The fight over prediction markets: state gambling suits and insider betting
Active · last development Sep 25: “Appeals court rules against Kalshi, says prediction markets can be regulated like gambling”
What this arc covers
The fight over prediction markets such as Kalshi and Polymarket: the states that say they are illegal gambling, including Arizona's criminal charges, Minnesota's ban, which the Trump administration sued over and a federal court halted, the rulings in Washington, Utah and Nevada, New York's lawsuits, New Jersey's request that the Supreme Court shut them down and Missouri's order; and the cases of people accused of betting with inside knowledge, including congressional candidates betting on their own races, the Senate's ban on trading by its members and staff, a Google engineer, George Santos's settlement and lifetime Kalshi ban, and Trump's teleprompter operator.

Earliest story we hold Mar 17, 2026 · 25 stories · 118 independent sources (counted once each) · 192 days
Where it standsnewest first · each bar runs left to right by leaning
Key momentsthe most covered; every story is below
- Mar 17 – 18Arizona AG files criminal charges against Kalshi over 'illegal gambling'26 articles · 25 independent sources
- Jul 16 – 19Trump’s teleprompter operator on unpaid leave for alleged prediction market bets on Trump speeches116 articles · 56 independent sources
- Jul 27 – 29Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court26 articles · 26 independent sources
- Jul 31 – Aug 1New York sues prediction market platform Kalshi alleging 'illegal gambling operation'99 articles · 53 independent sources
- Aug 31 – Sep 1Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading63 articles · 49 independent sources
Who covered it, over timeindependent sources per week, by side
LeftCenterRight
Point at or tap a week to see its count by side.
Every week as a table
| Week of | Left | Center | Right | Articles |
|---|---|---|---|---|
| Mar 16, 2026 | 9 | 8 | 2 | 28 |
| Mar 23, 2026 | 0 | 2 | 0 | 10 |
| Apr 20, 2026 | 6 | 5 | 3 | 19 |
| Apr 27, 2026 | 2 | 2 | 0 | 7 |
| May 18, 2026 | 4 | 0 | 2 | 8 |
| May 25, 2026 | 1 | 2 | 1 | 10 |
| Jun 1, 2026 | 3 | 3 | 2 | 11 |
| Jul 13, 2026 | 10 | 11 | 5 | 113 |
| Jul 20, 2026 | 1 | 5 | 1 | 10 |
| Jul 27, 2026 | 10 | 15 | 6 | 176 |
| Aug 3, 2026 | 1 | 2 | 1 | 5 |
| Aug 10, 2026 | 4 | 9 | 2 | 18 |
| Aug 17, 2026 | 0 | 1 | 1 | 8 |
| Aug 24, 2026 | 1 | 3 | 1 | 7 |
| Aug 31, 2026 | 14 | 15 | 7 | 84 |
| Sep 14, 2026 | 1 | 2 | 1 | 6 |
| Sep 21, 2026 | 6 | 8 | 5 | 41 |
| Sep 28, 2026 | 0 | 1 | 0 | 1 |
Stories before June 28, 2026 come from archived pages, so who covered them is limited to the outlets we recovered for that period.
35% left · 49% center · 16% right of 118 independent sources among the outlets we track, across 25 stories.
Every storyoldest first
March 2026
Mar 17– 18Arizona AG files criminal charges against Kalshi over 'illegal gambling'26 articles · 25 independent sources9 left, 6 center, 2 right- Mar 19MLB partners with Polymarket and makes integrity pact with federal commission on prediction markets6 articles · 4 independent sources0 left, 2 center, 1 right
- Mar 24Kalshi and Polymarket place new bans on insider trading as senators move to curb prediction markets11 articles · 8 independent sources0 left, 2 center, 0 right
April 2026
Apr 22– 23Kalshi fines and suspends 3 congressional candidates for wagering on their own elections20 articles · 17 independent sources6 left, 5 center, 3 right- Apr 30Senate bans prediction market trading by members, staff8 articles · 8 independent sources2 left, 2 center, 0 right
May 2026
May 19– 20Minnesota becomes first state to ban prediction markets, Trump administration sues10 articles · 10 independent sources4 left, 0 center, 2 right- May 28Google engineer made $1.2M by placing bets on Polymarket using confidential info, prosecutors allege14 articles · 11 independent sources1 left, 2 center, 1 right
June 2026
Jun 3George Santos reportedly investigated by DoJ over suspicious Kalshi bets7 articles · 7 independent sources3 left, 0 center, 2 right- Jun 3George Santos reported to prosecutors over suspicious Kalshi trades, AP source says6 articles · 6 independent sources0 left, 3 center, 0 right
July 2026
Jul 16– 19Trump’s teleprompter operator on unpaid leave for alleged prediction market bets on Trump speeches116 articles · 56 independent sources10 left, 11 center, 5 right- Jul 21– 22Washington judge halts Kalshi ‘prediction market’ over state gambling laws10 articles · 7 independent sources1 left, 5 center, 1 right
- Jul 27– 29Minnesota’s first-in-the-nation law banning prediction markets is halted in federal court26 articles · 26 independent sources4 left, 3 center, 4 right
- Jul 31– Aug 1New York sues prediction market platform Kalshi alleging 'illegal gambling operation'99 articles · 53 independent sources6 left, 12 center, 4 right
- Jul 31– Aug 1George Santos agrees to $35,000 settlement in federal probe over Kalshi trades54 articles · 14 independent sources0 left, 2 center, 1 right
August 2026
Aug 4– 6Judge lets Utah enforce state anti-gambling laws on Kalshi5 articles · 4 independent sources1 left, 2 center, 1 right- Aug 12– 13New York City Council investigating prediction markets' marketing practices10 articles · 10 independent sources2 left, 5 center, 2 right
- Aug 13– 14Kalshi ordered to cease most operations in Washington state9 articles · 9 independent sources2 left, 4 center, 0 right
- Aug 21Polymarket referred dozens of possible military insider trading cases to DOJ, source says8 articles · 8 independent sources0 left, 1 center, 1 right
- Aug 28– 29Federal appeals court panel gives Nevada a win in its fight to regulate prediction market Kalshi7 articles · 7 independent sources1 left, 3 center, 1 right
- Aug 31– Sep 1Kalshi bans ex-Congressman George Santos for life after concluding he likely was insider trading63 articles · 49 independent sources12 left, 13 center, 7 right
- Aug 31– Sep 2North Carolina congressional candidate banned from Kalshi for betting on her own race7 articles · 5 independent sources0 left, 3 center, 2 right
September 2026
Sep 2– 4New Jersey asks Supreme Court to shut down prediction markets16 articles · 16 independent sources4 left, 3 center, 2 right- Sep 18– 20Missouri AG orders Kalshi, Polymarket to stop operating prediction markets here6 articles · 5 independent sources1 left, 2 center, 1 right
- Sep 24– 25New York sues Polymarket, alleging illegal gambling operation25 articles · 23 independent sources6 left, 7 center, 3 right
- Sep 25– 28Appeals court rules against Kalshi, says prediction markets can be regulated like gambling21 articles · 10 independent sources0 left, 2 center, 2 right