The 2026 World Cup will crown its champion Sunday afternoon at MetLife Stadium, and by any traditional measure, it has already been the biggest betting event in American history. But the record that matters most was not set at a sportsbook. It was set on the prediction markets, where more money has changed hands on … Read more
He told the Lakers he is leaving, and the money moved instantly. Traders on Kalshi and Polymarket have staked tens of millions on his next uniform, and after a wild week the smart money says he is going home. LOS ANGELES – The most expensive question in basketball right now is not who wins the … Read more
Voters, judges, regulators: for years the state’s most powerful gaming interest has thrown everything at its only in-state competitors and come up empty. After the June 30 ruling, five doors remain open, and none of them is easy. SACRAMENTO — In most fights over gambling money, the side with $12 billion beats the side with … 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.