Sportsbooks, Prediction Markets Funnel Millions Into Florida Governor’s Race

Gambling firms, the Seminole Tribe and Kalshi have given over $12M to Florida politics, mostly to GOP hopeful Byron Donalds.

By Marie Toussaint · 3 min read

ENFORCEMENT Aug 12

NYC Council Investigates Kalshi, Polymarket Over Ads Targeting Minors

New York City Council has demanded user, revenue and marketing data from four prediction market platforms amid fears youth are being targeted.

REGULATION Aug 12

CFTC Tells Prediction Markets to Ditch Sportsbook-Style Odds Displays

US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.

HARM REDUCTION Aug 12

US Problem Gambling Body Faces Backlash Over $2M Kalshi Partnership

Michigan and Nevada have cut ties with the NCPG after it took $2 million from prediction-market firm Kalshi, sparking a legitimacy crisis.

REGULATION Aug 12

Connecticut Judge Rules Kalshi Sports Contracts Are Gambling, Not Swaps

A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.

Canadian market data · Q2 2026

Total wagers, Q2 C$25.1B

Gaming revenue C$914M

Live operators 51

Active player accounts 1.4M

Latest

Updated hourly

REGULATION Aug 12

US Lawmakers Demand MLB Curb VIP Sportsbook Marketing After Harper Video Furor

Three members of Congress want MLB and its players' union to end VIP sportsbook promotions after a personalized Bryce Harper video reached a bettor with major losses.

ANALYSIS Aug 12

Kalshi Parlay Bettors Losing Far More Than Headline $294M Figure Suggests: Report

A Gambling Insider analysis finds Kalshi "combo" bettors lose up to 35 cents per dollar staked, far worse than the blended figure widely reported.

REGULATION Aug 12

DraftKings’ Prediction Market Arm Files Nine Football Contracts With CFTC

Railbird Exchange, DraftKings' DKeX platform, has filed nine NFL and college football contracts with U.S. regulators ahead of kickoff.

By province

13 jurisdictions, 13 rulebooks

ON Open market

51 operators live under iGaming Ontario

AB Launching 2027

First private licences issued this month

BC Crown monopoly

PlayNow keeps exclusive online rights

QC Under review

Loto-Québec consults on opening up

ATL Crown monopoly

Atlantic Lottery online growth flattens

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