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Is Kalshi legal in Idaho?Sep 1, 2026

Is Kalshi legal in Idaho?

Idaho co-signed the 39-state brief that beat Kalshi in the Ninth Circuit on 28 August. Five days later the state has issued no letter, no suit, nothing. Kalshi still trades there.

The market repriced the Supreme Court in one hourSep 1, 2026

SCOTUS market: 29¢ to 55.5¢ in one hour

Hourly Polymarket data around the Ninth Circuit ruling. The December contract nearly doubled in sixty minutes. The October contract did not move at all. CSV included.

Is Kalshi legal in Hawaii?Aug 31, 2026

Is Kalshi legal in Hawaii?

Hawaii bans every form of gambling and has no sportsbook. Kalshi and Polymarket still run here, and no Hawaii authority has ever written a letter.

Is Kalshi Legal in Alaska? Binding Ruling, No EnforcerAug 30, 2026

Is Kalshi legal in Alaska?

The Ninth Circuit ruling is binding precedent in Alaska. Alaska has no sportsbook, no lottery and no regulator built to enforce it.

Ninth Circuit ruling: what changes in each of its nine statesAug 29, 2026

Ninth Circuit: what changes in each of its nine states

The ruling binds nine states. Two already have injunctions. Three have no legal sportsbook at all — and those are the ones nobody is writing about.

Does the NFL Have a Deal With Kalshi or Polymarket? (2026)Aug 28, 2026

Does the NFL have a deal with Kalshi or Polymarket?

No. And the reason matters: the league can veto bet types at a sportsbook by contract, but has to go to a federal regulator to reach an exchange.

Do sportsbooks make money from prediction markets? Flutter says $50mAug 27, 2026

Do sportsbooks make money from prediction markets?

Flutter booked $6m in Q2 and guided to $50m for the year — with an identical $50m EBITDA benefit. That equality is the whole story.

Is Kalshi legal in Oklahoma? 2026 status, tribal compacts and HB 1047Aug 26, 2026

Is Kalshi legal in Oklahoma? The state with no regulator to send the letter

No cease-and-desist, no licensed sportsbook, and a tribal exclusivity fight running through the Ninth Circuit instead.

Is Kalshi legal in Rhode Island? The state that sued both — and got sued backAug 25, 2026

Is Kalshi legal in Rhode Island? The state that sued both — and got sued back

No injunction, no ruling, three live cases. And a state that takes a bigger cut of sports betting than any other.

Is Kalshi legal in Utah?Aug 24, 2026

Is Kalshi legal in Utah? The first state to win a final judgment

No sportsbook, no lottery, no betting tax — and the first final federal judgment that state gambling law reaches Kalshi. What it does, and what it pointedly does not do.

Is Kalshi legal in Louisiana?Aug 24, 2026

Is Kalshi legal in Louisiana? The loudest state without a lawsuit

The regulator says no licence, no market — and has sent the letters to prove it. What it has not done is sue. Kalshi operates untaxed while licensed books pay 21.5%.

States are beating Kalshi 19–4Aug 22, 2026

States are beating Kalshi 19–4. The coverage says the opposite.

Nineteen of 23 injunction decisions have gone to the states. Why the reporting reads the other way — and a correction to our own newsletter.

Is Kalshi legal in Virginia? The state that legislated everything elseAug 22, 2026

Is Kalshi legal in Virginia? The state that legislated everything else

Virginia wrote rules for online casinos, skill games and DFS in 2026. Event contracts were in none of them — and the Fourth Circuit is about to rule above the state anyway.

Is Kalshi legal in North Carolina? The first state to write CFTC authority into lawAug 21, 2026

Is Kalshi legal in North Carolina? The first state to write CFTC authority into law

Is Kalshi legal in Indiana? The state whose regulator says it is not the regulatorAug 20, 2026

Is Kalshi legal in Indiana? The state whose regulator says it is not the regulator

Is Kalshi legal in Oregon? The only state where the gap is a ruleAug 19, 2026

Is Kalshi legal in Oregon? The only state where the gap is a rule, not a lawsuit

Do Kalshi’s geofences actually work? The app-version gap, explainedAug 18, 2026

Do Kalshi’s geofences actually work?

Is Kalshi legal in Missouri? The state that hasn't movedAug 17, 2026

Is Kalshi legal in Missouri?

The top BTC long changed hands. The short didn't blink.Aug 16, 2026

Whale board: the top BTC long changed hands

Prediction Market Change Log: Every Dated State Rule ChangeAug 15, 2026

Prediction market change log

Is Kalshi legal in Tennessee? The case that could split the circuitsAug 14, 2026

Is Kalshi legal in Tennessee?

Who pays for prediction market coverage?Aug 13, 2026

Who pays for prediction market coverage?

