Prediction Markets Boom: U.S. Demand Surges 5x in Just Eight Months – But Two Firms Are Taking Almost Everything
Prediction markets are all the rage in the U.S. and demand has surged more than fivefold since August 2025 but the boom…
Kalshi
Brazil Brings The Boom Down On Prediction Markets
Brazil’s National Monetary Council (CMN), which oversees the nation’s financial markets and monetary policy, has brought the boom down on products being…
Letter From America 55
Ceasefires may be on the political agenda this week in Washington but, as our latest Letter From America reports, there’s no sign…
Prediction Markets: Trumpland Puts The Fix In
Above and, seemingly, beyond the law, Trumpland has put the fix in on booming prediction markets. Amid a flurry of lawsuits seeking…
Saturday Night’s All Right For Fighting, Promotes Polymarket
In defiance of growing moral outrage, but perhaps in keeping with the debased spirit of the age, controversial predictions market Polymarket–already under…
Brazilian Operators Call Time On Prediction Markets As Kalshi Goes Live
Kalshi’s entry into Brazil has sparked backlash from the country’s online betting industry, with operators urging regulators to crack down on prediction…
The Rise and Rise Of Prediction Markets Kalshi and Polymarket Now Seeking Valuations of US$20 Billion
Barely three months ago, when it sought to raise US$1 billion in funding, prediction markets pioneer Kalshi was valued at US$11 billion….
Letter From America 52
It’s not Letter From America’s role to write obituaries, but 2026–spurred by the inexorable rise of prediction markets–is already shaping up to…
Prediction Polymarket Under Investigation By Israel Secret Service Shin Bet
Controversial prediction markets site Polymarket–at the centre of an alleged insider betting scandal over the sequestration of Venezuelan strongman Nicolás Maduro by…
Stench of Corruption Emanating From U.S. Prediction Markets
The stench of corruption emanating from U.S. prediction markets has become undeniable. From the controversial decision of the highest authority in the…
Letter From America 50
Welcome back to another unmissable posting of Letter From America, led this week, sine qua non, by Missouri, which officially became the…
Both Sides Now: Kalshi Trumps Trump With New CNN Prediction Market Deal
No doubt emboldened by its US$11 billion valuation, Kalshi–hitherto President Donald Trump’s favourite prediction markets site for correctly predicting his return to…
Don’t Massachusetts With Us, Triggered By Prediction Markets Civil War Breaks Out in American iGaming
Some time back when the prediction markets story began to break big this publication, with some prescience it now appears, ran the…
Letter From America 48
Welcome back for another whirlwind tour of the latest breaking news from the U.S. iGaming industry. Welcome to the latest edition of…
Looking To Seize Zeitgeist And Profits, Flutter To Launch Predicts Site In GoldStar States
COMMENTARY: Well versed in self-promotion, with its much-touted “Flutter Effect”, Flutter Entertainment–best known as the parent company of leading U.S. sports book…
And Behold Trump Predicts A New Truth Is Born
It’s difficult to gauge whether President Trump’s new prediction market ally was speaking tongue-in-cheek or fervently believed the spiel he was spinning…
Hoping This Railbird Will Fly, DraftKings Joins The Great Prediction Markets Race
DraftKings, the number two digital sports book and iGaming outfit in the United States, has officially joined the great prediction markets race…
Kalshi And Prediction Markets Question Continues To Roil U.S. iGaming Legislators
This week the Michigan Gaming Control Board (MGCB) fired a prediction markets warning shot across the bows of America. And guess what?…
Return Of The Prodigal Son, Polymarket’s U.S. Future Boosted By US$2 Billion Investment
Predictions site Polymarket’s fully-fledged return to home U.S. territory has been considerably boosted by a US$2 billion (£1.48bn) investment from the owners…
Letter From America 45
Welcome to the latest edition of iGF’s unmissable Letter From America. This week we’re presenting a compelling mix of hot headlines and…
DFS 3.0, The Big Heat: FanDuel, DraftKings Coming For Prediction Markets
Flutter Entertainment’s FanDuel–which entered the pre-PASPA U.S. sports betting space as a DFS pioneer, along with DraftKings–has thrown down the gauntlet to…
Letter From America 43
Welcome to our latest Letter From America. It’s a bumper edition this week, so we’re diving right in. First stop, the progressive…
What’s In A Name? Euphemism and LLMs Replace Fear and Loathing in Prediction Markets
Paranoid? Worried about the impact of A.I. on your employment prospects? No need to be. AI has been consigned to the definitions…
Targetting Kalshi, California Tribes Go To DEFCON 1
BREAKING NEWS: Three of California’s federally-recognised Tribes are suing prediction market betting sites Kalshi and Robinhood for violating the Indian Gaming Regulatory…
Here’s Henry Williams! America’s Most Progressive Regulator
Meet Henry Williams, the man taking on illegal gambling operators and turning Michigan into a model for regulation across the United States….
