The appeals court held that Kalshi's sports event contracts fall outside the CFTC's swap definition, handing states regulatory authority and deepening a federal

The reported round would roughly double Kalshi's valuation even as it absorbs a major appellate loss on state gambling oversight.

Regulators including the SEC and CFTC are scrutinizing event contracts tied to equity prices as platforms expand beyond sports and politics.

Federal agencies are said to be weighing action against promotional practices by prediction market platforms.

The federal agency's litigation against state regulators sets up a preemption battle over prediction market oversight.

The dispute centers on whether state gaming authorities or federal regulators have jurisdiction over Polymarket's offerings.

Polymarket is adding senior financial talent from Wall Street as regulators increase oversight of the sector.

Gaming industry stakeholders used the G2E conference to push back on prediction market operators encroaching on sports betting.

The CFTC chair signaled extended litigation over jurisdiction as state and federal authorities press competing claims.

Ohio's governor said the state will enforce its gambling laws against Kalshi following the Sixth Circuit decision.

Arizona is seeking to revive litigation over Kalshi's sports contracts, adding to the patchwork of state challenges.

The National Council on Problem Gambling is divided on whether prediction market platforms should be members.

Tax scholars are pressing the IRS to resolve uncertainty over how prediction market winnings should be reported.

CBS Sports compiled where the two largest prediction market platforms may legally operate following recent court rulings.

The UK betting exchange operator plans a US launch with a new brand, adding competition in the prediction market sector.

The justices' docket includes a gambling-related case among other high-profile disputes on the term's calendar.

Gaming executives discussed coordination among operators and regulators on integrity and compliance issues.

The commentary piece examines the expanding jurisdictional battle between federal regulators and states over prediction markets.