Sixth Circuit rules Kalshi sports contracts are not swaps; CEA does not preempt state gambling laws
The appellate ruling deepens a circuit split over whether event contracts fall under federal derivatives law or state gambling statutes, a question now central
The National Law Review · +14 outlets
Coinbase joins Kalshi and Robinhood in halting sports event contracts in Michigan
Coinbase's agreement with Michigan regulators to stop offering sports contracts by Saturday follows similar moves by rivals and signals growing state-level pres
Spectrum News · +11 outlets
Ohio orders 10 prediction market operators and brokers to halt sports contracts
Ohio's casino control commission sent cease-and-desist letters covering operators including Polymarket, Robinhood and Coinbase, adding a major state to the enfo
Casino.com · +13 outlets
Connecticut says prediction market platforms are leaving after cease-and-desist orders
Connecticut regulators reported platforms pulling out of the state, marking another jurisdiction where sports event contracts are being withdrawn under threat o
Casino.com · +14 outlets
Four more tribes partner with Kalshi to launch prediction market apps
The partnerships put tribal gaming entities on the side of the prediction market industry, undercutting the Native American opposition that has supported state
Kalshi News · +14 outlets
Kalshi launches first US stock index perpetual futures with no expiry
The product extends Kalshi beyond event contracts into leveraged equity derivatives, a strategic expansion that could invite fresh regulatory scrutiny.
CryptoRank · +14 outlets
Coinbase launches 15-minute and hourly crypto price prediction markets
The short-duration crypto contracts expand Coinbase's event-contract offering into high-frequency price speculation, competing directly with exchange-style trad
The Defiant · +14 outlets
Prediction markets could be formally defined as CFTC swaps soon
A federal definitional move would shift the regulatory question from state gambling law toward CFTC oversight, a key outcome for platform operators.
ATS.io · +14 outlets
Bank of America raises Robinhood stock target to $156 ahead of Q3 earnings
The target increase reflects analyst expectations that prediction market expansion is becoming a meaningful driver of Robinhood's growth narrative.
SSBCrack · +4 outlets
Will state regulators slow Robinhood's prediction market growth?
The analysis examines how the wave of state cease-and-desist orders and withdrawals could constrain the revenue contribution Robinhood has built from event cont
Yahoo Finance Singapore · +14 outlets
Prediction markets grew 21x in a year as Washington weighs setting the rules
The growth figure underscores why federal lawmakers and agencies are now considering an explicit regulatory framework for the sector.
CCN.com · +1 outlets
Prediction markets reach $53 billion a month as courts split on derivatives versus bets
The volume milestone highlights the stakes in the unresolved legal question of whether event contracts are federally regulated derivatives or state-governed wag
Forbes · +3 outlets
Kalshi wins Illinois court ruling as judge blocks prediction market rules
The Illinois decision is a favorable procedural outcome for Kalshi in a state that had moved to restrict sports event contracts.
iGaming.org · +14 outlets
FanDuel lands FCM license, but CME is not involved
The futures commission merchant license gives FanDuel a regulatory pathway into event contracts independent of the CME route other entrants had pursued.
Casino.org · +2 outlets
DraftKings stock analyzed as $800M prediction market pivot could open new growth engine
Analysts are framing DraftKings' prediction market investment as a potential second growth engine alongside its core sportsbook business.
TradingKey · +1 outlets
Polymarket rebuilds core smart contracts with Protocol V2, targets Nov. 2 switchover
The contract rewrite is a major infrastructure change for the largest on-chain prediction market ahead of a scheduled migration date.
unchainedcrypto.com · +2 outlets
Kalshi gold markets surpass ether in 15-minute volume
The volume comparison shows commodity-linked contracts drawing more short-term trading interest than a major crypto asset on the platform.
The Cryptonomist · +1 outlets
Kalshi makes an election push
Kalshi is expanding its election-related contract offerings as political markets draw renewed attention.
The Event Horizon