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Industry
April 1, 2025
William Hill, Polymarket Offer Betting on Trump Serving a Third Term
UK operator William Hill and prediction market Polymarket have launched betting markets on US President Donald Trump serving a third term. While this would require significant changes to the Constitution, the markets offer some tempting payouts, should it happen. William Hill Believes There Is a Chance William Hill has become the first bookmaker in the […]
Industry
February 20, 2025
BetMGM Offers Bets on Canadian Politics as Elections Draw Near
As the Canadian elections draw near, BetMGM Canada has launched appropriate markets, bringing political pundits closer to the action. While the odds could change at any time, it seems that BetMGM currently trusts Mark Carney to succeed Justin Trudeau as the head of the Liberals and prime minister of Canada. However, the company isn’t so […]
Industry
February 4, 2025
CFTC Issues Supplemental No-Action Letter to Kalshi
Last September, the Court of Appeals for the District of Columbia Circuit applied a temporary freeze order against Kalshi, stopping election betting operations right after a judge sided with the prediction market platform. One of the latest developments in the two sides’ long-term legal hurdle consisted of the January 17 hearing at the same court […]
Legal
January 20, 2025
Legal Battle Between Kalshi and CFTC Intensifies
Ahead of the Presidential Elections in the United States in November, the Commodity Futures Trading Commission (CFTC), an agency that regulates US derivative markets and combats manipulation, fraud and other unlawful practices, clashed with Kalshi, a regulated exchange and prediction market offering trading on the outcome of real-world events. While the legal hurdle between the […]
Industry
January 8, 2025
Better Times for Political Betting May Be on the Horizon as CFTC Chair Resigns
The US Commodity Futures Trading Commission (CFTC) chairman is set to step down, potentially heralding a favorable era for political betting. Rostin Behnam, who chaired the commission during Biden’s presidency, was among the chief opponents of the growing vertical. Behnam Says He Did His Job to the Best of His Abilities Behnam announced his exit […]
Industry
December 19, 2024
New Bill to Prohibit Election Betting Introduced in US House
It has been a busy election season in the United States that culminated with the win of former President Donald Trump against his rival and current President, Joe Biden. While many supported the President-elect with their vote, some considered also placing a bet. That’s the case because platforms such as Kalshi and Polymarket, which offer […]
Industry
December 17, 2024
Justin Trudeau Eyes Resignation, Betting Markets Available
Justin Trudeau is rumored to be considering an exit as leader of the Liberal Party. According to reports, this consideration was prompted by the recent resignation of Chrystia Freeland as finance minister. Freeland Quit as Finance Minister The Canadian PM reportedly told Freeland that he doesn’t want her as a finance minister, offering her another […]
Legal
December 10, 2024
CFTC’s Tensions with Kalshi Escalate amid Legal Battle
The US Commodity Futures Trading Commission (CFTC) is locked in an increasingly contentious battle with Kalshi, a prediction marketplace allowing users to trade event-based futures contracts ranging from the traditional to the bizarre. The dispute, centered on the legality and oversight of Kalshi’s offerings, has escalated in the wake of a September court decision allowing […]
Industry
December 3, 2024
Labour Candidate Cleared Following Election Bet Investigation
A Labour parliamentary candidate who admitted to making a “stupid error” by betting against his own success in an election has been cleared after an investigation. Lack of “Sufficient Evidence” Kevin Craig, previously suspended as Labour’s candidate for Central Suffolk and North Ipswich, faced scrutiny after the Gambling Commission launched an inquiry into his actions. […]
Industry
November 19, 2024
Gambling Commission Continues UK Election Betting Probe
Earlier this year, a massive betting-related scandal erupted in the UK just ahead of the country’s General Election. Labor and Conservative politicians, police officers and other people, suspected of placing bets on the date of the election with insider knowledge, fell into the sights of the gambling regulator, the Gambling Commission. Up to Five Officials […]
