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.
Prediction Markets
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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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CFTC-NHL integrity pact faces test as hockey contracts expand
New NHL-linked event contracts are appearing on CFTC-regulated markets as a federal-state legal fight tests what the league’s integrity pact can protect.
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Connecticut Orders Nine Prediction Markets to Stop Sports Wagers
Connecticut ordered nine prediction-market platforms to stop sports wagers, while subpoenas and a Kalshi lawsuit deepen the fight over consumer safeguards.
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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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What Minneapolis Residents Should Know About Minnesota Laws That Took Effect Aug. 1
Minnesota’s Aug. 1 laws prohibit virtual-currency kiosks, raise the kratom age to 21 and temporarily block enforcement of prediction-market restrictions.
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Federal Judge Puts Minnesota Prediction-Market Ban on Hold
A federal judge issued a preliminary injunction July 27 blocking Minnesota from enforcing specified prediction-market restrictions before their August 1 effective date, allowing Kalshi and Polymarket to operate in the state for now.