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These are today's biggest stories shaping the prediction market industry Saturday, July 25, 2026.
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Kalshi Settles With Nevada
Saturday July 25, 2026 (11:49 am EDT)
Kalshi has settled with the Nevada Gaming Control Board (NGCB) following a preliminary injunction that prohibited the platform’s sports prediction market in the state. The platform is expected to complete the implementation process by August. In a release, the Nevada Gaming Control Board announced that it reached an agreement with the prediction market platform to stop the platform’s continued unlawful operation in the state.
Prediction-Markets Race Heats Up as Robinhood and Crypto.com Hold Talks
Saturday July 25, 2026 (11:45 am EDT)
Deal could put the brokerage firm in more direct competition with Kalshi. Robinhood and Crypto.com are reportedly in discussions that could significantly reshape the prediction markets industry. According to a report published today, the companies are exploring a deal that would allow Robinhood customers to access Crypto.com's prediction markets directly through the Robinhood platform. The talks are ongoing, and there is no guarantee an agreement will be finalized. The proposed arrangement would make Crypto.com's exchange another source of event contracts inside Robinhood. Today, Robinhood already routes prediction markets through exchanges such as Kalshi, ForecastEx and Rothera Exchange.
Kalshi Demands Netflix Take Down Trailer for ‘Misleading’ Prediction Market Documentary
Saturday July 25, 2026 (11:40 am EDT)
The prediction market Kalshi threatened legal action against Netflix on Friday, claiming a trailer for its upcoming documentary about the industry contains defamatory and “fabricated” content, according to a letter obtained by CNN. Netflix, the popular streaming service, released a trailer Thursday teasing the documentary, “The Prediction Games,” which is set to be released Sunday. The footage shows traders partying at a mansion in Las Vegas while watching the recent World Cup final and touting their winnings on prediction sites, including Kalshi. It’s unclear where and when the trades featured in the trailer were placed.
DAVID MARCUS: Brave New World of Prediction Markets Can Make Us All Insider Traders
Saturday July 25, 2026 (11:40 am EDT)
From soldiers betting on military action to White House teleprompter operators profiting from Trump's speeches. The danger here is that instead of looking at the world as the creation of human beings, we mortal souls become little more than the ball on the roulette wheel, which inevitably must stop somewhere, to somebody’s benefit. Attempts to regulate prediction markets are already emerging both on the state and federal level, but don’t start writing the industry’s epitaph just yet, because short of shutting them down entirely, nothing can stop tens of thousands of markets from having hundreds of thousands of potential insider traders, at least. (read more at Fox News)
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- Aaron Goldstein, Gambling911.com
