The agency's proposal would classify event contracts as swaps to cement federal jurisdiction, escalating its clash with states that treat prediction markets as

The round would roughly double Kalshi's valuation and marks growing investor appetite for prediction market platforms.

The probe centers on whether Kinzinger traded contracts on his own potential pardon, raising insider trading questions for event markets.

The sportsbook-style safeguards come as regulators and lawmakers press for tighter oversight of prediction markets.

The ruling backs state authority over event contracts, and Ohio's governor has vowed to hold Kalshi accountable for operating illegally.

The partnership would make Robinhood the first broker to offer Cboe's corporate-metric prediction contracts to retail traders.

Rep. James Comer's widening investigation examines insider trading on event platforms and now includes crypto firm Hyperliquid.

Investors are weighing prediction market competition against traditional sportsbooks' long-term profitability outlook.

The suspensions highlight enforcement challenges as prediction markets police insider-style trading on political events.

The move extends round-the-clock retail access as brokers compete on trading availability.

The lobbying push comes as states and the federal government battle over who governs prediction market contracts.

Sportsbook operators and regulators are escalating a campaign against event contracts, with the Trump administration also weighing a crackdown on prediction mar

Casino operators say entering event contracts could jeopardize their state gaming licenses, as industry CEOs debate the threat at G2E.

The change follows scrutiny of promotional incentives that critics say blur the line between trading and gambling.

Trading volumes on certain Kalshi products are drawing questions as the platform's activity surges.

Tribal nations and state lawmakers say unregulated event contracts undercut tribal gaming operations and sovereignty.

Event market odds point to Democratic control of both chambers heading into the 2026 midterms.

The short-duration crypto contracts mark Polymarket's push into high-frequency event trading in the US.