Pentagon bars use of nonpublic information for military bets
A Defense Department directive bars covered personnel from using classified or unclassified nonpublic information in financial transactions tied to military outcomes.
Kalshi
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Illinois wagering-tax share rose 19.2% to $2.662 billion
Illinois’ state-designated share of wagering-tax revenue reached $2.662 billion in fiscal 2026, up $428 million from the prior year. A separate preliminary court ruling granted relief in part to plaintiffs challenging state controls on certain sports-event contracts.
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Ninth Circuit Keeps Kalshi Sports Trading Blocked in Nevada
A Ninth Circuit ruling keeps Kalshi sports trading blocked in Nevada as CFTC filings and league agreements raise new questions about market integrity.
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Connecticut sues Kalshi over sports contracts as court fight moves forward
Connecticut is seeking to block Kalshi from offering sports-related event contracts without a state gambling license as the legal dispute moves into federal court.