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A DeFi Rate snapshot of Kalshi and Polymarket prices on Oct. 12 showed Democrats favored to win both the Senate and House, while markets put the chance of an Oct. 28 Fed rate hike at 19%.
A Wyoming legislative committee unanimously backed draft legislation to ban online sweepstakes casinos, with supporters saying it would clarify illegal gambling rules and opponents warning the language may be too broad.
Macquarie says prediction market taker volume could reach $187 billion in 2026, with sports driving most of the growth and DraftKings and FanDuel showing early traction.
Fanatics CEO Michael Rubin said the operator could raise sports betting advertising spend to as much as $1 billion as it pushes for more market share against DraftKings and FanDuel.
Fontainebleau Development is reportedly planning a large-scale overhaul of Big Easy Casino in Hallandale Beach, with expanded gaming space, dining, bars, entertainment, and parking.
The CFTC has unveiled two measures aimed at clarifying its authority over prediction markets, proposing to classify many event contracts as swaps while excluding sportsbook and casino-style gambling products from that definition.
