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Prediction market platforms continue to battle state regulators over prediction contracts tied to the outcome of sporting events. A recent 6th Circuit appeal by KalshiEX LLC reflects this trend and implicates important issues involving not just the betting industry and sports prediction markets but also broader regulatory questions for prediction market platforms.

Background

Kalshi offers…

Two recent regulatory notices spotlight often overlooked “brokering” obligations for international defense contractors. For companies involved in any aspect of the international defense trade, these notices serve as a useful reminder of companies’ obligations and the need for effective policies to prevent violations.

The Notices

On April 14, 2026, the State Department’s Directorate of Defense…