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New York sued Polymarket and asked a court to block the prediction market platform from operating in the state, arguing its contracts qualify as gambling under state law.
Kalshi said it has joined NetChoice, giving the prediction market operator a place in a broader tech policy coalition as it looks to support growth for event-based markets in the US digital economy.
Polymarket traders had sharply lowered the CLARITY Act’s chances before the Senate’s failed cloture vote, underscoring how expectations around U.S. crypto market structure weakened ahead of the bill’s setback.
A former CFPB adviser says Kalshi’s sports push makes its argument against state gambling regulation harder to defend, as a circuit split and Supreme Court petitions raise the stakes.
A Bloomberg Television broadcast from Georgetown University put prediction markets, Kalshi and broader SEC-CFTC market structure questions at the center of a live policy discussion.
Prediction markets Kalshi and Polymarket have processed more than $750 million in 2026 election trading, according to CNN, drawing scrutiny from election officials over misinformation, turnout effects and insider-trading risks.