Is Kalshi legal in Texas? The state that studied instead of suedAug 12, 2026

Is Kalshi legal in Texas? The state that studied instead of sued

Is Kalshi legal in Florida? The compact question nobody has litigatedAug 12, 2026

Is Kalshi legal in Florida? The compact question nobody has litigated

Is Kalshi legal in Pennsylvania? The regulator objects, the legislature negotiatesAug 12, 2026

Is Kalshi legal in Pennsylvania? The regulator objects, the legislature negotiates

Is Kalshi legal in Illinois? Sports contracts are blocked, and a tax is waitingAug 12, 2026

Is Kalshi legal in Illinois? Sports contracts are blocked, and a tax is waiting

Is Kalshi legal in Connecticut? The first cease-and-desist, and what happened nextAug 12, 2026

Is Kalshi legal in Connecticut? The first cease-and-desist, and what happened next

Is Kalshi legal in Iowa? The lawsuit Kalshi filed firstAug 13, 2026

Is Kalshi legal in Iowa? The lawsuit Kalshi filed first

Is Kalshi legal in Montana? Sports contracts are restrictedAug 13, 2026

Is Kalshi legal in Montana? Sports contracts are restricted

Is Kalshi legal in Colorado? Untaxed, unlicensed, unchallengedAug 13, 2026

Is Kalshi legal in Colorado? Untaxed, unlicensed, unchallenged

Is Kalshi legal in Maryland? The case Kalshi lost, and the split it createdAug 12, 2026

Is Kalshi legal in Maryland? The case Kalshi lost

Is Kalshi legal in Georgia? The only sports market in the stateAug 12, 2026

Is Kalshi legal in Georgia? The only sports market in the state

Is Kalshi legal in Minnesota? The ban that never startedAug 11, 2026

Is Kalshi legal in Minnesota? The ban that never started

Is Kalshi legal in Arizona? The criminal case that got thrown outAug 11, 2026

Is Kalshi legal in Arizona? The criminal case that got thrown out

Is Kalshi legal in California? The tribes, the Ninth Circuit and what happens nextAug 11, 2026

Is Kalshi legal in California? The tribes and the Ninth Circuit

Is Kalshi legal in Wisconsin? The CFTC just lost round oneAug 11, 2026

Is Kalshi legal in Wisconsin? The CFTC just lost round one

Is Kalshi legal in New Jersey?Aug 10, 2026

Is Kalshi legal in New Jersey? The Third Circuit ruling explained

How do election prediction markets work?Aug 10, 2026

How do election prediction markets work?

Prediction MarketsIs Kalshi legal in Ohio? The $5 million fine fight, explainedAug 10, 2026

Is Kalshi legal in Ohio? The $5M fine fight

Prediction MarketsIs Kalshi legal in Kentucky? The Coleman lawsuit, explainedAug 10, 2026

Is Kalshi legal in Kentucky?

Prediction MarketsIs Kalshi legal in your state? The 50-state trackerAug 10, 2026

The 50-state Kalshi legality tracker

Prediction MarketsIs Kalshi legal in New York? The $36 billion James lawsuit, explainedAug 10, 2026

New York sues Kalshi for $36 billion

Prediction MarketsIs Kalshi legal in Washington? The injunction is live — and the geofence lands August 26Aug 10, 2026

Is Kalshi legal in Washington? The injunction is live

Prediction MarketsParlay calculator: combined odds, payout and the real house edgeAug 9, 2026

Free tool: parlay calculator — payout and the real house edge

SportsMost common Powerball numbers: does picking them improve your odds?Aug 8, 2026

Most common Powerball numbers: do they improve your odds?

Betting IndustryKalshi vs Polymarket fees compared: what a trade actually costs in 2026Aug 8, 2026

Kalshi vs Polymarket: fees compared

Prediction MarketsIs Kalshi legal in New Mexico? Two lawsuits, no injunction — yetAug 7, 2026

Is Kalshi legal in New Mexico?

Prediction MarketsIs Kalshi legal in Massachusetts? The Supreme Judicial Court case, explainedAug 6, 2026

Is Kalshi legal in Massachusetts?

Prediction MarketsDo preseason rankings predict the college football champion?Aug 13, 2026

Do preseason rankings predict the CFB champion?

SportsIs Kalshi legal in Nevada? The August 12 geofence, explainedAug 4, 2026

Is Kalshi legal in Nevada?

Prediction MarketsIs Kalshi legal in Michigan? The August 12 deadline that decides itAug 4, 2026

Is Kalshi legal in Michigan?

Prediction MarketsSportsPowerball expected value: is a $700 million jackpot ever a good bet?Aug 2, 2026

Powerball expected value: is a $700M jackpot ever a good bet?

Betting IndustryLottery odds vs. prediction market odds: what is a jackpot really worth?Jul 30, 2026

Lottery odds vs. prediction market odds

Betting IndustryPrediction MarketsSportsSportsSportsPrediction MarketsPrediction MarketsNFL Super Bowl odds in training camp: how the futures board actually repricesJul 24, 2026

NFL camps open, Super Bowl board reprices

SportsCould Congress ban sports prediction markets? The bills, the hearing and the realistic oddsJul 21, 2026

Congress weighs a ban on sports event contracts

Prediction MarketsSportsSportsSportsPrediction MarketsSportsSportsbook vs prediction market: which one actually gives you a better price?Guide

Sportsbook vs prediction market: where is the better price?

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