Category: Prediction Markets
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OH, TN Score Huge Win Against Kalshi In Sixth Circuit Ruling
Kalshi suffered another major legal defeat Friday, this time in legal fights against Ohio and Tennessee. A federal appeals court rejected the New York City-based firm’s claim that states cannot regulate its sports betting markets. In the consolidated cases involving regulators in those states, the U.S. Court of Appeals for the Sixth Circuit handed down…
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Source: NCPG Looks To Replace Executive Director Amid Kalshi Controversy
Update, Sept. 12: The day after this exclusive report, the NCPG board of directors announced that Executive Director Heather Maurer has resigned, according to multiple gambling industry media outlets. NCPG did not respond to GamblingHarm.org’s request for comment. The National Council on Problem Gambling, the largest gambling addiction advocacy group in the U.S., will…
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Louisiana Tribe To Launch Kalshi-Powered ‘Prediction’ Gambling App
The Tunica-Biloxi Tribe of Louisiana plans to have a prediction-market online gambling business via a deal with the controversial Kalshi. Through a tribal-owned application powered by Kalshi, the Tribe would offer potentially harmful products to its members and people elsewhere. The announcement comes as other Native American tribes are fighting the New York-based Kalshi in…
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Washington Gambling Addiction Group Leaves NCPG Over Kalshi
The Evergreen Council on Problem Gambling, a leading gambling addiction advocacy group in Washington, has left the National Council on Problem Gambling over the Kalshi deal. According to an eight-page letter obtained by GamblingHarm.org, ECPG withdrew its NCPG membership effective Sept. 17, 2026. Its withdrawal follows similar actions taken by the Michigan Gaming Control Board,…
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Billionaire Says Prediction Markets Akin To Drugs
David Booth, who founded a firm now managing more than $1 trillion in assets, said prediction markets and their gambling offerings are a bad idea, comparing them to drug use. In an op-ed for the Financial Times, Booth, 79, wrote: “I feel about prediction markets the way I feel about drugs — they’re probably not…
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