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- Detroit Becomes First City to Take on Prediction Markets - State's biggest city takes center stage in Coinbase legal matter.
- Washington State Becomes the Latest Prediction Market to Sue Kalshi - Washington Attorney General Nick Brown filed a lawsuit against online platform Kalshi, alleging the company is operating an illegal gambling service that allows users to bet on sports, elections, and other real-world events.
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Prediction Markets
Washington AG Sues Kalshi, alleging illegal online gambling and consumer law violations
Friday March 27, 2026 (3:05 pm ET)
Washington State is the latest to sue the prediction market Kalshi.
Attorney General Nick Brown filed the lawsuit Friday claiming Kalshi violates state laws.
The lawsuit argues Kalshi violates the Washington state Gambling Act and Consumer Protection Act, and seeks to halt these unlawful activities, recover money lost by Washingtonians, and assess civil penalties.
“Kalshi wants people betting on almost everything possible in life—the outcome of elections, Supreme Court cases, even wars. For Kalshi, every event, every tragedy is nothing more than a potential way for Americans to risk their fortunes and for Kalshi to get rich,” said Brown. “As they advance this bleak vision of the future, they line their pockets and pat themselves on the back for sneaking around Washington’s gambling laws. No more.”
Fun fact: Washington is the only state that makes placing a bet on an online gambling website a Class C felony.
Gambling News
Headlines: Detroit Becomes New Front on Prediction Market Battle, Wisconsin Mobile Sports Betting Moving Forward?
Friday March 27, 2026 (10:40 am ET)
- No Official Word on Wisconsin Governor Evers Signing Off on Mobile Sports Betting Bill - The state of Wisconsin was on the cusp of becoming the latest to announce regulation of mobile sports gambling but time continues to tick away and Thursday appeared to be the latest Gov. Tony Evers could sign the bill into law. He was mostly on the fence about doing so. It wasn't immediately clear as of Friday whether this has occurred or not, so stay tuned.
- Detroit Becomes First US City to Take on Prediction Markets - We knew how aggressive the state of Michigan has been against unregulated gambling sites operating there over these past two years with regulators sending out dozens of cease and desist letters. Now enter that state's largest city Detroit. On Thursday, Detroit requested permission to submit its amicus curiae brief in the ongoing case between Coinbase and Michigan officials. by April 3. Coinbase filed its lawsuit just one day after announcing its entry into the prediction market space through a partnership with Kalshi. In its filings, Coinbase argues that Michigan’s stance would expose the company to potential civil and criminal liability for facilitating trades it considers federally regulated while the state argues Coinbase and other prediction market firms fall under Michigan’s existing gambling framework.
- Lawsuit Accuses Sportsbooks of Using Addictive Technology - Hours after a Los Angeles jury found that Meta and YouTube harmed a young user by utilizing addictive features, attorneys involved in the case filed suit against DraftKings and FanDuel and accused the sportsbooks of using technology and methods similar to those of social media companies to keep customers betting and causing some of them to develop gambling addictions. In a personal injury complaint filed Wednesday in Massachusetts state court, attorneys allege that the sportsbooks track users' behavior and use that data to target them to keep betting "precisely when they're most susceptible, like late at night or after a big loss." "Defendants have full visibility into users' concerning betting patterns and then push the users to gamble further through targeted advertising, personalized 'bonus' incentives, and 'push' notifications," the suit alleges. (more from ESPN)
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Prediction Markets
Headlines: Prediction Markets Under Fire as Lawmakers Making Moves
Thursday March 26, 2026 (6:47 pm ET)
- House Democrat Bans Staff From Trading on Prediction Markets - Rep. Seth Moulton just upped the ante among lawmakers racing to regulate the potential for insider trading on prediction market platforms: The Massachusetts Democrat has banned his congressional office staff from using them.
