INDEPENDENT · NO HYPE · 18+

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Aug 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.

Aug 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.

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.

Aug 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.

Aug 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.

Aug 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.

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.

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%.

Aug 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.

Aug 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.

Aug 21, 2026

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

Aug 20, 2026

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

Aug 19, 2026

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

Aug 18, 2026

Do Kalshi’s geofences actually work?

Aug 17, 2026

Is Kalshi legal in Missouri?

Aug 16, 2026

Whale board: the top BTC long changed hands

Aug 15, 2026

Prediction market change log

Aug 14, 2026

Is Kalshi legal in Tennessee?

Aug 13, 2026

Who pays for prediction market coverage?

Aug 12, 2026

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

Aug 12, 2026

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

Aug 12, 2026

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

Aug 12, 2026

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

Aug 12, 2026

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

Aug 13, 2026

Is Kalshi legal in Iowa? The lawsuit Kalshi filed first

Aug 13, 2026

Is Kalshi legal in Montana? Sports contracts are restricted

Aug 13, 2026

Is Kalshi legal in Colorado? Untaxed, unlicensed, unchallenged

Aug 12, 2026

Is Kalshi legal in Maryland? The case Kalshi lost

Aug 12, 2026

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

Aug 11, 2026

Is Kalshi legal in Minnesota? The ban that never started

Aug 11, 2026

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

Aug 11, 2026

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

Aug 11, 2026

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

Aug 10, 2026

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

Aug 10, 2026

How do election prediction markets work?

Prediction MarketsAug 10, 2026

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

Prediction MarketsAug 10, 2026

Is Kalshi legal in Kentucky?

Prediction MarketsAug 10, 2026

The 50-state Kalshi legality tracker

Prediction MarketsAug 10, 2026

New York sues Kalshi for $36 billion

Prediction MarketsAug 10, 2026

Is Kalshi legal in Washington? The injunction is live

Prediction MarketsAug 9, 2026

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

SportsAug 8, 2026

Most common Powerball numbers: do they improve your odds?

Betting IndustryAug 8, 2026

Kalshi vs Polymarket: fees compared

Prediction MarketsAug 7, 2026

Is Kalshi legal in New Mexico?

Prediction MarketsAug 6, 2026

Is Kalshi legal in Massachusetts?

Prediction MarketsAug 13, 2026

Do preseason rankings predict the CFB champion?

SportsAug 4, 2026

Is Kalshi legal in Nevada?

Prediction MarketsAug 4, 2026

Is Kalshi legal in Michigan?

Prediction MarketsSportsAug 2, 2026

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

Betting IndustryJul 30, 2026

Lottery odds vs. prediction market odds

Betting IndustryPrediction MarketsSportsSportsSportsPrediction MarketsPrediction MarketsJul 24, 2026

NFL camps open, Super Bowl board reprices

SportsJul 21, 2026

Congress weighs a ban on sports event contracts

Prediction MarketsSportsSportsSportsPrediction MarketsSportsGuide

Sportsbook vs prediction market: where is the better price?

Betting Industry

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