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Ohio’s renewed cease-and-desist order against Robinhood Derivatives highlights a growing state-by-state challenge to prediction markets, even as Robinhood’s event-contract business posts rapid growth.
Oklahoma's new law banning sweepstakes casinos starts Nov. 1, 2026, and operators may leave the state before then, putting unredeemed Sweeps Coin balances at risk.
Four Native American tribes launched prediction apps with Kalshi this week, adding a new tribal partnership push as courts remain split on how the products should be regulated.
Kalshi, Polymarket and the Coalition for Prediction Markets have spent at least $3 million on lobbying and political giving in 2026 as the fight over state versus federal control intensifies.
Sen. Richard Blumenthal said he will seek information from DraftKings and prediction market platforms after criticizing FanDuel’s response on VIP bettor safeguards.
Benzinga reported that prediction markets are adding competitive pressure on DraftKings and Flutter, while a viewer poll showed most respondents expect adaptation, merger, or say it is too early to tell.
