Regulation

Prediction Market Legal Battles Spread as New York, Kentucky, Nevada and New Mexico Cases Advance

Multiple states continue challenging the growing influence of event-contract platforms

Novig Enters Growing Prediction Market Sector with Federal Approval

Sports focused operator takes a major step into one of the industry's fastest growing sectors

Kalshi Faces Fresh Challenge in Nevada Geofencing Dispute

Regulators claim platform failed to fully block Nevada users despite court restrictions

ProphetX Lands Federal Approval for Prediction Market Expansion

Sports focused platform takes major step toward launching under federal oversight

CFTC Sues New Mexico in Escalating Prediction Market Dispute

The CFTC has sued New Mexico over its approach to prediction markets, adding another chapter to the growing regulatory battle surrounding sports event contracts in the U.S.

Nevada Gaming Control Board Seeks Contempt Ruling Against Kalshi

The Nevada Gaming Control Board has asked a state court to hold Kalshi in contempt, claiming the prediction market operator continued offering prohibited event contracts in the state.

Prediction Market Lawsuits Gain Momentum Across Four States

Wisconsin, Rhode Island, Illinois, and New Mexico emerge as key battlegrounds in the fight over event contracts

Pennsylvania Bill Would Bring Gambling Education Into Schools

A new Pennsylvania bill would introduce gambling awareness and prevention education in public schools as lawmakers place greater focus on responsible gaming initiatives.

Prediction Markets Face Regulatory Shift Under New CFTC Proposal

Proposed framework could reshape how event contracts are reviewed and regulated

Kalshi Raises the Bar on Market Integrity as Prediction Markets Evolve

New safeguards aim to strengthen market integrity as scrutiny continues to grow

Google Blocks Prediction Market Ads in Ohio

Google has updated its advertising policy to block prediction market ads in Ohio, affecting operators such as Kalshi and Polymarket.

North Carolina Agrees to Raise Sports Betting Tax Rate

North Carolina lawmakers have reached an agreement to increase the state's sports betting tax rate, citing the market's strong revenue performance since launch.

New Mexico Challenges Kalshi Over Sports Event Contracts

Legal challenge adds another chapter to the growing battle over event contracts

Lawmakers Push for Federal Study on Gambling Disorder as Betting Options Expand

U.S. lawmakers have introduced legislation calling for a federal study into gambling disorder, citing the rapid expansion of sports betting and prediction markets.

Nevada Court Order Adds Pressure on Prediction Market Industry

Nevada regulators have secured a court order against Polymarket, adding another legal challenge for prediction market operators as state-level opposition continues to grow across the US.

Illinois Budget Targets Prediction Markets as Regulatory Fight Escalates

Illinois lawmakers have approved a new budget that includes taxes on prediction markets, adding another chapter to the state's ongoing battle with the rapidly growing industry.

Kalshi Challenges Minnesota Ban as Wisconsin Battle Continues

New lawsuits could shape the future of prediction market regulation

Federal Lawsuit Against Rhode Island Adds Fuel to Prediction Market Fight

Federal regulators push back as state level resistance continues to grow

What Is iGaming?

iGaming covers online gambling, including casino games, sports betting, poker, and similar experiences played over the internet. In the United States, this space includes both real-money platforms and alternative models like social casinos and sweepstakes sites.

Sweepstakes gaming has become especially popular across the US. These platforms let players join through promotional systems instead of direct deposits, often offering prizes as part of the experience. Because of how they operate, sweepstakes casinos have become a major talking point in the US market.

The Latest in iGaming and Sweepstakes

The iGaming space in the US is constantly changing. New platforms are launching, and laws continue to shift from state to state. Sweepstakes casinos and social gaming sites are seeing steady growth, especially in areas where traditional online gambling is still limited.

Operators are always looking for ways to stand out. Some focus on better bonuses and promotions, while others improve game variety or user experience. At the same time, regulators across the US are paying closer attention, which means updates and changes can happen quickly.

There is also more competition now than ever before. New brands are entering the market, and established platforms are expanding their reach. This is pushing the industry forward, but it also means players have more choices and need to stay informed.

How iGaming Is Growing in the US

The US iGaming market has seen steady growth over the past few years, driven by state-level legalization and rising interest in online gaming. Sports betting has already gained strong traction in many states, while online casinos continue to expand in select markets.

Sweepstakes platforms are filling gaps where traditional iGaming is not fully available. This has allowed them to grow quickly and reach a wider audience. At the same time, the line between different gaming models is becoming more important, especially as regulators take a closer look at how these platforms operate.

As more states review their stance on online gaming, the industry is expected to keep evolving, with both opportunities and challenges ahead.

Revenue Outlook for Sweepstakes Casinos

The outlook for sweepstakes casinos over the next few years shows strong potential, though estimates vary depending on the source.

Projections for 2026 to 2028 reflect different assumptions about regulation, market growth, and how the industry adapts to possible changes. Some analysts expect steady expansion, while others take a more cautious view due to ongoing legal discussions.

Key Projections and Estimates

Factor Insight
Revenue Estimates Eilers & Krejcik Gaming projects around $6.9B in revenue, while KPMG estimates range from $4.6B to $14.3B
Growth Rates Optimistic outlooks suggest over 31% CAGR, while more cautious estimates fall between 20% and 30%
Measurement Differences Some reports use gross revenue, while others focus on net revenue after Sweeps Coins payouts, often around 68% to 72% of gross

These differences highlight how quickly the space is evolving. Growth is there, but it depends heavily on how regulations develop and how platforms adjust over time.

iGaming and Sweepstakes News

If you want clear and relevant updates focused on the US market, this is where to look.

UMG Gaming covers:

  • The latest iGaming news in the United States
  • Sweepstakes casino trends and platform updates
  • State-by-state regulatory changes
  • New launches, features, and industry moves