A fight between states and the federal government over who should regulate sports betting is heating up, as states accuse prediction markets like Kalshi of taking the exact same sports bets as gambling platforms without paying taxes or adhering to stricter controls.

Last Tuesday, Kalshi sued Illinois Attorney General Kwame Raoul, Governor J.B. Pritzker, and other officials after the state classified Kalshi and other prediction markets as unlicensed sports wagering operators.

It’s not the first legal battle between a prediction market and a state, but it is perhaps the most urgent for Kalshi, which is the biggest prediction market for sports bets. Across the board, prediction markets just had their biggest week ever, amid major sporting events like the NBA Finals, the World Cup, and the Stanley Cup. If the law stands, Kalshi would owe taxes no other state is charging and could face felony charges if violations are found.

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On July 1, it will be illegal in California for streaming platforms to play ads louder than the content being watched.

As The Hollywood Reporter highlighted this week, California Governor Gavin Newsom signed a bill (SB 576) in October 2025 that prohibits any video streaming service in the state from transmitting the “audio of commercial advertisements louder than the video content the advertisements accompany.”

The law brings some parity between streaming services and broadcast, cable, and satellite TV providers, which, under The Commercial Advertisement Loudness Mitigation (CALM) Act, can only play commercials at “the same average volume as the programs they accompany,” the FCC says.

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