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France's gambling regulator ordered ISPs to block Polymarket on July 16, 2026, after a November 2024 transaction freeze failed to deter 205,000 unique French visitors a month. The platform is fighting back legally as European regulatory pressure on prediction markets intensifies.
House Representatives Steven Horsford and Mark Amodei introduced the Prediction Markets Are Gambling Act on July 24, 2026, joining a Senate companion bill to ban sports and casino-style prediction contracts from federally regulated exchanges.
Netflix releases Instadocs: The Prediction Games today, putting the $27 billion prediction markets industry in front of a global mainstream audience at the exact moment state courts and Congress are moving to restrict its biggest players.
Prediction markets captured 27% of US legal sports-betting volume during the 2026 World Cup, with Kalshi topping $2 billion in daily trading and recording more app users than DraftKings or FanDuel, as Macquarie forecasts $1.5 trillion in sector volume by 2030.
Pennsylvania has introduced House Bill 2711, which would regulate prediction markets with consumer protections and insider trading rules but no tax on operator revenue, setting it apart from every other state that has moved to regulate the sector.
France's gambling regulator ANJ has ordered internet providers to block Polymarket nationwide, escalating from a 2024 funding ban after 578,751 French visits in a single month.
Congressman Josh Gottheimer's facial recognition age verification bill has Kalshi's support, but critics say it contains language that could widen the CFTC's approval of gaming style contracts.
Kalshi has agreed to roll out GeoComply's geofencing across Nevada by August 12, 2026, ending a contempt fight after regulators caught its own location-blocking tool failing repeatedly.
FIFA's integrity task force monitored all 104 World Cup 2026 matches and reported zero cases of betting related match fixing, but Council of Europe Secretary General Alain Berset says the tournament exposed serious integrity gaps around prediction markets and political interference.
The Wisconsin Elections Commission has warned that voters who trade election contracts on Kalshi or Polymarket, then cast a ballot in that same race, risk disqualification and a felony referral.
Spain has not licensed prediction betting, but legal experts say existing sports betting rules could already cover it, even as the DGOJ works to block Polymarket and Kalshi.
A King County judge has granted Washington a preliminary injunction against Kalshi, ruling the prediction market operator likely ran an illegal gambling operation and rejecting its federal preemption defense.