According to Odaily and Cointelegraph, prediction market platform Kalshi announced support for establishing Americans for Fair Markets, a new lobbying organization, and appointed Taylor Budowich, former deputy White House chief of staff under the Trump administration, as strategic advisor. The organ

According to Bloomberg, a U.S. federal appeals court ruled that enforcement lawsuits filed by Nevada and Washington against prediction market platforms Kalshi and Polymarket may proceed in state courts, rejecting the companies' request to stay the cases pending appeal. The court found that Kalshi an

According to Bloomberg, a U.S. federal appeals court recently rejected Kalshi and Polymarket's request to suspend state-level enforcement lawsuits, allowing Nevada and Washington state cases to proceed. The court ruled that the prediction market platforms failed to demonstrate irreparable harm

According to CNBC, the U.S. House Oversight and Government Reform Committee, led by Chair James Comer, has launched an investigation into prediction market platforms Kalshi and Polymarket on May 23, 2026. The committee is requiring both companies to detail their insider trading prevention

According to CoinDesk, the U.S. House Oversight and Government Reform Committee plans to investigate prediction market platforms over concerns that government employees may be using insider information to profit

A Ninth Circuit panel on Thursday rejected attempts by Kalshi and Polymarket to block state-level gambling-related cases against them in Nevada and Washington. The appeals court denied the companies' requests to move disputes from state court to federal court, ruling that federal derivatives

According to BlockBeats, Americans for Fair Markets (AFM), a prediction market advocacy organization backed by Kalshi, officially launches on May 23 with Taylor Budowich, former White House deputy chief of staff, joining as strategic advisor. AFM aims to push for federal-level prediction market

According to CNBC, on May 22, prediction market platforms including Kalshi and Polymarket are continuing to expand amid regulatory uncertainty over federal versus state oversight. Kalshi's valuation reached $220 billion following its latest funding round, more than double its December valuation

According to Bloomberg, a U.S. federal appeals court rejected requests by prediction market platforms Kalshi and Polymarket to pause state-level enforcement lawsuits in Nevada and Washington. The court ruled the lawsuits may proceed in state court, finding the companies failed to demonstrate

According to India Today, India's Ministry of Electronics and Information Technology (MeitY) has issued a blocking order against Polymarket, with a blocking order for Kalshi expected as early as today, May 22. The orders will be enforced under Article 69A of the Information Technology Act,