TLDR Polymarket hit 45.3 million web visits in March, up 13% from its previous record of 40 million in November 2024 Kalshi reached 13 million web visits in March, nearly double its November 2024 numbers Polymarket monthly traffic is up nearly 400% year-over-year, while Kalshi is up about 320% Election Day 2024 still holds the record for the single highest-trafficked day on both platforms Iran war-related betting markets have driven growth but also sparked controversy over ethics March 2026 was the biggest month on record for online prediction markets Polymarket and Kalshi. Both platforms saw web traffic surpass their previous…
Author: Maisie Morrison
TLDR Polymarket is rolling out what it calls its “biggest change to date” with a rebuilt trading engine and upgraded smart contracts The platform is launching its own stablecoin called Polymarket USD to replace the bridged USDC.e token it currently uses Polymarket USD will be backed 1:1 by Circle’s USDC stablecoin All open orders on the platform will need to be cancelled during the transition, with traders getting a few days notice A native POLY token has been confirmed but has no launch date, with prediction markets putting odds of a May launch at just 11% Polymarket, the leading on-chain…
TLDR Alberta will launch its regulated iGaming and sports betting market on July 13, 2026, becoming the second Canadian province after Ontario to allow private operators Nearly 50 operators, including FanDuel, DraftKings, Caesars, and bet365, are seeking licenses to operate in the province Over 70% of online gambling in Alberta currently happens through unregulated offshore sites that pay no provincial taxes Operators in the current grey market must cease operations by July 13 or face losing their license permanently Online poker liquidity sharing beyond Alberta’s borders remains unresolved, pending a Supreme Court decision on an Ontario case Alberta is about…
TLDR Paysafe has launched Pay with Crypto, a new payment method for US iGaming operators and daily fantasy sports brands powered by MoonPay Players can fund accounts using stablecoins like USDC or other major cryptocurrencies, with deposits instantly converted to US dollars Around 70.4 million American adults own cryptocurrency and 83% of US players have expressed interest in crypto payments Operators can choose to settle transactions in stablecoins or fiat currencies through MoonPay’s infrastructure Paysafe’s North American iGaming business saw 50% processing revenue growth in 2025 Paysafe has rolled out a new crypto payment solution aimed at iGaming operators and…
TLDR Illegal offshore gambling sites failed basic identity checks, accepting fake names like “Red Rum” and even allowing a 6-year-old to register Brands like MyStake, Velobet, and Cosmobet are openly promoting themselves online despite operating without UK licenses Social media influencers and tipster accounts are funneling users toward unregulated offshore bookmakers Common payment methods like bank cards and digital wallets make it easy for users to shift from legal to illegal sites Illegal operators now account for roughly 9% of the UK gambling market, threatening government tax revenue plans The UK’s illegal gambling market is growing, and enforcement agencies are…
TLDR Entain plans to bid for 3 of 15 available online casino licenses in New Zealand, targeting about 50% market share New Zealand legalized iGaming in June 2025 and is expected to open its licensing process during 2026 Entain’s existing TAB betting platform gives it a unique cross-selling advantage between sports betting and online casino The company reported 8% net gaming revenue growth to $6.6 billion in 2025 despite recent job cuts in its local branch Entain has seen a 28% year-on-year performance increase in New Zealand through its current sports and racing betting operations Entain is setting its sights…
TLDR Australia’s Northern Territory introduced a bill to reform the NTRWC, the body that regulates 52 major online bookmakers with zero full-time staff Investigations revealed commissioners owned racehorses and accepted gifts from bookmakers they were supposed to regulate The new bill would strip the NTRWC of local racing duties and ban commissioners from holding betting accounts or owning racehorses The Alliance for Gambling Reform slammed the bill as a “kneejerk, reputational response” and demanded a fully funded independent regulator Major bookmakers like Sportsbet praised the bill and urged lawmakers to pass it as written Australia’s online betting regulator is at…
TLDR Washington state filed a motion to send its lawsuit against Kalshi back to state court, arguing the case is based entirely on state gambling law The state says Kalshi operates an illegal gambling platform under Washington law and is seeking penalties and injunctive relief Washington is following a strategy that already worked for Nevada, where a federal judge agreed to remand a similar case A Third Circuit ruling on April 6 sided with Kalshi against New Jersey, finding federal law may preempt state gambling rules Courts across the U.S. remain split on whether prediction market contracts are gambling products…
TLDR The CFTC asked for public input on prediction market rules and most comments so far have been critical U.S. Senators, lawyers, and academics argue prediction markets resemble gambling more than financial tools Retail comments surged from 19 to over 750 after early April, with strong anti-gambling sentiment Many submissions warn about manipulation, insider trading, and risks tied to political or military contracts A large portion of retail comments used identical wording, linked to advocacy group More Perfect Union The Commodity Futures Trading Commission is getting an earful from the public over its proposed prediction market rules. And most of…
TLDR The Premier League’s gambling shirt sponsorship ban could leave up to nine clubs without a main sponsor for the 2026/27 season Non-gambling replacement deals are coming in at roughly half the value of previous gambling contracts The collective revenue loss across clubs could reach £80 million next season Financial services firms like CMC Markets are emerging as potential replacements for gambling sponsors Top six clubs remain largely unaffected while mid-table and lower-tier teams face the biggest financial hit The Premier League is heading into next season with a growing financial problem. A ban on front-of-shirt gambling sponsorships is set…