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These are today's biggest stories and betting markets shaping the prediction market industry Friday July 31, 2026.
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New York Sues Prediction Market Kalshi Alleging ‘Illegal Gambling Operation’
Friday July 31, 2026 (9:34 am EDT)
New York officials sued prediction market platform Kalshi on Friday, calling it an “illegal, unlicensed gambling operation” as the state seeks to halt its operations and force the company to forfeit its profits. New York joins a growing number of states filing lawsuits against Kalshi and other companies in a dispute with President Donald Trump’s administration over who regulates the fast-growing prediction market. Kalshi and other platforms argue they are federally licensed and regulated, and states have no authority to govern them. “It’s sad to see this type of political theater from the leadership in our own state,” Elisabeth Diana, a spokesperson for New York-based Kalshi, said in a statement. “States can’t just shut down a federally licensed exchange. This would also hurt New Yorkers, who would be driven offshore. We love New York, we love New Yorkers, and New Yorkers love our product.”
New York Mets Become First MLB Team to Officially Partner With Prediction Market
Friday July 31, 2026 (9:14 am EDT)
Novig and the New York Mets announced on Thursday announced a multi-year partnership, making Novig the Exclusive Official Prediction Market Partner of the New York Mets. The agreement marks the first partnership between a Major League Baseball franchise and a prediction market, and reflects the Mets' continued commitment to introducing innovative fan engagement opportunities through emerging technologies like Novig's trading platform, customized with sports fans in mind. Beginning this season, Novig will be integrated across the Mets ecosystem through a comprehensive portfolio of in-ballpark, broadcast, digital and social activations. Fans will see Novig featured through prominent Citi Field signage, branded in-game moments, broadcast-visible branding and original digital content that introduce a new generation of sports fans to regulated prediction markets. "We're proud to be the first Major League Baseball club to partner with a prediction market company, giving our fans a new and engaging way to connect with the game," said Lew Sherr, President of Business Operations for the New York Mets. "Innovation is a defining characteristic of our business, and this partnership is another example of our commitment to staying at the forefront of the evolving sports landscape. It reflects our broader goal of delivering unique experiences for our fans and continuing to attract industry-leading partners who want to grow alongside the Mets."
Mohamed Salah Next Club Markets Sizzle as Besiktas Move Falls Through
Mohamed Salah is back on Al Ittihad’s radar following failed Besiktas move. Salah was among the most volatile markets at the prediction market sites Friday morning. Saudi Pro League side Al Ittihad has resumed work on a deal for Mohamed Salah after the Liverpool forward announced that he will leave the club at the end of the season, ESPN reported. Al Ittihad had a £150 million ($200 million) bid for Salah's services rejected by the Premier League club in September 2023, and is now set to revive its interest in the 33-year-old Egypt international. The club is looking for a marquee star to lead the team following Karim Benzema's move to Al Hilal in February.
Rocket Classic Tops Prediction Market Sport Contracts Friday Hit $117 Million in Trading
Friday July 31, 2026 (9:31 am EDT)
More than $93 million has been traded at Kalshi on this event prior to it kicking off. More than $117 Million had been traded as of Friday morning. Ryan Gerard had an 11% chance of winning the tournament at Kalshi as of Friday morning. He sat near the top of the leaderboard. Peter Malnati was on top of the leaderboard Friday morning with 3.1% backing at the prediction markets while traditional sportsbooks would have to fork over $100,000 for every $100 bet to whomever had him early should Malnati go on to win. We'd caution everyone it is still way too early.
Win Only Odds (Opening)
Cameron Young
+1000
Chris Gotterup
+1500
Xander Schauffele
+1600
Jackson Koivun
+1800
Wyndham Clark
+2000
Si Woo Kim
+2000
Russell Henley
+2500
Jake Knapp
+2500
Hideki Matsuyama
+2700
Patrick Cantlay
+2700
J.J. Spaun
+3000
Ben Griffin
+3300
Nicolai Højgaard
+3500
Ryan Gerard
+3500
Akshay Bhatia
+3500
Michael Thorbjornsen
+4000
Rickie Fowler
+4000
Keegan Bradley
+4500
Harris English
+4500
Jacob Bridgeman
+5000
Michael Brennan
