Derek Helling is a journalist who has covered the gaming industry for many publications since 2018. His coverage emphasizes the intersections of gambling with the business of entertainment, the evolution of the legal landscape, technology’s shaping of gaming, and the impact of gambling on society. When he isn’t working on his next story, he enjoys traveling with his wife and spoiling their pair of Munchkin cats.
Wisconsin’s anticipated motion for injunctive relief calls trading of prediction markets connected to sporting events “open, repeated, ongoing criminal violations” of the state’s laws.
The lawsuit in the Santa Fe County District Court seeks an injunction blocking trades of event contracts connected to sports and a declaration that such trades qualify as sports wagering.
Litigation in Rhode Island district court following established pattern for states with Democratic attorney generals who take action against prediction markets.
Tennessee appealed a ruling that shielded Kalshi from state enforcement to the Sixth Circuit, a venue that may favor the state and another path to the Supreme Court.
The alleged trader used knowledge of Google’s most-searched individuals for 2025 that they had privileged access to and profited $1.2M, according to the CFTC’s complaint.
Kalshi could soon file a petition for review with the US Supreme Court after the Ninth Circuit declined to afford it protection from enforcement in Washington.
A coalition of four tribes has sued Kalshi in a New Mexico federal court, alleging that trading sports-related contracts on the exchange violates the Indian Gaming Regulatory Act.
Gov. Tim Walz signed an omnibus bill enacting several new public safety measures in Minnesota, including a ban on prediction market trading, on Monday.
Aaron Rai won his first major despite modest backing in Kalshi's heavily traded PGA Championship markets, where most volume came during the tournament.
New York Sen. Joseph Addabbo told DeFi Rate he will bring his prediction market bill to committee, saying he wants to regulate the markets rather than ban them.
Judges in Maryland and Massachusetts cases this week were skeptical of Kalshi's claim that its sports event contracts are beyond the reach of state police powers.
Minnesota's Senate passed a ban on offering and advertising prediction markets by a veto-proof margin, but the House has little time left and lawsuits would follow.
A Nevada state judge granted the Gaming Control Board an injunction requiring Kalshi to stop offering election, sports and entertainment contracts to Nevada residents.
Ohio Sen. Bill DeMora proposed treating sports event contracts as sports wagers, requiring exchanges to get state licenses and taxing their sports contract revenue.