Amid Bear Pit Of Legal Fights, Hot and Heavy Prediction Market Sites Kalshi and Polymarket Secure Millions in Funding
Despite legal battles, controversial prediction market wagering sites Kalshi and Polymarket have raised millions of dollars in funding to boost their assault…
Letter From America 40
Welcome to edition 40 of Letter From America. This week, the “Kalshi Crisis” continues to unfold as the regulated betting industry and…
Letter From America 39
Across this vast nation the regulated online and retail gambling industry is under fire, as this week’s Letter From America, featuring sweepstake…
Betting On The Future is a Family Affair, Trumpworld Powers Prediction Markets
Never has the ancient, back-handed Chinese rejoinder, I hope you live in “interesting” times, been more prescient. For, under the stewardship of…
California Kalshi Crisis: Tribal Gaming Threatened By Prediction Markets
EXCLUSIVE: Prediction market sports contracts–branded an existential “California Kalshi Crisis”–have now come to the Golden State in flagrant violation of constitutional Native…
Power Shift As The Americas Set To Surpass Europe’s iGaming GGR, Says Vixio
A cross-Atlantic iGaming power shift is underway, with regulated online gambling in The Americas set to equal–and surpass–GGR in Europe, predicts forensic…
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As the regular legislative sessions in many states come to a close as we write this week’s “Letter From America”, several of…
Papal Heaven Can’t Wait For Kalshi and Prediction Markets
Despite widespread illegality and a traditional disdain for betting on the outcomes of papal conclaves, gambling on who’s going to be the…
Letter From America 35
It was always going to be an eventful second term for President Trump, but few would have predicted such a frenetic pace…
What’s Not To Kalshi? Nevada Cease-and-Desist Order Nixed By Feds
Prediction markets platform Kalshi has won a temporary restraining order against the Nevada Gaming Control Board (NGCB), allowing it to continue operating…
Kalshi Fights Back Against State Regulators
The blows keep landing for predictions market platform Kalshi, which faces mounting pressure from U.S. state regulators with cease-and-desist orders issued in…
Casino Cabbie’s Letter From America #34
This week’s Casino Cabbie “Letter From America” features a clutch of big names in the regulatory firing line: from prediction market platform…
Casino Cabbie’s Letter From America 33
Before we start our latest Letter From America, welcome to March Madness and the start of Problem Gambling Awareness Month in the…
Prediction Markets: Battle For The Soul of U.S. iGaming
A Trumpian “Mother of all iGaming Battles” is looming over the status and legality of the coming–but wildly controversial–prediction markets business. At…
Super Bowl’s Big Easy Set To Top US$20 Billion
American Football’s Super Bowl–the biggest betting bonanza in single event world sport–kicks off this Sunday in the “Big Easy” with a stake,…
Trump On Trump: Gambling USA 2025, It’s Going To Be A Bigly Year
Before the presidency, before “The Apprentice”, there was gambling and Donald Trump’s controversial Atlantic City casino empire: The Trump Plaza Casino and…