The league’s authorized sports betting partners were told to restrict parlay wagers and ‘first of’ markets on October 16, such as the winner of the opening tip and players to miss specific shots.
US Defense Secretary Pete Hegseth has strictly forbidden troops from using classified and unclassified information to place bets on the platforms.
Financial event contracts are scheduled for UK professional clients in Q4 2026, with a wider trading proposition already live across investing and crypto.
Following an invitation-only beta, the company launched Rolr, a real-money prediction market available in the US.
The state requested that Kalshi be prohibited from offering event contract trading to residents and pay back the revenue made through its prediction market platform in Utah.
The US football league recently argued prediction markets function in a similar fashion to traditional sports betting, despite unveiling partnerships with multiple operators who offer such trading.
Derek Brown is expected to outline legal measures as Utah continues enforcing its gambling ban.
The operator has cited UK gaming tax rises as a key driver behind the decision, with employees across Europe set to be affected.
The MFSA stresses that classifying event contracts requires assessing both the operator’s activities and each contract's features.
The operators have filed federal lawsuits seeking to block Missouri from applying its sports wagering laws to their prediction market contracts.