Under the bill, a transaction would be illegal if its value "depends on the outcome of future events" tied to certain categories. These include athletic competitions, casino-style contests, political races, or events involving identifiable individuals or groups. Markets connected to wars, terrorism, disasters, public health emergencies, or deaths would also fall under the prohibition.
Caesars operates more than 50 casino and hotel properties under brands including Caesars, Harrah's, and Horseshoe. Despite $11.49 billion in full-year 2025 revenue, the company carries $11.9 billion in aggregate debt and posted a net loss of $502 million for the full year. Its stock sat near $19.70 at the time of its Q4 earnings filing, well below its 52-week high of $31.58.
Polymarket is partnering with Palantir Technologies and TWG AI to build a monitoring system designed to detect suspicious activity across sports prediction markets. The companies say the project will combine prediction market data with advanced artificial intelligence tools to identify unusual trading behavior and strengthen confidence in the fast-growing sector.
According to AAA, the national average gas price has jumped to $3.45 per gallon today. One week ago, the average was $2.98 per gallon - a 16% spike in a single week. For context, the all-time record average was $5.016 per gallon, set on June 22, 2022.
Polymarket and Kalshi have emerged as the biggest players in the burgeoning prediction markets industry. The platforms have popularized betting on the outcomes of future events, from when the United States would invade Iran or Venezuela to whether Amazon cofounder Jeff Bezos would show up at this year's Super Bowl.
Yo brother, legal team confirmed that we can't work with minors rn. Kinda sad tbh. A Kalshi employee's message to a 15-year-old streamer illustrates the company's willingness to recruit underage users before legal concerns forced termination of the partnership.
Nobody should be making bets on if the United States is going to war, or what words President Trump is going to use in his speech. Those are fundamentally corrupt markets, because there are people on the inside who know the answer, and it perverts the decision-making process.
In September, Kalshi briefly signed up a 15-year-old videogame streamer who goes by vert1d online to promote its brand on X as an affiliate. Why didn't the partnership last? Well, someone from Kalshi's legal department apparently found out and was not happy.
The legislation, if passed, would also curtail other members of the executive branch from profiting on the platforms, or face fines of at least $10,000 for each violation. The bill also states that violators will have to pay back profits made in trades.
Betr, based in Miami, says the multi-year agreement will bring Polymarket's prediction market infrastructure into the app many customers already use for sports gaming. Once it launches, people will be able to speculate on the likelihood of future events spanning sports, politics, entertainment, and cultural topics without leaving the platform.
If a person dies, according to the new rule, all bets related to them will be paid out at the odds that existed just before they died or their death was 'reasonably anticipated by market participants.' The rule goes into effect March 17, according to the notice.
Polymarket courageously defended its choice to let its users bet on the bombings in an editorial note on the platform, stating that the "ability" to wager on events such as these "is particularly invaluable in gut-wrenching times."
At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.
