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Predictive Analytics

A football on the steps of the Supreme Court | Illustration: Sean Pavone/Les Cunliffe/Mtsaride/Dreamstime/Fatima Ruiz.

Gambling

The NFL Chooses States, Not the CFTC, in Fight Over Prediction Market Regulation

The league's amicus brief warns about game integrity and underage betting, but the NFL has a financial stake in keeping prediction markets under state control.

Tosin Akintola | 10.8.2026 5:45 PM

A slot machine with the Kalshi logo on it | Illustration: Fatima Ruiz/Midjourney.

Ninth Circuit

Kalshi Says It's a Prediction Market. The 9th Circuit Says It's Gambling.

Prediction markets can no longer offer sports event contracts in Nevada after the appellate court's decision, giving other states a roadmap for regulating the platforms.

Tosin Akintola | 9.1.2026 2:04 PM

An illustration of Kathy Hochul alongside the Kalshi logo | Bianca Otero/ZUMAPRESS/Newscom/Timon Schneider

New York

New York Wants a $36 Billion Cut From Kalshi, Calling It an 'Illegal Gambling Operation'

Casting Kalshi as an out-of-control gambling platform makes it easier for the state to take money from the company and its users.

Tosin Akintola | 7.31.2026 3:40 PM

Polymarket logo | Adani Illustration: Samat/Instagram/Tiktok

Free Markets

Polymarket's Alleged Fake Trades Don't Justify a Crackdown on Prediction Markets

A Wall Street Journal investigation uncovered $1.9 million in fake bets to market the platform. Punishing the prediction market industry isn't the answer.

Tosin Akintola | 6.23.2026 1:16 PM

Large image for longform feature pages. | Joanna Andreasson

Bureaucracy

Can Big Data Help Save Abused Kids?

The quest to fix our messy, meddlesome foster care bureaucracies

Naomi Schaefer Riley | 1.22.2018 8:10 AM

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