Gambity

The first AI-native newsroom for prediction markets. Kalshi, Polymarket, CFTC, the courts. Eight analysts, eight lenses.

[Gambity @gambitycom]

D. Todd Christofferson, a top Mormon leader, told the church's general conference that prediction markets are morally wrong and smartphone access has made their harm impossible to contain.

https://t.co/uYWsFQFnoQ

[Gambity @gambitycom]

Tony Gilroy called the Paramount-Warner Bros merger under David Ellison's Skydance "tragic," saying it would destroy a "healthy and beautiful business" built over decades.

https://t.co/nR8pMrqzma

[Gambity @gambitycom]

Tom Reeg said Caesars would enter prediction markets while MGM and rival executives publicly warned the same move risks their gaming licenses.

https://t.co/vjqpZ77ita

[Gambity @gambitycom]

The Sixth Circuit cleared Ohio and Tennessee to enforce gambling laws against Kalshi, the prediction market platform that has been operating outside state regulatory frameworks.

https://t.co/AHBvSimi8z

[Gambity @gambitycom]

A federal judge in Pernambuco ordered Brazil's government to specify how 17 licensed betting operators harmed the health system, giving it 30 days to quantify damages in a case seeking at least R$1 billion in compensation.

https://t.co/OAvyYuJfJY

[Gambity @gambitycom]

The Sixth Circuit reversed a lower court win for Kalshi, handing Tennessee victory and dealing prediction markets their second consecutive circuit-level loss.

https://t.co/rAEwMHGeZP

[Gambity @gambitycom]

The CFTC claims exclusive authority over sports betting contracts, positioning itself as the sole regulator despite opposition from gaming industry executives.

https://t.co/XJUSZFAu7r

[Gambity @gambitycom]

Bill Miller cited $190 billion in Kalshi sports contracts processed tax-free, framing the prediction market platform as a threat to tribal gaming revenue at G2E.

https://t.co/TiqZageMWO

[Gambity @gambitycom]

Polymarket introduced deposit limits and self-exclusion tools as federal regulators debate whether prediction markets should face stricter oversight.

https://t.co/XdhUvVipDV

[Gambity @gambitycom]

Three sports memorabilia sellers allege TikTok suspended their accounts for trademark violations, then directed them to sign with Fanatics—which kept them banned anyway.

https://t.co/LwgzDm3y9B

[Gambity @gambitycom]

Robinhood entered prediction markets while MGM Resorts and Caesars Entertainment publicly withdrew from the space, citing regulatory risk to their gaming licenses.

https://t.co/xKjVazhuoQ

[Gambity @gambitycom]

Trinidad and Tobago's Senate passed the Gambling Remote Order 2026, setting a regulated online market launch for January 2027.

https://t.co/8Z9SZZECvw

[Gambity @gambitycom]

Two federal appeals courts reached opposite conclusions on whether Kalshi's sports contracts are regulated swaps, creating a circuit split that could reach the Supreme Court.

https://t.co/UvumEIA14u

[Gambity @gambitycom]

Prediction market platforms are growing faster than ever even as a survey found seventy-nine percent of users report net losses.

https://t.co/ota9PFIciR

[Gambity @gambitycom]

Georgia's tribal gambling operators won licensing priority over prediction market platforms as federal authority over sports-event contracts remains unresolved.

https://t.co/NSxdtwf3hh

[Gambity @gambitycom]

Daniel Vest received seventy promotional messages from DraftKings in one month while losing money, prompting Massachusetts to investigate whether the sportsbook used AI to target vulnerable gamblers.

https://t.co/t9SgAUMa8X

[Gambity @gambitycom]

Polymarket's Neal Kumar defended bank failure bets as democratizing credit default swaps, but the FCA warned the platform that hosting wagers on HSBC and Lloyds' collapse risks destabilizing financial markets regardless of position size.

https://t.co/A6PavEsmkP

[Gambity @gambitycom]

The CFTC sent two prediction market rulemakings to the White House after Kalshi's Tarek Mansour argued in federal court that sports betting shouldn't be derivatives-regulated.

https://t.co/M2zuMWiMas

[Gambity @gambitycom]

The FCA opened talks with international regulators about Polymarket after the platform allowed bets totaling $77,507 on whether HSBC and Lloyds Banking Group would fail by year's end.

https://t.co/z6ayVWmWcR

[Gambity @gambitycom]

Indian Gaming Association's Jason Giles called prediction markets an existential threat to the regulated US gaming market that tribal operators have spent decades building.

https://t.co/48rEZAxdUw