Department of Justice News & Prediction Market Coverage
Track the latest Department of Justice news across prediction markets. PredictionNews is following 15 active Department of Justice stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
Kalshi refers George Santos to DOJ and CFTC over bets on own State of the Union attendance
LegalGoogle engineer Spagnuolo charged in $1.2M Polymarket insider-trading scheme
LegalDOJ and CFTC charge Van Dyke in first prediction-market insider trading case
LegalKalshi sues Minnesota to block nation's first felony prediction market ban
LegalDOJ and CFTC file first-ever prediction markets insider trading charge
LegalDOJ charges Google engineer with $1.2M Polymarket insider trade using search data
LegalCFTC and DOJ intervene in Rhode Island lawsuit to defend Kalshi and Polymarket
LegalWisconsin sues Kalshi, Polymarket, Coinbase, and others over alleged illegal sports betting
LegalSidley Austin analyzes first insider trading case on Polymarket event contracts
LegalRhode Island and Kalshi file dueling lawsuits over sports event contracts
LegalAGA CEO Miller calls federal prediction market regulator 'a joke,' vows industry fightback
DataNYT investigation flags insider-trading patterns across Polymarket's war, crypto markets
LegalDOJ and CFTC file first prediction-market insider-trading case over Maduro contracts
LegalDOJ: U.S. soldier scored $400K-plus on Polymarket using classified intel
LegalDOJ and CFTC charge Army soldier in first-ever prediction market insider trading cases
Frequently Asked Questions
Where can I find the latest Department of Justice news?
Right here. PredictionNews tracks 15 active Department of Justice stories, each clustered from original reporting and summarized for prediction-market operators, traders, and regulators, and refreshed throughout the day.
Are prediction markets legal in the US?
Federally, yes. Platforms like Kalshi and Polymarket US operate as CFTC-regulated event-contract exchanges, which is why they're available even in states where sports betting is banned. Legality is contested at the state level, especially for sports contracts, the regulatory fight PredictionNews tracks daily.
Are prediction markets the same as gambling?
Legally, no. They're overseen by the CFTC as financial event contracts, not by state gambling regulators, and you trade "Yes"/"No" shares priced between $0 and $1 rather than betting against a bookmaker's odds. That distinction is at the heart of the current regulatory debate.
How do prediction markets work?
You buy shares in a "Yes" or "No" outcome priced between $0 and $1. The price reflects the market's implied probability of the event. Correct predictions settle at $1 per share, incorrect ones at $0. They function like an exchange, not a sportsbook.