California makes you 21 to play a cardroom or most tribal casinos, and it has no legal sportsbook at any age. But an 18-year-old here can open a Kalshi account and trade sports event contracts, including on college football, because the federally regulated exchange sets its floor at 18, not 21. SACRAMENTO, Calif. — An … Read more
A wave of insider-trading cases, from a soldier who bet on a classified military operation to Trump’s teleprompter operator, has made prediction markets a federal enforcement target. California moved on the risk months before the scandals broke. WASHINGTON — The people getting caught are what make the story. An Army master sergeant with a security … Read more
A Wall Street Journal investigation found Polymarket paid young influencers to fake winning bets. Now Adam Schiff wants the federal regulator to explain why these apps aren’t treated like the casinos they resemble. WASHINGTON — The videos looked like easy money. A young person films a phone screen, taps a few times on what appears … Read more
As well-timed bets on war and politics piled up on Kalshi and Polymarket, California moved to keep its own officials from cashing in. Three more governors did the same within weeks. SACRAMENTO – There was money to be made on the worst news of the year. As the federal government weighed military strikes and other … Read more
California Won’t Let You Bet on Sports. Its College Athletes Are Harassed by Gamblers Anyway. No one in the state can wager on a regulated book for a game, but Bruins and Trojans are among the players asking for shelter from gamblers. A gap in federal law could make things worse. SACRAMENTO – No state … Read more
The Indian Gaming Association announced a national legal defense fund at its April convention in San Diego, organized against Kalshi, Polymarket, and the broader prediction-market industry. Tribal gaming generated nearly $44 billion in 2024.