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Nevada and tribal gaming officials are pushing back on claims that sports-event prediction markets are simply innovation, arguing some products look more like unlicensed sportsbooks and raise new tribal licensing questions.
A new Reuters/Ipsos poll found broad public opposition to betting on election results, with prediction markets such as Kalshi and Polymarket facing added scrutiny as policymakers debate regulation.
Kalshi has asked the full Sixth Circuit Court of Appeals to rehear a late-September panel ruling that went against the company in Ohio and Tennessee, arguing the judges misread the Commodity Exchange Act.
NFL and NCAA games helped drive record trading volume at Kalshi and Polymarket, underscoring the growing clash between prediction markets and traditional sports betting rules.
Kalshi is reportedly investigating a small cluster of wagers placed on Katie Zacharia before Donald Trump announced her as White House press secretary, adding to broader scrutiny around political prediction markets and possible use of nonpublic information.
PrizePicks has introduced PrizePicks Packs, a digital product that lets users buy and open packs containing real physical trading cards held in storage, with shipping or sellback options after reveal.
