New York officials have sued prediction market platform Kalshi for potentially billions of dollars, calling it an “illegal, unlicensed gambling operation” as the state seeks to halt its operations and force the company to forfeit its profits.

A federal judge has temporarily blocked Minnesota's law banning prediction markets, which was set to take effect Saturday.

Clinicians who treat gambling disorders are concerned about their patients turning to prediction markets.

A controversy has erupted over prediction markets such as Polymarket and Kalshi.

Arizona has become the first state to file criminal charges against Kalshi, accusing the prediction market platform of operating an illegal gambling business within its borders.

Utah is at the forefront of a states' rights battle between itself and prediction markets like Kalshi and Polymarket.