- Lawmakers Propose Blocking U.S. Officials From Using Prediction Markets - A bipartisan group of U.S. lawmakers has introduced legislation to prohibit members of Congress, the president, the vice president, and senior government officials from placing bets on prediction market platforms such as Kalshi and Polymarket. The bill, called the Preventing Real-time Exploitation and Deceptive Insider Congressional Trading Act, or the PREDICT Act, was introduced by Representative Nikki Budzinski (D-Ill.) and Representative Adrian Smith (R-Neb.). It targets platforms where users can wager on the outcomes of political events, policy decisions, and government actions. (source: FinanceFeeds)
- The Political Backlash to Prediction Markets has Arrived - Some of the most well-known names in national politics have recently criticized prediction-market platforms like Kalshi and Polymarket, from California Gov. Gavin Newsom and Florida Gov. Ron DeSantis to Rep. Alexandria Ocasio-Cortez (D., N.Y.) and Mick Mulvaney—the former White House chief of staff under President Donald Trump during his first term who now leads an organization that opposes sports event contracts. “Pervasive gambling is not good for society,” Ocasio-Cortez said when Polymarket announced its nine-figure deal with Major League Baseball. (source: MSN)
- The Tide is Turning Against Prediction Market Operators, Tribal Gaming Attorney Says - A gaming attorney said the tide appears to be turning against sports betting prediction markets after a string of defeats and increased scrutiny. Scott Crowell made his comments Wednesday while appearing on a webinar of the Indian Gaming Association ahead of next week’s annual conference in San Diego, where tribes fighting against prediction markets will be a key piece of the agenda. “The core question is no longer whether these markets will face scrutiny, but how far that scrutiny will go and who ultimately has authority over them,” said IGA Conference Chair Victor Rocha, who hosted the webinar with IGA Executive Director Jason Giles. “The tide is turning and everyone is definitely awake to the threats.” “I think they’re trying to preserve themselves,” Crowell said in response to Rocha. “They’re trying to get to a point where they are too big to fail. Look at the partnerships with Major League Baseball and the NHL teams and an announcement they are retaining this company to help monitor our bets. Every time there’s bad press – trading with a 15-year-old or trading on the invasion of Iran or Venezuela – they come back with these patchworks to say we’re not going to let that happen again. What it really does is expose that they’re doing this without any type of regulation or oversight and simply reacting to what’s around them.” (read more at CDC)
Gambling News
Headlines: DraftKings Fights Back, Says it Has Right to Use Term 'March Madness'
Thursday March 26, 2026 (11:30 am ET)
- DraftKings Says it Has Used ‘March Madness,’ Other Terms for 5 Years in Response to NCAA Complaint - DraftKings has been using “March Madness” and other familiar terms to refer to the NCAA Tournament for more than five years and has the legal right to do so, the sportsbook said in a court filing Wednesday in response to a complaint filed by the NCAA last week. The NCAA is seeking an emergency temporary restraining order to stop DraftKings from using registered trademarks associated with its men’s and women’s basketball tournaments. The complaint for trademark infringement, filed in the Southern District of Indiana, requests that DraftKings stop using “March Madness,” “Final Four,” “Elite Eight” and “Sweet Sixteen” and variations of those terms to promote its business. In its response, DraftKings described those terms as “the universally recognized names for the tournaments and their rounds, used by millions of college basketball fans, journalists, and participants in the sports-betting ecosystem. They are the same words used by other online sportsbooks, who have not been singled out by the NCAA’s fevered complaint.”
- Report: Clickout Media Turned News Sites Into AI Gambling Hubs - A company called Clickout Media is being called out for buying trusted news and niche sites, replacing them with AI-generated gambling content, and abandoning them after Google penalties. Some call this “parasite SEO,” but to me it sounds more like large-scale search spam. The company acquired sports, gaming, and tech sites, then rapidly shifted them from editorial coverage to casino and crypto content, PressGazette reported. Sites were stripped of original reporting, filled with AI-written articles, and used to push offshore gambling links, according to former employees. (read more at Search Engine Land)
Chad Holloway the Latest to Chime in on The Lodge Card Room Raid and Doug Polk's Involvement - "It may not be about the legality of poker in Texas, nor involve alcohol. It may also explain why no other clubs have been impacted. I have a theory -- it involves FinCEN & the Bank Secrecy Act."
| Episode No. 948 of the @PokerNews Podcast just dropped!
