UMG Nation
News and analysis on the US iGaming industry — with the same rules as our directory: no affiliate links, no operator money, no spin.
163 stories·Updated Jul 31, 2026
Industry NewsCJ Zambale3 min read
Sixth Circuit Hears Oral Arguments in Kalshi Sports Prediction Market Appeal
The Sixth Circuit has heard oral arguments in Kalshi's latest legal battle over sports prediction markets, with the case potentially setting the stage for a future U.S. Supreme Court review.
EsportsCJ Zambale2 min read
Fanatics Acquires Regulated Exchange to Expand Prediction Market Business
Fanatics Markets has acquired a federally regulated exchange and clearinghouse, giving the company full control over its prediction market infrastructure as it expands beyond traditional sports betting.
Industry NewsCJ Zambale3 min read
Clear Street And Kalshi Deal Signals Prediction Markets Are Moving Toward Wall Street
INSTITUTIONAL FINANCE IS STARTING TO ENTER PREDICTION MARKETS
Industry NewsCJ Zambale3 min read
DraftKings Launches DKeX Prediction Market Exchange Powered by Railbird
DraftKings has launched DKeX, a proprietary prediction market exchange powered by Railbird Technologies. The move gives the company direct control over its event contracts as it continues expanding its prediction market business across the United States.
Industry NewsCJ Zambale3 min read
Kalshi Launches 2026 Midterm Election Prediction Hub With Tradable Forecasts
Kalshi has introduced a new election prediction hub for the 2026 U.S. midterms, combining live event contracts with real-time market-based election forecasts.
Industry NewsRyan Cauchi2 min read
Wisconsin Warns Voters Over Election Prediction Markets
State election officials say voters who bet on elections could face criminal penalties and lose their voting rights
Industry NewsRyan Cauchi2 min read
Lawmakers Turn Attention to Sports Prediction Markets
Congressional hearing puts sports event contracts under fresh scrutiny as lawmakers debate regulation and consumer protections
Industry NewsRyan Cauchi2 min read
Underdog Expands Into Prediction Markets With New Exchange
New platform gives the company full control of its prediction market offering as competition in the sector continues to grow
Industry NewsRyan Cauchi2 min read
Council of Europe Urges FIFA to Address Prediction Market Risks
European body calls for stronger integrity safeguards
Industry NewsRyan Cauchi2 min read
Washington Judge Blocks Kalshi Sports Contracts During Legal Fight
Judge rejects company's federal argument as Washington moves ahead with enforcement
RegulationRyan Cauchi2 min read
Kalshi Adds 3 Million Users During World Cup Boom
The prediction market operator says the FIFA World Cup generated record trading volumes, with billions of dollars changing hands as millions of new users joined the platform.
Industry NewsCJ Zambale2 min read
Nevada Regulator Warns Prediction Markets Could Expand Into Online Casinos
Nevada Gaming Control Board Chairman Mike Dreitzer believes prediction markets could eventually expand beyond sports betting into casino-style gaming and slot-like products.
Industry NewsCJ Zambale2 min read
Trump Suspends Teleprompter Operator Amid Kalshi Insider Trading Investigation
A longtime Trump teleprompter operator has been suspended after allegedly profiting from Kalshi prediction markets tied to the President's speeches, prompting a CFTC investigation.
Industry NewsCJ Zambale2 min read
CFTC Orders Kalshi to Ignore Michigan Court's Sports Contract Ban
The CFTC has instructed Kalshi to continue honoring sports event contracts in Michigan, escalating its legal battle with state regulators over prediction market oversight.
Industry NewsCJ Zambale2 min read
AGA Seeks to Join CFTC's Legal Battle Over Prediction Markets
The American Gaming Association wants to join the CFTC's lawsuit against Wisconsin, saying prediction markets could undermine state-regulated sports betting.
Industry NewsRyan Cauchi2 min read
Kalshi Unveils New Desktop Trading Platform
New desktop platform brings advanced trading tools to prediction markets and perpetual futures
Industry NewsCJ Zambale2 min read
Michigan Gives Kalshi Until Aug. 12 to Block Sports Contracts
A Michigan judge has extended Kalshi's sports contract ban and ordered the prediction market platform to implement geofencing by Aug. 12 or face $500,000 in daily fines.
