel in the rapidly growing prediction markets sector.
