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Gambling and the Law®

I. Nelson Rose dissects Gambling and the Law®

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Why Congress and the Courts Should, But Won’t, Outlaw Futures Prediction Markets

Prepared for the National Council of Legislators from Gaming States, Summer 2026 Conference, San Diego, California © Copyright July 20, 2026, all rights reserved worldwide. Gambling and the Law® [ ]

I Discuss Futures Prediction Markets on WGN Radio’s Legal Face-Off

I recently joined WGN Radio’s Legal Face-Off to discuss futures prediction markets. My segment begins at 17:15. You can listen here:https://wgnradio.com/wgn-plus/legal-face-off/mangiones-defense-prediction-markets-transgender-military-members-and-much-more/

I’m Speaking at the 19th International Conference on Gambling & Risk Taking

I will be presenting my paper, Why Courts and Congress Should but Won t Outlaw Prediction Markets, at the 19th International Conference on Gambling Risk Taking at the Bellagio Hotel [ ]

New Study: Who Really Plays Online Casinos, and How Much They Bet

New academic paper from Mark Griffiths and Michael Auer shows for the first time who plays online casinos and how much they bet. Looking at 926,086 real money gamblers in [ ]

Why Kalshi Won’t Pay Winners

On March 23, 2026, Kalshi and Polymarket, by far the largest prediction markets, announced bans on insider trading; even though insider trading is already banned in their Terms and Conditions. [ ]

Danish Television Covers Nevada Lawsuit Against Prediction Market Kalshi

I was recently quoted in an article published by Danish television network TV 2 Danmark examining the lawsuit between the State of Nevada and prediction market platform Kalshi. The case [ ]

Did Insiders Bet on War with Iran?

Insider trading is illegal – in securities trading and regulated sports betting. But it is actually one of the advantages that futures markets have over more conventional predictors. If you [ ]

Sporttrade’s Struggles Highlight Challenges for Prediction Markets

The Capitol Forum recently published an article examining the difficulties Sporttrade has faced trying to operate an exchange-style sports prediction platform under existing state gambling laws. Sporttrade was created to [ ]

Kalshi Buys More Time

On February 19, 2026, Kalshi removed to federal court the lawsuit filed against it in state court by the state of Nevada. This prevents the state judge from issuing a [ ]

Major Developments in the Legal Fight over Prediction Markets

Today, February 17, 2026, saw the following: 1) The US Ninth Circuit Court of Appeals denied Kalshi s attempt to prevent the state of Nevada from suing the sports event prediction [ ]