Industry NewsRyan Cauchi2 min read
Polymarket Unveils New Combo Trading Feature for Sports Predictions
New feature lets users combine up to 32 selections into a single position
Industry NewsRyan Cauchi2 min read
Ninth Circuit Reviews Tribal Appeal Against Kalshi
California tribes argue prediction market operator's sports event contracts infringe on tribal gaming rights
Industry NewsRyan Cauchi2 min read
Arizona Introduces Insider Trading Rules for State Employees Using Prediction Markets
New ethics order aims to prevent public officials from profiting through event based trading
Industry NewsRyan Cauchi2 min read
Polymarket Explores Margin Trading as It Expands U.S. Plans
Company reportedly seeks regulatory approval to expand its product offering
Industry NewsRyan Cauchi2 min read
Arizona Introduces Insider Trading Rules for State Employees Using Prediction Markets
New executive order bars public officials from using non public information in event based trading
Industry NewsRyan Cauchi2 min read
Texas Medical Association Urges 21+ Rule for Prediction Markets
Medical association urges lawmakers to introduce age restrictions and tighter safeguards for event based trading
Industry NewsRyan Cauchi2 min read
Former CFTC Commissioner Brian Quintenz Takes Advisory Role at Coalition for Prediction Markets
Former CFTC commissioner strengthens industry group's push for federal recognition of prediction markets
Industry NewsRyan Cauchi2 min read
Kalshi Loses New York Bid to Stop State Enforcement
Judge rules New York can continue enforcing gambling laws as legal fight moves forward
Industry NewsRyan Cauchi2 min read
North Carolina Raises Taxes on Sports Betting and Prediction Markets
Governor signs budget introducing higher sportsbook taxes and a new fee on prediction market operators
EsportsCJ Zambale4 min read
Best Prediction Markets for the Esports World Cup 2026
Looking to trade Esports World Cup predictions? Here's a look at the top prediction market platforms, the games they cover, and how fans can follow the action throughout EWC 2026.
Industry NewsRyan Cauchi3 min read
New Mexico Challenges Kalshi Over Sports Event Contracts
Legal challenge adds another chapter to the growing battle over event contracts
Industry NewsRyan Cauchi2 min read
Polymarket Hit With Lawsuit Over Bitcoin Prediction Market
Users claim platform changed contract interpretation after outcome was known
Industry NewsRyan Cauchi2 min read
ESMA Reminds Firms That Prediction Markets Could Face EU Restrictions
European regulator reminds firms that event contracts may already be covered by long-standing financial regulations
Industry NewsRyan Cauchi2 min read
Kalshi Loses Bid to Halt Nevada Geofencing Order
Prediction market operator faces another setback as legal battle with Nevada continues
Industry NewsRyan Cauchi2 min read
Michigan Gaming Board Withdraws From NCPG Over Kalshi Ties
Regulator withdraws membership as tensions around prediction markets continue to rise
Industry NewsRyan Cauchi2 min read
North Carolina, New Jersey Advance Prediction Market Tax Plans
States move to capture revenue as pressure grows on event based trading platforms
Industry NewsRyan Cauchi3 min read
Polymarket Challenges New Mexico in Legal Fight Over Regulation
Prediction market operator pushes back as legal pressure from states continues to grow
Industry NewsRyan Cauchi3 min read
Prediction Market Operators Push States to Review Casino Lobby Ties
Industry calls for greater transparency as pressure grows between prediction markets and traditional gaming interests
Industry NewsRyan Cauchi2 min read
New Jersey Lawmakers Push Ahead With Prediction Market Tax Plan
Lawmakers advance revised bill as state pushes for tighter oversight of event based trading
Industry NewsRyan Cauchi3 min read
Ohio Regulator Faces Second Lawsuit as Kalshi Fights $5M Sanction
Legal pressure escalates as Kalshi expands battle against state regulators over sports event contracts
Industry NewsRyan Cauchi3 min read
Kalshi Clarifies World Cup Partnership After Announcement Confusion
Mixed messaging around FIFA ties raises questions as competition intensifies in prediction markets
Industry NewsRyan Cauchi3 min read
Michigan Judge Orders Kalshi to Halt Sports Markets
Temporary restraining order adds fresh pressure as state crackdown on prediction markets intensifies
Industry NewsRyan Cauchi3 min read
Plus500 Expands Prediction Market Offering With Sports Event Contracts
Trading platform strengthens U.S. footprint as demand for sports based event trading continues to rise
Industry NewsCJ Zambale3 min read
Cyberattack on Polymarket Results in $3.1M Loss
Platform moves to refund affected users after breach exposes growing security risks in prediction markets
Industry NewsCJ Zambale3 min read
Polymarket Hit With Lawsuit Over Alleged Deceptive Marketing Practices
Polymarket is facing a new lawsuit from the National Association of Consumer Advocates, which accuses the prediction market platform of using deceptive influencer marketing, undisclosed sponsorships, and college outreach campaigns to attract users.
Industry NewsRyan Cauchi3 min read
Tradeweb Expands Institutional Push With Kalshi Integration
New rollout strengthens institutional access as prediction markets continue gaining traction on Wall Street
Industry NewsCJ Zambale2 min read
Kalshi's Growth Turns Trump Jr.'s Equity Into Windfall
Kalshi's rapid rise from a sub-$2 billion company to a $22 billion prediction market leader has dramatically increased the value of Donald Trump Jr.'s early equity grant, highlighting the industry's remarkable growth.
