Kalshi’s US Legal Squeeze Tightens as Connecticut Court Rebuffs CFTC Authority

A Connecticut judge denied Kalshi's injunction bid, questioning CFTC power, as new geofencing deadlines and a White House meeting loom this week.

By Marie Toussaint · 3 min read

REGULATION Aug 17

Pennsylvania Bill Would Regulate Prediction Markets Without Taxing or Licensing Them

HB 2711 would add consumer safeguards for sports event contracts in Pennsylvania, but skips licensing or taxation as Kalshi fights states in court.

BUSINESS Aug 16

Caesars Explains Why It Picked Fertitta’s $31 Bid Over Icahn’s Higher $34 Offer

A new SEC filing shows Caesars rejected Carl Icahn’s $34-a-share bid over financing gaps, citing Tilman Fertitta’s $17.6B deal as more certain.

BUSINESS Aug 16

Chicago Council Presses Bally’s to Restart Full $1.7B Casino Build Amid VGT Feud

Twenty-eight Chicago alderpersons demand Bally’s honour its host agreement after the operator paused non-gaming work, citing a video terminal dispute.

REGULATION Aug 15

New York iGaming Push Stalls as Key Lawmaker Calls It ‘Perpetually Five Years Out’

A top New York assemblymember says online casino legalization remains distant, underscoring how slowly U.S. iGaming expansion compares with Ontario’s open market.

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

ENFORCEMENT Aug 15

Kalshi’s US Legal Woes Deepen as CFTC Clashes With New York, Courts Side Against It

Kalshi lost in Connecticut and Washington state courts this week as the CFTC took the unusual step of ordering it to keep operating in New York.

ENFORCEMENT Aug 14

Baltimore Sues Kalshi and Polymarket, First US City to Target Prediction Markets

Baltimore alleges Kalshi, Polymarket and partner apps ran unlicensed sports wagering, deepening North America's prediction-market legal fight.

BUSINESS Aug 14

Entain Says UK Tax Hike Is Boosting Its Market Share, Even as Profits Take a Hit

Ladbrokes owner Entain absorbed a £56M H1 hit from UK's remote gaming tax rise but says rivals' struggles are handing it market share, including gains in Canada.

ENFORCEMENT Aug 13

Kalshi, Polymarket Flag 140+ Suspected Insider Traders as CFTC Enforcement Stalls

Prediction market platforms are referring dozens of suspected insider traders to the CFTC, but a gutted enforcement staff has charged just three people.