In it, we discuss a theory that the primary reason behind The Lodge investigation involves the Financial Crimes Enforcement Network (FinCEN) & Bank Secrecy Act (BSA)
Watch it here https://t.co/vG4Y4ZPHm8— Chad Holloway (@ChadAHolloway) March 26, 2026
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Horse Racing
Kentucky Derby Safe After Churchill Downs HISA Reach Agreement
Wednesday March 25, 2026 (2:44 pm ET)
Since it began in 1875, Kentucky's Derby has never been canceled, only postponed. That makes it the longest continuously running sporting event in the U.S.
Churchill Downs' dispute with the Horseracing Integrity and Safety Authority over unpaid fees were threatening to end that long successful run.
Until today.
Both sides have reached an agreement and the event will continue onward and uninterrupted.
HISA's board panel deciding to stay its current actions of seeking payment from Churchill Downs Inc. "until conditions are satisfied." From there, HISA's board will dismiss the enforcement proceedings, according to orders on a joint motion posted March 24 to HISA's Rulings, which it lists on its website.
Churchill Downs Inc. communications director Jeanna Burkhead Cunningham told The Courier Journal in an email: "CDI is not commenting on the settlement. "
Gambling News
Headlines: Indian Gaming Association Supports Federal Bill on Prediction Markets, FIS Debuts Clearing Solution for These Platforms
Wednesday March 25, 2026 (1:55 pm ET)
- IGA Supports ‘Prediction Markets Are Gambling Act’ - "Indian Gaming Association Chairman David Bean voiced strong support for the bill, noting that, “It will reaffirm existing tribal and state government authority to regulate sports betting, limit online gambling, or in some cases, continue to prohibit all forms of gambling..."
- FIS Debuts Clearing Solution for Prediction Markets - FIS has debuted a tool to offer 24/7 post-trade clearing for regulated prediction markets. The FIS CD Prediction Clearing solution, announced by the financial technology company in a news release Tuesday (March 24), comes amid the continuing growth in prediction markets such as Kalshi and Polymarket. The release quoted Kalshi executive Andy Ross, who argued that to sustain this growth, “the infrastructure underpinning these markets needs to keep pace, and having the right post-trade foundation in place is critical to unlocking the next wave of participation.”
- NCAA Pushing to Stop College Game Trades on Prediction Markets - The NCAA has pushed to shut down betting on college sports on prediction markets. Instead, Kalshi has turned college basketball’s marquee tournament, March Madness, into the most popular category on the platform. (source: Bloomberg)
- Minnesota Latest State Attempting to Push Through Sweepstakes Casino Legislation - SF 4474 would prohibit online sweepstakes games and restrict revenue from illegal gambling. The bill prohibits anyone from operating, conducting, or promoting online sweepstakes games in the state. This measure was introduced on March 17 and has been re-referred to Judiciary and Public Safety. There is still plenty of time for the bill to advance further and potentially become law as the state's legislative period ends May 17 this year. Also moving through the Minnesota legislature, HF 4437, which would ban certain prediction market contracts tied to real-world events that include the following: Sports events or outcomes within sporting events, casino-style contests or gaming promotions, political outcomes, events involving specific individuals or groups of people, disasters and associated outcomes and anything death or mass casualty-related.
- Las Vegas NBA Team Name Odds: Mirage, Jokers, Outlaws Favored - Now, they are one of 14 cities that have a team in all the four major (this can be debated obviously) sports. The others are Boston, Chicago, Dallas, Denver, Detroit, Los Angeles, Miami, Minneapolis, New York, Philadelphia, San Francisco, Washington DC and now Seattle. Las Vegas is considered the 40th largest media market (according to Nielsen). The other 13 are all amongst the top 18 markets. The five markets in the top 18 that don’t have all four sports are Houston, Atlanta, Tampa, Phoenix and Orlando. The oddsmakers at BetOnline have revealed odds on the new Las Vegas NBA franchise name.
- Bitcoin Casino Reviews - April 2026: BC.Game, BetNinja - Gambling911.com has reviewed the current leading Bitcoin online casinos when it comes to search presence. While many of the reviews you see are from affiliate partner sites, Gambling911 monitors the internet for all the latest real customer reviews.
