North Carolina's new budget law recognizes CFTC authority over prediction markets and sets a 6% tax on platform fee revenue from state residents starting in 2027.
Kentucky sued Kalshi, Polymarket and Coinbase-linked entities over alleged unlicensed sports betting, citing nearly 23B in Kalshi contract volume.
A new Polymarket wallet turned Spain's 0-0 World Cup draw with Cabo Verde into roughly $9M in profit, exposing prediction-market risk.