Novig Valuation Quadruples to $2 Billion as Prediction Markets Draw Investor Interest
Novig, the sports-focused prediction-market platform, has closed a new funding round that values the company at approximately $2 billion, quadrupling its valuation from earlier this year, according to reports from The Wall Street Journal and other outlets. The development underscores accelerating investor appetite for prediction markets, even as the More...
Brazilian Football Clubs Push Back Against Lula’s Online Betting Ban
Brazil’s leading football clubs have aligned themselves with sports betting operators in opposition to a sweeping government decree that bans online gambling, a measure that threatens to strip clubs of some More...
Sixth Circuit Rules Against Kalshi, Allowing States To Regulate Prediction Markets
A federal appeals court has dealt a significant setback to prediction market operator Kalshi, ruling that states Ohio and Tennessee may regulate the company’s sports-related event contracts under their respective More...
New York Sues Polymarket, Alleging Illegal Gambling Operation, as Company Countersues
New York Attorney General Letitia James and Governor Kathy Hochul announced a lawsuit on Thursday against Polymarket US, accusing the prediction market platform of operating an illegal gambling operation in New More...
Massachusetts Sports Betting Handle Rises 5% in August, but Operator Revenue Falls to Two-Year Low
The Massachusetts Gaming Commission has reported that the state’s online and retail sportsbooks accepted $571.24 million in wagers during August 2026, an increase of approximately 5% year-over-year. Despite More...
Kalshi and Montana Agree to Drop Cross-Complaints Over Prediction Market Dispute
Kalshi and the State of Montana have jointly agreed to dismiss their federal lawsuits against each other, ending a legal confrontation that began when state regulators accused the prediction market operator of offering More...
Michigan Sports Betting Handle Slips 2% Year-over-Year in August as Seasonal Lull Takes Hold
Michigan sportsbooks accepted $330.5 million in wagers during August 2026, according to data released by the Michigan Gaming Control Board (MGCB), marking a rare year-over-year decline of approximately 2 percent. More...
Novig Trading Volume Surges With Start of NFL Season
Sports-focused prediction market Novig has surpassed $1.1 billion in cumulative trading volume as the start of the NFL regular season drove a sharp increase in activity on the platform. The surge coincides with More...
Ninth Circuit Rules Kalshi’s Sports Contracts Constitute Illegal Gaming on Tribal Land
A federal appeals court has delivered a significant setback to Kalshi, ruling that the prediction market operator is likely violating federal gaming law by offering sports event contracts on tribal lands in California. More...
Virginia Sports Betting Revenue Passes $55 Million in July
Virginia’s regulated sports betting market delivered one of its strongest monthly performances of the year in July 2026, generating $55.39 million in gross gaming revenue from a total handle of $609.16 million, More...
