The NFL and the attorneys general of 39 states and the District of Columbia have filed briefs urging the US Supreme Court to hear New Jersey's petition against Kalshi, and with it the question of whether a prediction market is gambling. For prediction markets in Europe that question has already been answered, by national regulators acting on their own authority, and no ruling in Washington will reverse the answer.
Prediction markets in Italy are back at the top of the gaming law agenda, after the Agenzia delle Dogane e dei Monopoli (ADM) ordered a fresh wave of blackouts against unlicensed online gambling and put Polymarket.com back on the list. For a vertical that generated record trading volumes worldwide only a few months ago, the message from the Italian regulator could hardly be clearer: without an Italian remote gaming license (i.e. a so-called concession), the door stays shut.
