New York state alleges Kalshi operates an illegal gambling operation, seeking billions in penalties, while a court rejected the CFTC's bid to halt the state cas

A federal judge denied Kalshi's request for a preliminary injunction, allowing Utah to enforce its anti-gambling laws against the prediction market's sports eve

A bipartisan group of senators presses the CFTC to block prediction markets on wildfires, warning they could incentivize arson amid record Oregon burns.

Novig debuted a federally regulated sports-event contracts market across most of the U.S. and immediately filed a federal suit against New York over state-level

At a Senate Indian Affairs roundtable, tribal gaming regulators urged Congress to add prediction market provisions to the Clarity Act, citing revenue and sovere

Kalshi separately asks courts to block Iowa's gambling law enforcement and files appeal in the Utah case, advancing alternative legal arguments under the Commod

Polymarket partners with Genius Sports for official sports data and live streaming, with reports of a $20 billion valuation for the prediction market platform.

Former U.S. Representative George Santos paid a $35,000 fine and accepted a trading ban to settle CFTC charges that he unlawfully traded on a Kalshi market abou

Kalshi retained compliance firm Comply to monitor employee trading as it faces a $36 billion lawsuit from New York and ongoing regulatory scrutiny.

Lawmakers push amendments to the Clarity Act to clarify which regulator oversees prediction markets as the industry grows.

Kalshi's CEO argued the company's event contracts are akin to financial exchange products like Nasdaq listings, not gambling, in response to New York's $36 bill

Casino operators in Atlantic City formally petitioned the CFTC to ban prediction markets, arguing they constitute unlicensed gambling that undercuts regulated g

Kalshi's legal team advances an alternative reading of the Commodity Exchange Act, arguing sports event contracts do not have to be classified as swaps to be le

The CFTC published its spring 2026 regulatory agenda, signaling upcoming rulemaking that could affect prediction markets.

A South Carolina lawsuit targets both DraftKings and Polymarket over prediction market operations in the state.

A prediction market on NBA star Stephen Curry's next team surpassed $4 million in traded volume on Kalshi as the platform's sports contracts grow.

State Senator John Marty called on the National Council on Problem Gambling to sever ties with Kalshi over prediction market concerns.

ProphetX teams with EPICK Fantasy Sports to launch a peer-to-peer fantasy sports product under CFTC regulation.