Politics/US-Iran Conflict/Prediction Market News
Large Polymarket, Wall Street Bets on Trump’s War News Under Scrutiny
Wednesday March 25, 2026 (10:54 am ET)
- Large Polymarket, Wall Street bets on Trump’s War News Under Scrutiny - Researchers have tracked dozens of examples of anonymous new accounts betting big but also correctly just before a critical event like the February 28 US-Israeli strikes that began the Iran war. (source: Aljazeera)
- Prediction Markets' New Insider-Trading Restrictions Aren't Enough, Bipartisan Senators Say - Sens. Adam Schiff, D-N.Y., and John Curtis, R-Utah, said they won’t drop their push to ban sports prediction market contracts after Kalshi and Polymarket announced new insider-trading rules. In a joint CNBC interview Wednesday morning, the senators said Aljazeera)the companies’ efforts to police themselves are insufficient. “I don’t think it’s enough,” Schiff said. “It’s one thing to say, ‘This is our policy.’ It’s another actually to put into place the steps to make sure it’s not happening on those platforms.” Curtis has said his bill with Schiff, the “Prediction Markets are Gambling Act,” is about “keeping speculative financial products out of spaces where they don’t belong.” “You have to ask, ‘What could go wrong?’” he said on CNBC. “Imagine betting on a high school athlete getting hurt the day of a high school game ... You can see how wrong that could go.”
- Gamblers Aren't Buying Latest USA Ceasefire Offer as Iran Dismisses it - Iranian state television’s English-language broadcaster quoted an anonymous official Wednesday as saying Iran rejected America’s 15-point ceasefire proposal. The proposal was sent even as Washington deploys paratroopers and more Marines to the region. The gambling public had a ceasefire of the USA-Iran conflict with an 11% chance of happening by March 31 and a 20% chance of happening by April 30.
- Will JD Vance talk to Iranian negotiators by...? - Half of traders believe the U.S. vice president will speak to Iranian negotiators by April 30 with just shy of $3000 traded thus far. The senators have introduced legislation that would give states, rather than federal regulators, control over sports betting and casino-style games.
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Gambling News
NFL, Sportsbooks Among Defendants in Gambling Addiction Lawsuit
Tuesday March 24, 2026 (3:57 pm ET)
A lawsuit filed Tuesday by two plaintiffs in Pennsylvania state court accused sportsbooks FanDuel and DraftKings of using data supplied by the NFL to offer a "known addictive product," VIP hosts were also employed, according to the lawsuit.
The NFL, its data partner Genius Sports FanDuel, DraftKings and five sportsbook employees are named in the suit.
Per David Purdum of ESPN, the complaint alleges that DraftKings and FanDuel used the NFL's live data feeds and artificial intelligence to funnel customers to in-game micro-betting, a form of gambling believed to be more addictive, according to the lawsuit.
Gambling News
Headlines: FanDuel Network Ends Deals With 9 MLB Teams
Tuesday March 24, 2026 (1:35 pm ET)
- FanDuel Network Ends Deals With 9 MLB Teams - The FanDuel Sports Network has ended its agreement with these nine teams, thus depriving fans and bettors alike in these regions from being able to watch games live: Atlanta Braves, Cincinnati Reds, Detroit Tigers, Kansas City Royals, LA Angels, Miami Marlins, Milwaukee Brewers, St. Louis Cardinals and Tampa Bay Rays. Cable providers have been sending out emails to subscribers notifying them of changes coming this season.
- Gov. Cox Stands Firm in Support of Utah's Anti-Gambling Policy Amidst Legal Battle with Kalshi - Utah Governor Spencer Cox has remained firm in his stance against online prediction markets despite legal pushback from companies in the industry.
- Mississippi: Ole Miss Announces College Gambling Center as Concerns Rise Over Addiction, Athletes Exposure - The center was approved by the Institutions of Higher Learning Board of Trustees in February and will cost about $700,000 a year.