+5500
Davis Thompson
+5500
Marco Penge
+6000
Eric Cole
+6500
Doug Ghim
+7000
Jackson Suber
+7000
Aldrich Potgieter
+7000
Corey Conners
+7000
Ryo Hisatsune
+7000
Johnny Keefer
+7000
Rasmus Neergaard-Petersen
+8000
Jordan Spieth
+8000
Max Greyserman
+8000
Ben James
+8000
Pierceson Coody
+8000
Jordan Smith
+8000
Ben Kohles
+8000
Nico Echavarria
+10000
Seamus Power
+10000
Christiaan Bezuidenhout
+10000
Samuel Stevens
+10000
Michael Kim
+10000
William Mouw
+10000
Chandler Phillips
+10000
Mac Meissner
+10000
Andrew Novak
+10000
Jesper Svensson
+10000
Billy Horschel
+10000
Nick Taylor
+10000
Denny McCarthy
+10000
Matt Wallace
+10000
Sungjae Im
+10000
Tony Finau
+10000
Kevin Yu
+10000
Emiliano Grillo
+10000
Stephan Jaeger
+12500
Sudarshan Yellamaraju
+12500
Steven Fisk
+12500
Lee Hodges
+12500
Ricky Castillo
+12500
Lucas Glover
+12500
Harry Hall
+12500
Max McGreevy
+12500
Chris Kirk
+12500
Beau Hossler
+12500
Keita Nakajima
+12500
Zecheng Dou
+15000
Zach Bauchou
+15000
Rasmus Højgaard
+15000
Taylor Pendrith
+15000
Richard Hoey
+15000
Mackenzie Hughes
+15000
Matt McCarty
+15000
Taylor Moore
+15000
John Parry
+15000
Kevin Roy
+15000
Haotong Li
+17500
Kristoffer Ventura
+17500
Thorbjørn Olesen
+17500
Austin Smotherman
+17500
Matti Schmid
+17500
William Jennings
+17500
Zac Blair
+17500
Patrick Fishburn
+22500
Neal Shipley
+22500
Adrien Dumont de Chassart
+22500
A.J. Ewart
+22500
Patrick Rodgers
+25000
Garrick Higgo
+25000
Joel Dahmen
+25000
Luke Clanton
+25000
Andrew Putnam
+25000
Ben Silverman
+25000
Chad Ramey
+35000
Chandler Blanchet
+35000
Erik van Rooyen
+35000
Pontus Nyholm
+35000
Davis Chatfield
+35000
Karl Vilips
+35000
Tom Hoge
+35000
Cam Davis
+35000
Mark Hubbard
+35000
Austin Eckroat
+35000
Matthieu Pavon
+35000
Alejandro Tosti
+50000
Nick Dunlap
+50000
Adrien Saddier
+50000
Matt Kuchar
+50000
David Lipsky
+50000
Takumi Kanaya
+50000
Trace Crowe
+50000
Justin Lower
+50000
Hayden Springer
+50000
Brandt Snedeker
+75000
Brad Dalke
+75000
Davis Riley
+75000
Aaron Wise
+75000
Vince Whaley
+75000
Joe Highsmith
+75000
John VanDerLaan
+75000
Gordon Sargent
+75000
Kevin Streelman
+100000
Brendon Todd
+100000
Stefano Mazzoli
+100000
Brian Campbell
+100000
Kensei Hirata
+100000
Dylan Wu
+100000
Ryan Ruffels
+100000
Christo Lamprecht
+100000
Lanto Griffin
+100000
Jeffrey Kang
+100000
Patton Kizzire
+100000
Marcelo Rozo
+100000
Joseph Hooks
+100000
Hank Lebioda
+100000
Danny Walker
+100000
Adam Svensson
+100000
Adam Schenk
+100000
Brice Garnett
+100000
Peter Malnati
+100000
Rafael Campos
+100000
Webb Simpson
+100000
Patrick Wilkes-Krier
+100000
Justin Quiban
+100000
Keenan Huskey
+100000
Daniel Azallion
+100000
Ryan Celano
+100000
Robinhood Posted Record Quarterly Revenue as Prediction Markets Surged and Beat Wall Street
Thursday July 30, 2026 (9:33 am EDT)
Event contracts revenue rose more than 10x year-over-year to $156 million, helping drive a 32% gain in total net revenues.
Federal Judge Rejects CFTC Bid to Stop Wisconsin Prediction Market Crackdown
Thursday July 30, 2026 (9:33 am EDT)
A federal judge on July 29 denied the Commodity Futures Trading Commission's (CFTC) request for a preliminary injunction to block Wisconsin from enforcing its gambling laws against prediction market platforms offering sports event contracts. The court found the agency unlikely to prove such contracts qualify as swaps under the Commodity Exchange Act. The ruling leaves Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase exposed to state enforcement despite their federal CFTC registration. The ruling strips another federal shield from CFTC-registered platforms, forcing Kalshi and Polymarket to defend contracts market by market against state gambling charges.
Binance.US to File CFTC License Application for Prediction Markets — Exchange Aims to Challenge Kalshi and Polymarket
Thursday July 30, 2026 (9:27 am EDT)
Binance.US CEO Stephen Gregory announced the company’s intention to launch its own prediction market at the Rare Evo conference. A DCM license would allow Binance.US to offer clients event contracts–binary yes/no futures. According to Gregory, the application will be filed in August 2026. It’s part of a broader strategy to revive the exchange, including fee reductions, market share growth, and market maker recruitment.
SCOOP: @BinanceUS plans to apply to the @CFTC for a Designated Contract Market (DCM) next month with the goal of offering prediction markets to customers, CEO @Stevie_Satoshi just told me on stage at @RareEvo Conference.
The move is part of the exchange’s broader comeback…— Eleanor Terrett (@EleanorTerrett) July 29, 2026
Previous Prediction Market News
- Aaron Goldstein, Gambling911.com
