Is a “prediction market” a gambling platform or an investment vehicle? That’s the question dividing state regulators from the Trump Administration, which is lining up its forces behind the prediction markets, arguing that they serve a useful function, allowing Americans to “hedge commercial risk” and serve as “an important check on our news media.”

At least 20 federal suits filed against companies like Kalshi and Polymarket as lawmakers call it ‘loophole’ for gambling

While the state's strict ban on gambling hasn’t changed, fast-growing daily fantasy sports and prediction market apps are giving Texans new ways to wager without leaving home.

Three West Coast tribes won federal approval in the Biden administration's final weeks to build controversial casinos miles away from their reservations. Tribal leaders from opposing nations are wondering: Will the incoming Trump administration shut them down when he takes office?

When Dino Beltran scans a 68-acre vineyard in the heart of Sonoma County, he sees land where his ancestors traded goods with other tribes, long before tourists flocked to the storied California wine region.

For decades a small, landless tribe in Northern California has been on a mission to get land, open a casino and tap into the gaming market enjoyed by so many other tribes that earn millions of dollars annually. The Koi Nation’s chances of owning a Las Vegas-style casino seemed impossible until a federal court ruling in 2019 cleared the way for the tiny tribe to find a financial partner to buy land and place it into a trust to make it eligible for a casino.