- Study Says Prediction Markets Users Lose Money Faster than Sports Bettors - The report found that the median return on investment for prediction market users was -8% from July 2025 through the publication date. This is compared to -5% for bettors in the legal US sportsbook market over the same period and -7% in a prior version of the report.
- ‘Joker’ Talks About How His Cartel Took Over the Texas Lottery in 2023 - A gambler known as ‘Joker’ says he was behind a scheme that took advantage of lax Texas Lottery rules to net him and his cartel millions (source: PlayUSA)
- Maryland Bills Banning Sweepstakes Casinos Beat Crossover Deadline - HB 1226 would ban sweepstakes casinos and grant the Maryland Lottery & Gaming Control Agency ability to pursue legal action against operators. Its Senate companion had been heard in the Budget and Taxation Committee, but did not meet the legislature’s crossover deadline. The House also voted 105-24 to pass HB 295. It would leave anyone operating illegal online gambling open to misdemeanor charges, including three years in jail and a fine between $10,000 to $100,000 each count. That measure is heading to the Senate Budget and Taxation Committee. None of this may matter in the end, however, as Monday was the crossover deadline. This means that any hopes of legalizing online casinos in Maryland are likely dead for this year. The legislature adjourns April 13.
Gambling Crime
Headlines: Global Gambling Kingpin Gunned Down, Negs Finally Speaks Out on The Lodge Card Club Raid
Tuesday March 24, 2026 (11:53 am ET)
- 29 Bullets. Five to the Head: Gambling Kingpin Lin Bingwen Dead - A Taiwanese businessman/fugitive nicknamed "“The Eel” "Lu Man" (鱸鰻) was gunned down early Monday morning while walking his dog in Cambodia (Sihanoukville). He was considered one of Taiwan's biggest gambling kingpins. A major underground gambling operator and financier, “The Eel” (real name Lin Bingwen), allegedly was involved in a number of criminal activities including, but not limited to, illegal betting networks, money laundering and organized crime-linked financial systems. He mostly conducted his criminal empire via the 88 Club, considered to be the hub for an extensive gambling and fraud network.
- Poker Pro Daniel Negreanu Finally Weighs in on Austin Texas Area Lodge Card Club Raid: 'I Think it's Unfortunate' - The Texas Alcoholic Beverage Commission (TABC) provided a 22-page warrant alleging money laundering. Negs, not always a fan of co-owner Doug Polk, says he is rooting for Polk and the card club to win.
- Repeat Illegal Gambling Operation Busted Again at Same San Antonio Property, Sheriff Says - Bexar County Sheriff Javier Salazar said deputies shut down an illegal gambling operation Thursday at a location previously raided in 2022, raising the possibility of new charges tied to a repeat setup. The Bexar County Sheriff's Office Organized Crime Unit carried out the operation after developing information about gambling activity at the home. Deputies found several people at the property, though gambling had not yet started. Three were released, while two others are expected to be jailed - one for possession of methamphetamine and another on an outstanding theft warrant. Authorities described the location as more than just a single-room operation. "It is a very extensive setup here. It's a compound," Salazar said, noting the presence of a main house, a back gaming area, offices and additional storage space with more machines.
- Federal Regulation Looms as 11 States Go After Prediction Markets - On March 20, Carson City District Court Judge Jason Woodbury in Nevada made his state the first to issue a temporary ban on prediction market Kalshi from operating. Gaming officials said that the platform violated state gambling laws. Arizona has even brought criminal charges against Kalshi. Other states are considering new legislation for prediction markets. Arizona Attorney General Kris Mayes’ office filed a complaint, alleging that Kalshiex LLC and Kalshi Trading LLC were “running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law." The announcement claimed Kalshi ”accepted bets from Arizona residents on a wide range of events in violation of Arizona law. These events included professional and college sporting contests, proposition bets on individual player performance, and whether the SAVE Act would become law.”
- Woman Alleged to Have Pistol Whipped Man at Craps Table in Delaware Casino - Investigators say a man reportedly struck Jacklyn Twitchell in the face with money on March 14 at Bally’s. Twitchell then drew a handgun and hit the man in the face before leaving and refusing to cooperate with casino security, according to authorities.
