Today in prediction market news, we’re tracking the biggest developments across the industry in real time, from fresh lawsuits and insider trading allegations to regulatory battles, market-moving legislation, and other major stories shaping prediction markets, sports event trading, and regulated forecasting platforms. Follow our live blog throughout the day for breaking updates, market reactions, and analysis from across the prediction markets, crypto, and iGaming sectors.
Kalshi expands into Canada through Wealthsimple
“Prediction markets are the fastest-growing segment of global financial markets, letting traders turn an opinion into a position on the factors that shape our world – where inflation is headed, what happens to rates, or how the year unfolds. Until now, Canadians have had limited access,” said Brett Huneycutt, co-founder and Chief Product Officer, Wealthsimple. “Wealthsimple Predict gives Canadians a clean, well-designed way to access these markets, with education and guardrails built in from day one.”
“Kalshi was founded on a simple belief: views on the future should have markets, and those markets should be available to everyone,” said Alex Cuoci, Kalshi. “That's why we're partnering with Wealthsimple, Canada's leading financial innovator - to give everyday investors in Canada access to fair, secure, and regulated prediction markets.”
ProphetX goes live nationwide
"At one of the most exciting moments in the sports calendar, ProphetX is now available nationwide for more American sports fans to trade on our faster, transparent, and fully regulated exchange where the market sets the price — not the house," said ProphetX CEO and co-founder Dean Sisun. "ProphetX puts customers first, delivering deeply liquid, competitively priced markets and the best user experience in the sports prediction market space."
European regulators target unlicensed prediction markets
Europe’s gambling regulators are closing ranks on prediction markets. Authorities across nine countries issued a joint statement warning about unlicensed operators during the 2026 FIFA World Cup, citing consumer protection, integrity, and compliance concerns. The message is clear: prediction markets that resemble gambling products will face growing scrutiny across Europe.
They state: "By allowing users to place bets on the outcome of political, sporting or geopolitical events, prediction markets have several addictive features, which are worsened by the fact that, in those countries where these platforms are not licensed, they don’t offer any safeguards: platforms are open 24 hours a day, there are no built-in betting limits apart from the amounts staked, no time limits, light identity checks to verify that users are of legal age, etc. The combination of visibility, accessibility and the viral nature inherent to this type of platform creates a significant addictive cycle.”
Robinhood hit with new California class-action lawsuit
NEW: Another class-action lawsuit filed in California alleges Robinhood’s sports event contracts amount to illegal gambling and mislead consumers @RWW pic.twitter.com/xWb6PogEhQ
— Suswati Basu (@suswatibasu) June 17, 2026
Robinhood suffers similar court setback
Robinhood's motion for preliminary injunction was also denied by Michigan federal judge Paul Maloney, who earlier today denied Polymarket's PI motion. The two opinions are virtually identical. The same judge will also be deciding Michigan's motion to remand vs. Kalshi. pic.twitter.com/BqKqVAEbLj
— Daniel Wallach (@WALLACHLEGAL) June 18, 2026
New York cites Polymarket loss in Kalshi fight
New York is adding fresh ammunition to its case against Kalshi. State attorneys have filed a recent Michigan federal court decision that denied Polymarket’s request for a preliminary injunction, arguing the ruling supports New York’s position.
CFTC challenges Illinois prediction market fee
CFTC amends lawsuit vs. Illinois to challenge new state law requiring prediction markets to pay a transaction fee to Illinois ranging from 1.75% to 3.5% of the value of each sports-event contract, and files a motion for preliminary injunction to block implementation of new law. pic.twitter.com/8CrjiqqgNg
— Daniel Wallach (@WALLACHLEGAL) June 18, 2026
Betr COO turns Kalshi into a slot machine
Complaint alleges market manipulation on Kalshi
🚨 Hoosier Breaking News: Kalshi Investigating Sen. Jim Banks and Indiana House Rep. Andrew Ireland for Alleged Insider Trading on Secretary of State Race
— Hoosier Enquirer (@HoosierEnquirer) June 17, 2026
Kalshi has confirmed to the Hoosier Enquirer that it is investigating U.S. Senator Jim Banks and Indiana State… pic.twitter.com/oY1dCE14de
CME prepares CFTC lawsuit over perpetual futures
#NEW @CMEGroup to sue CFTC over the approval of perpetual futures as soon as tomorrow.
— CNBC's Fast Money (@CNBCFastMoney) June 17, 2026
Outgoing CEO Terry Duffy speaks to Fast Money exclusively on the lawsuit and his decision to retire. https://t.co/g6Kjz4c5bC
