Geoff Zochodne

Prediction market operator Kalshi – and the business of betting and hedging on events like elections and economic data releases – now has the official backing of Trumpworld.

Maryland Gov. Wes Moore is proposing a major tax hike for sports betting operators in the Old Line State.

Wagering on elections in the United States using event contracts may now seem like an established thing – after all, millions were bet this past

Wagering on elections in the United States using event contracts may now seem like an established thing – after all, millions were bet this past November – but there is still an effort ongoing in the courts to put a stop to that action.

The two bills signal that state lawmakers are aware of the growing amount of election betting happening in the U.S.

The prediction market suggested earlier in the week that it was preparing to roll out event contracts tied to the outcome of various professional and college sports championships.

Iowa's proposed prohibition on proxy betting is inching forward in the state legislature.

“Anybody who has been watching sporting events these days could say that there is a blurring between the pre-event discussions and what is sports betting promotion."

Canada's most populous province is off to the polls again, a contest that could have consequences for Ontario's competitive online sports betting and internet casino gambling market.

A filing from Kalshi indicates the prediction market plans on ramping up its sports trading business even further, as it follows the company's recent launch of Super Bowl and other futures-like contracts.