In case there was any doubt that Kalshi and Polymarket are offering sports gambling:
The NBA is formally stepping into the prediction markets ecosystem.
The league announced agreements Monday morning with Kalshi and Polymarket that will allow the companies to use official league data and intellectual property and give the league control over what trades the companies are allowed to offer.
nyti.ms/4smgsfG
The prediction markets are offering gambling with minimal regulation, and this is the result:
This is Charles Schwab CEO Rick Wurster.
He says Charles Schwab will offer prediction markets for financial trades, not sports, because "we don't want to be in the gambling business."
Investing is investing. Gambling is gambling.
Americans are seeing through prediction markets.
A staggering 75 percent of those polled by Reuters and Ipsos recently say prediction markets offer sports betting. Only 8 percent said otherwise.
Prediction markets have been shown repeatedly to promote deceptive ads — and yet:
Breaking news from @jstein_sun at the Washington Sun this morning: the FTC is starting to look into the online sports betting industry.
washingtonsun.com/administra…
Most states require sports bettors to be 21. Kalshi allows users as young as 18. The NFL raises concerns about that lower age limit in its Supreme Court brief. Calling a sports bet an “event contract” shouldn’t mean weaker protections for young people.
sportico.com/law/analysis/20…
Yesterday, a coalition of more than 140 tribal nations urged the Supreme Court to stop illegal gaming.
Flaherty v. KalshiEX is an opportunity to force Kalshi, Polymarket, and others to play by the same rules as everyone else. predictionmarketswatch.org/p…
The states are seeing what tribal gaming leaders see: Prediction markets are using a loophole to infiltrate sports betting.
Thirty-nine states are backing New Jersey as the NFL urges the Supreme Court to clarify who regulates sports prediction markets. newsweek.com/map-40-states-b…
More than 140 Tribal Nations and organizations are urging the Supreme Court to act: Sports event contracts are sports bets.
predictionmarketswatch.org/p…
Prediction markets are rising to the top of the sports betting world — without the regulations that govern other gaming platforms.
If it walks like a duck and quacks like a duck, it's a duck.
Sports betting is correct but for you all that look at LeBron or any other person that are involved in prediction markets are totally misinformed on the subject. calling prediction markets sports gambling is like calling the stock market a casino. you don't have to like it, but it's a regulated exchange where people trade with each other, not a house that profits when you lose. Know the difference
Readers added context they thought people might want to know
Kyle Kuzma is an investor in Kalshi.
frontofficesports.com/article/kalshi…
A new WSJ analysis shows a flurry of identical bets on one Kalshi market.
The CFTC is investigating whether the activity constitutes wash trading, or illegal manipulation that artificially inflates market activity: wsj.com/finance/currencies/5…
“In the regulated space, this kind of thing does not happen. You have adults who handle customer funds and make sure they’re sourced appropriately and handled appropriately.”
Prediction markets need to be regulated for what they are: gambling platforms. wsj.com/business/polymarkets…
WSJ reports fraudsters tried to steal at least $10 million through Polymarket, while more than 80% of deposits were rejected as fraudulent at one point. This is what happens when growth outpaces basic safeguards and oversight.
wsj.com/business/polymarkets…
Prediction markets may be getting more sophisticated, but sports event contracts are still sports betting.
Congress and the CFTC must close the federal loophole allowing these platforms to bypass state and tribal gaming laws. cnbc.com/2026/09/14/predicti…
Connecticut is taking action against illegal sports prediction markets, issuing nine cease-and-desist orders and nearly 30 subpoenas. Calling a sports bet an “event contract” does not exempt it from state gaming laws and consumer protections.
portal.ct.gov/governor/news/…
In a new Novig ad, Sydney Sweeney is clear on what the prediction market is offering: "Just sports."
It's not a secret that prediction markets are offering sports betting, only without the regulations that all other gaming follows. wsj.com/cmo-today/sydney-swe…
The Seahawks and Patriots are kicking off the NFL season today.
Prediction markets are offering what is essentially sports betting. They are exploiting a gambling loophole to let fans bet, even on what the NFL calls "objectionable" bets.
abc7news.com/story/nfl-calls…
Prediction markets are essentially sports betting by another name.
All betting should be regulate fairly to protect consumers.
Prediction markets are >80% sports/parlays. So the start of college football is HUGE. But there were big stumbles this weekend — a Polymarket outage while games were underway, and then Kalshi paid the wrong winners of the disputed Michigan game. here's our report w/ @OmarJimenez
Federal authorities are reportedly targeting a servicemember over prediction market bets tied to military operations and corporate earnings.
When people can wager on sensitive events, insiders have an edge. The risks are becoming harder to ignore.
wsj.com/finance/regulation/u…
