Gambling firms, the Seminole Tribe and Kalshi have given over $12M to Florida politics, mostly to GOP hopeful Byron Donalds.
Kalshi
New York City Council has demanded user, revenue and marketing data from four prediction market platforms amid fears youth are being targeted.
US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.
Michigan and Nevada have cut ties with the NCPG after it took $2 million from prediction-market firm Kalshi, sparking a legitimacy crisis.
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.
A Gambling Insider analysis finds Kalshi "combo" bettors lose up to 35 cents per dollar staked, far worse than the blended figure widely reported.