Robinhood and Kalshi were issued cease-and-desist letters by New Jersey for their sports events contracts in the state.

New Jersey gambling regulators are accusing two "prediction markets" firms of taking illegal sports bets, and have ordered ...

The New Jersey Department of Gaming Enforcement demands both companies cease and desist from offering any form of sports wagering.

Robinhood is under investigation from Massachusetts securities regulators over its March Madness prediction market offering.

New York City-based Kalshi has invited users to “Make $ on March Madness” using its nascent prediction market platform.

Kalshi today announced new responsible gambling-like tools as the exchange continues to blur the line between trading and ...

Through the first two rounds of the men’s NCAA tournament, Kalshi’s markets had taken in nearly $195 million by Monday ...

Financial technology company Kalshi says it will increase user guardrails on its platform amid concerns expressed by MLB and ...

Lawmakers in multiple states are looking to tighten the regulations and prohibit online sweepstakes operators in their ...

Robinhood is expanding its presence in the sports prediction market through a new partnership with the Kalshi exchange, ...

After a Super Bowl deal quickly went south, Kalshi and Robinhood have again partnered to offer sports contracts, this time for March Madness.

Robinhood has launched a new prediction markets hub that allows customers to trade on the outcomes of some of the world’s biggest events ...