NFL urges Supreme Court to let states, not CFTC, regulate sports prediction markets
The league filed an amicus brief arguing sports event contracts are gambling under state law rather than CFTC-regulated swaps, joining 40 states backing New Jer
CoinMarketCap · +15 outlets
Blockchain.com files CFTC application to offer prediction markets and crypto derivatives in US
The crypto exchange is seeking exchange licenses to expand into event contracts and derivatives, joining a wave of firms pursuing US prediction market approval.
KuCoin · +14 outlets
Coinbase agrees to halt sports event contracts in Michigan by Oct. 10
The state reached an agreement with Coinbase to stop sports-related event contracts, and Coinbase is separately appealing a Connecticut ruling on similar contra
The Sports Geek · +14 outlets
Kalshi leads prediction markets' $3 million campaign to fight state regulations
The prediction market operator is funding a lobbying push as state gaming regulators and tribal associations challenge its event contracts.
Chicago Tribune · +9 outlets
NBA commissioner says league wants access to prediction market data to detect manipulation
Adam Silver said the NBA needs surveillance data from prediction markets to monitor integrity, signaling the league's stance as sports event contracts face lega
CNBC · +5 outlets
Google security engineer charged with insider trading to make $1M on Polymarket
Federal prosecutors allege the engineer used nonpublic information to profit on the prediction market, an early criminal test of event-contract insider trading.
CNBC · +11 outlets
Kalshi partners four more tribal nations to power prediction markets
The deals expand Kalshi's tribal partnerships even as some Oklahoma tribal gaming associations argue prediction markets undermine their compacts.
Gaming Intelligence · +14 outlets
CFTC proposes explicit swap status for event contracts
The agency's proposal to classify event contracts as swaps would keep sports markets under federal oversight, drawing concern from prediction market operators.
The Defiant · +14 outlets
Prediction markets face first major election test with upcoming midterms
Election betting is booming ahead of the midterms as courts weigh whether states can restrict event contracts on political outcomes.
Baltimore Sun · +8 outlets
Head of gambling addiction nonprofit resigns over $2 million donation from Kalshi
The resignation throws the prominent advocacy group into disarray amid scrutiny of the prediction market's ties to anti-gambling organizations.
Fortune · +4 outlets
NFL brief splits with other leagues on prediction markets, taking on Trump-era CFTC stance
Politico reports the NFL's push for state control breaks with other sports leagues and sets up a conflict over federal versus state authority.
Fortune · +6 outlets
Kalshi suspends 3 congressional candidates for betting on their own races
The prediction market enforced its rules against candidates wagering on their own contests, an early compliance test ahead of the midterms.
The New York Times · +13 outlets
Former Rep. George Santos under investigation for alleged insider trading on Kalshi
Sources say federal investigators are examining whether the former congressman traded on nonpublic information, adding to scrutiny of event-contract compliance.
NPR · +13 outlets
Ohio ramps up crackdown on prediction market sports betting
State officials are widening enforcement against sports-related event contracts, joining other states challenging prediction market operators.
Cleveland.com · +6 outlets
Dodd-Frank Act is focus of latest amici in NJ-Kalshi Supreme Court case
Legal filings center on how the Dodd-Frank swaps definition applies to event contracts, a core question in New Jersey's petition against Kalshi.
Law360 · +1 outlets
Coinbase halts Michigan sports event contracts as state crackdown widens
The exchange's Michigan exit follows similar state actions against sports event contracts, with the halt set for Oct. 10.
PlayUSA · +1 outlets
Senator who warned about sports event contracts now lobbies for Kalshi
Former Sen. Blanche Lincoln, who once cautioned against event contracts, is now registered to lobby for the prediction market operator.
Crypto Briefing
Pennsylvania AG Dave Sunday urges Supreme Court to weigh in on prediction market gambling laws
The state attorney general joined a multistate push asking the high court to clarify whether event contracts fall under state gambling law.
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