The ruling holds that Kalshi's event contracts are swaps under federal law rather than illegal sports bets, marking a key win for prediction markets in their fi

Ohio's crackdown escalates the state-versus-federal fight over sports event contracts, with the governor calling Kalshi's offering equivalent to illegal gamblin

The rulemaking would codify federal oversight of event contracts and could reshape the boundary between CFTC-regulated exchanges and state gambling laws.

The industry is funding litigation and lobbying against state-level crackdowns, reflecting how costly the legal battles have become for exchanges.

Divergent appellate outcomes increase the likelihood that the Supreme Court will have to settle the classification question.

International and North American gambling regulators want the high court to resolve the conflict between federal event contract rules and state gambling laws.

The reported raise would make Kalshi one of the most valuable private companies tied to the prediction market sector.

The approval extends Kalshi beyond event contracts into index-linked perpetual futures, broadening its federally regulated product set.

Investors are marking down sportsbook operators as prediction markets take share of NFL betting volume.

Nevada is pressing the Ninth Circuit to proceed with its dispute rather than wait for federal rule changes that could moot parts of the case.

Missouri's cease-and-desist demand adds another state to the enforcement wave, with Kalshi contesting the order.

The volume figures illustrate how quickly prediction market trading has scaled relative to traditional sportsbook handle.

The launch adds a new federally regulated venue to a market increasingly shaped by the swaps-versus-bets legal question.

The refund highlights scrutiny of campaign contributions from prediction market companies as their electoral markets gain prominence.

The race puts gambling expansion on the ballot agenda in a state that currently prohibits both.

The piece maps the unresolved legal questions following the Illinois and Sixth Circuit rulings.

The research adds to debate over consumer protection as prediction market trading volumes grow.