SiaPredict DailySeptember 30, 2026
Top line
A sprawling fight between dozens of states and the Trump-backed prediction market industry has reached the Supreme Court, while the CFTC reportedly readies action on prediction-market incentive and promotion programs. Elsewhere, small businesses have begun to use Kalshi's prediction markets as a form of insurance against risks they cannot otherwise control.
Today's top 3
- 1Industry
How a coming Supreme Court clash over prediction markets could reshape American betting
A sprawling fight between dozens of states and the Trump-backed prediction market industry has reached the Supreme Court, where a ruling would decide whether states or the federal government police platforms like Kalshi and Polymarket U.S. and could reshape the future of sports betting in America. The dispute crystallized when New Jersey asked the Supreme Court on Wednesday to take up the issue, less than a week after a Ninth Circuit ruling that Kalshi is not immune from Nevada's gambling laws directly conflicted with an earlier Third Circuit decision holding that New Jersey's laws do not apply to it, a split that legal experts say all but guarantees the justices will weigh in.
POLITICO - 2Industry
CFTC reportedly readies action on prediction-market incentive and promotion programs
Press reports (Front Office Sports) say the CFTC is sweeping prediction-market incentive and promotion programs and expects to announce an action by the end of the week, following the August 12 advisory (PR 9282-26).
Front Office Sports - 3Industry
Small businesses roll the dice on Kalshi to manage their risks
Small businesses are starting to use Kalshi's prediction markets as a form of insurance against risks they cannot otherwise control. Kalshi says more than 200 businesses used its platform to hedge last month, and it has partnered with the U.S. Hispanic Chamber of Commerce to pitch risk management tools to its more than 5 million small business members.
CBS News