Sixth Circuit rules states can regulate Kalshi's sports event contracts, a major legal setback for prediction markets
The appeals court rejected Kalshi's preemption argument, letting Ohio and Tennessee enforce their sports betting laws against the exchange and raising questions
CNBC · +14 outlets
New York sues Polymarket over alleged illegal gambling; Polymarket sues back hours later
The simultaneous suits escalate the fight over whether sports, election and culture event contracts are gambling or federally regulated trading.
unchainedcrypto.com · +14 outlets
CFTC warns prediction market exchanges over manipulation risks in 'mention' contracts
The guidance signals tougher review of contracts tied to whether a person or phrase is mentioned, a fast-growing category on Kalshi and Polymarket.
CryptoRank · +14 outlets
All 11 Senate Banking Democrats ask Tim Scott for a public hearing on prediction markets
Democrats pushed for open oversight after Republicans met privately with Kalshi's CEO, arguing the contracts should fall under SEC or CFTC regulation.
unchainedcrypto.com · +14 outlets
Robinhood says prediction market revenue reached $156M as the business line scales
The event contracts business has become one of Robinhood's fastest-growing revenue sources, tying its outlook to the Kalshi legal fight.
ReadWrite · +9 outlets
Public links Kalshi prediction markets to its AI trading agents
The brokerage is letting AI agents place prediction market trades through Kalshi, an early test of agentic execution beyond equities and crypto.
TradingView · +4 outlets
Underdog adds external trade surveillance to its CFTC-regulated prediction market exchange
The sportsbook-turned-exchange tapped Eventus for monitoring as it builds out federally regulated event contract trading.
Finance Magnates · +9 outlets
Kalshi blocks prediction markets on California tribal lands
The exchange is geofencing sovereign tribal territory in California amid ongoing disputes over state and tribal gambling jurisdiction.
Casino.com · +14 outlets
Chris Christie urges a crackdown on prediction markets
The former New Jersey governor added a prominent political voice to calls for tighter federal and state oversight of event contracts.
bettingnews.com · +5 outlets
CBS Sports publishes state-by-state status of Kalshi and Polymarket legality
The survey maps where sports prediction markets operate and where they face restrictions after recent court and regulatory actions.
CBS Sports · +14 outlets
Lawfare argues the CFTC is limiting its own authority over prediction markets
The analysis questions whether the agency's posture leaves event contract oversight to states and courts instead of federal rules.
Lawfare · +3 outlets
CoinMarketCap examines whether prediction markets are gambling or trading
The piece frames the core legal question regulators and platforms are fighting over in multiple state and federal venues.
CoinMarketCap · +2 outlets
Optimove partners with Plaee to bring prediction markets to its global operator network
The tie-up would distribute prediction market products through Optimove's existing iGaming and sportsbook operator clients.
The Manila Times · +12 outlets
Crypto exchange OG.com seeks CFTC approval for single stock perpetual futures
A crypto venue is asking the US derivatives regulator to clear perpetual contracts tied to individual equities.
LCX Exchange · +13 outlets
Robinhood insider sells shares worth $30.18M, per SEC filing
The disclosure shows continued insider selling at the brokerage as its shares trade near post-2021 highs.
marketscreener.com · +1 outlets
Cathie Wood reverses course on Robinhood
The change in position by Ark Invest draws attention to how the firm's funds are weighting brokerage and crypto-linked equities.
Financial-News.co.uk · +3 outlets
TradingView marks Robinhood's five-year anniversary with a diversification outlook
The retrospective tracks Robinhood's expansion from equities into crypto, retirement accounts and prediction markets.
TradingView
Sports betting's three-way legal battle leaves crypto maneuvering between the lines
The analysis examines how crypto venues are positioning as states, tribes and federal regulators fight over event contracts.
thecoinrepublic.com · +1 outlets