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Gambling news · Canada
REGULATION August 12, 2026

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
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
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.
REGULATION Aug 12
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
A Gambling Insider analysis finds Kalshi "combo" bettors lose up to 35 cents per dollar staked, far worse than the blended figure widely reported.
Canadian market data · Q2 2026
Total wagers, Q2 C$25.1B
Gaming revenue C$914M
Live operators 51
Active player accounts 1.4M

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REGULATION Aug 12
Railbird Exchange, DraftKings' DKeX platform, has filed nine NFL and college football contracts with U.S. regulators ahead of kickoff.

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