CFTC sends White House two proposed rules defining event contracts as swaps
The proposal would classify binary event contracts as swaps and assert exclusive federal jurisdiction, potentially preempting state gambling laws.
Yogonet · +14 outlets
Ohio Gov. DeWine says Kalshi sports contracts are illegal gambling and vows enforcement
Ohio's governor is pressing state authority over Kalshi after a federal appeals court allowed states to regulate its sports contracts.
rg.org · +3 outlets
Appeals court rules Ohio and Tennessee can regulate Kalshi under state gambling laws
The decision splits federal circuits on whether state gambling regulators can police Kalshi's sports event contracts.
Mashable · +14 outlets
CFTC opens probe into Adam Kinzinger's Kalshi bets on Biden pardons
The former congressman denies wrongdoing and calls the investigation politically motivated.
Crain's Chicago Business · +11 outlets
DraftKings and Flutter shares hit multiyear lows as Kalshi reportedly eyes $40B valuation
Investors are weighing prediction market competition against the economics of incumbent sportsbooks.
Yahoo Finance · +5 outlets
DOJ arrests soldier who made $400,000 betting on Maduro's removal
Prosecutors say the service member traded on nonpublic information about Venezuela policy.
Reuters · +7 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The self-betting suspensions highlight integrity questions as Kalshi expands into election markets.
PBS · +13 outlets
UK urged to act as Polymarket takes bets on whether HSBC and Lloyds will fail
Lawmakers and regulators face pressure over markets on UK bank viability.
The Guardian · +1 outlets
Justice Department says binary event contracts are swaps
The DOJ position backs the CFTC's jurisdictional claim over prediction market contracts.
Casino.org · +9 outlets
MGM and Caesars chiefs say they will stay out of prediction markets over licensing risk
The casino operators cite regulatory uncertainty in declining to enter the event contract business.
Northeast Times · +12 outlets
Cboe and Robinhood plan KPI contracts on 23 stocks as prediction markets move toward earnings
The product would extend event contract trading from sports and politics into corporate earnings metrics.
FinanceFeeds · +9 outlets
Illinois restrictions on Kalshi sports prediction contracts halted by federal court
The ruling is part of a widening circuit court split over state authority over event contracts.
bloomingbit · +14 outlets
Fanatics prepares to challenge DraftKings, FanDuel and Kalshi in 2027
The merchandise and sports platform is planning an event contract offering to compete with incumbents.
Complex · +1 outlets
Ex-Vanguard Canada CEO bids for regulatory approval to launch prediction market dealer
The venture would be Canada's first investment dealer focused solely on prediction markets.
The Globe and Mail · +3 outlets
Kalshi controls 89% of US prediction market share as legal battles mount
The venue's dominance is drawing scrutiny even as states challenge its sports contracts.
CoinMarketCap · +4 outlets
Kalshi is lobbying states to fend off prediction market regulation
The exchange is expanding election markets while fighting state-level restrictions.
truthout.org · +14 outlets
Prediction market volume hits $21.7B as UEFA Nations League surges and NFL leads trading
Cross-platform data shows sports driving most event contract activity.
Crypto.com · +1 outlets
Fed hike odds fall to 16% on prediction markets after soft jobs report
Traders repriced rate expectations following weaker than expected employment data.
Benzinga · +1 outlets