Industry NewsRyan Cauchi3 min read
Meta Eyes Prediction Market Expansion Through Arena
Tech giant’s latest move signals growing mainstream interest in event based trading
Industry NewsRyan Cauchi3 min read
Prediction Market Legal Battle Intensifies With New Lawsuits
Dual legal filings add fresh momentum to the growing fight between regulators and prediction market operators
Industry NewsRyan Cauchi3 min read
Polymarket Secures Major Bundesliga Partnership
New agreement strengthens operator’s sports strategy as prediction markets gain traction in global football
TribalRyan Cauchi3 min read
CFTC Proposal Sparks Tribal Sovereignty Concerns in Prediction Market Debate
Tribal leaders warn proposed federal rule could reshape the balance of power in gaming regulation
EsportsCJ Zambale3 min read
GRID and Polymarket Partner to Bring Official Data and Livestreams to Esports Prediction Markets
Polymarket is expanding its esports presence through a new partnership with GRID, bringing official match data, livestreams, and real-time statistics directly to its prediction market platform.
Industry NewsRyan Cauchi2 min read
Lawmakers Face Proposed Ban on Prediction Market Trading
Proposed legislation adds pressure on event-contract platforms as scrutiny around insider trading grows
Industry NewsRyan Cauchi4 min read
Prediction Markets Continue Rapid Expansion in the US
Rapid growth in event based trading raises fresh concerns around player protection and public health
Industry NewsRyan Cauchi3 min read
Kentucky Targets Prediction Markets in Latest Regulatory Push
Latest challenge sets up another major clash between state regulators and the Trump administration
Industry NewsRyan Cauchi3 min read
Michigan Judge Rejects Polymarket and Robinhood Injunction Requests
Ruling marks another setback for prediction market operators amid growing state scrutiny
Industry NewsRyan Cauchi3 min read
Illinois Expands Tax Framework to Include Prediction Markets
New measures add event contract trading to the state's growing list of taxable gaming activities
TribalCJ Zambale4 min read
Ho-Chunk Nation Seeks to Revive Advertising Claims in Ongoing Kalshi Lawsuit
The Ho-Chunk Nation is seeking to revive advertising-related claims against Kalshi while continuing its effort to stop sports event contracts from being offered on tribal land.
Industry NewsRyan Cauchi3 min read
Kalshi Teams Up With Argentina and Croatia During World Cup
Prediction market operator strengthens its football footprint as World Cup activity accelerates
Industry NewsRyan Cauchi3 min read
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
Industry NewsRyan Cauchi3 min read
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
Industry NewsRyan Cauchi3 min read
Kalshi Faces Fresh Challenge in Nevada Geofencing Dispute
Regulators claim platform failed to fully block Nevada users despite court restrictions
Industry NewsRyan Cauchi3 min read
ProphetX Lands Federal Approval for Prediction Market Expansion
Sports focused platform takes major step toward launching under federal oversight
Industry NewsCJ Zambale3 min read
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.
Industry NewsCJ Zambale3 min read
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.
Industry NewsCJ Zambale2 min read
Polymarket Becomes Official Prediction Market Partner of Liga MX in the U.S.
Polymarket has secured another major sports partnership, becoming the official prediction market partner of Liga MX in the United States.
Industry NewsRyan Cauchi3 min read
Prediction Markets Set Sights on World Cup Betting Boom
Event based trading platforms look to capitalize on football’s biggest global stage
Industry NewsRyan Cauchi3 min read
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
Industry NewsCJ Zambale2 min read
FanDuel Predicts Expands Through Crypto.com Partnership
FanDuel Predicts has received its first major expansion since launch, adding sports, entertainment, and combination event contracts through a new partnership with Crypto.com.
Industry NewsRyan Cauchi3 min read
Prediction Markets Face Regulatory Shift Under New CFTC Proposal
Proposed framework could reshape how event contracts are reviewed and regulated
Industry NewsRyan Cauchi3 min read
WagerWire Receives Green Light in Gibraltar’s Emerging Prediction Markets Space
Company becomes the second prediction markets licensee in Gibraltar’s growing regulatory framework
Industry NewsCJ Zambale3 min read
Kalshi Raises the Bar on Market Integrity as Prediction Markets Evolve
New safeguards aim to strengthen market integrity as scrutiny continues to grow
Industry NewsCJ Zambale2 min read
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.
Industry NewsCJ Zambale2 min read
Sportradar Enters Prediction Markets Through Multi-Year Kalshi Partnership
Sportradar has launched a new Prediction Services division and signed a multi-year partnership with Kalshi, expanding its presence in the prediction market sector.
Industry NewsCJ Zambale2 min read
Polymarket Sues Minnesota Over Prediction Market Ban
Polymarket has filed a lawsuit against Minnesota's prediction market ban, adding to the growing legal challenge against the state's new law.
Industry NewsCJ Zambale2 min read
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.
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