The proposal would classify event contracts as swaps under CFTC jurisdiction, potentially putting Kalshi and Polymarket beyond state gambling laws while keeping

The ruling against Kalshi and Coinbase undercuts the industry argument that federal derivatives law preempts state gambling enforcement on sports contracts.

Ohio joins a growing list of states asserting gambling authority over Kalshi after the federal appeals court decision narrowed the swap definition.

Industry opposition at the Las Vegas trade show signals a coordinated push against federal preemption of prediction market sports contracts.

The two largest casino operators are staying out of event contracts, distancing their licensed gaming businesses from the legal fight over Kalshi and Polymarket

The approval expands leveraged crypto exposure for US investors, though launch timing remains pending.

Kalshi is expanding into election contracts even as state regulators and courts challenge its sports offerings.

The planned event contracts tied to corporate metrics mark an expansion of prediction market style products into equities, pending regulatory approval.

The departure at the National Council on Problem Gambling comes as the responsible-gambling organization takes a stance on sports event contracts.

The voluntary safeguards come as courts and the CFTC weigh whether prediction markets require consumer protections, with the Supreme Court potentially deciding

Nevada's gaming regulator has not authorized sports prediction markets, keeping the state closed to Kalshi and Polymarket.

The lawsuit adds to legal questions over how sportsbooks deploy AI-driven features, a topic regulators are increasingly tracking.

Tribal operators say unregulated event contracts could erode the revenue-sharing framework established for their newly launched sportsbooks.

Commentary and explainers frame the central legal question: whether event contracts are derivatives or unlicensed wagering.

Rhode Island is the latest state to confront whether federally regulated event contracts can operate alongside its state-licensed sportsbook.

Regulators in other states are watching New York's enforcement action against Polymarket for a template on gambling charges.

Mention markets, which pay out on whether a person or topic is referenced, are drawing CFTC attention as it writes new event contract rules.

A new tax analysis adds to the legal pressure on prediction markets by treating sports event contracts as wagers rather than derivatives.