A state-level lawsuit against a federally regulated exchange escalates the jurisdictional fight over whether event contracts are gambling or financial derivativ

The interim rule and proposal would put event contracts under federal swaps rules while leaving traditional sportsbook bets untouched, drawing pushback from sta

Kalshi's chief argues a patchwork of state gambling enforcement would drive US prediction market venues abroad rather than shut them down.

Kalshi is asking the full appeals court to rehear the case, citing the CFTC's new proposed swaps rule in its appeal.

Ohio's petition follows a similar NFL-backed filing, raising the odds the Supreme Court will settle who regulates sports event contracts.

Another large crypto firm seeks federal approval to enter the US event-contract market as the CFTC defines the rules.

The league's filing in the New Jersey case and its Supreme Court brief put professional sports behind states seeking to block event contracts.

The approval extends event-contract style products into corporate performance metrics, a new frontier for derivatives tied to company data.

Coinbase's retreat adds it to the list of platforms pulling products from states that assert gambling jurisdiction over event contracts.

The tally underscores how much money is now flowing through event contracts while their legal status remains unsettled.

Multiple operators have pulled or limited sports event contracts in states that threatened enforcement, shrinking the national footprint.

The authors of the Dodd-Frank Act weigh in as the justices consider whether federal swaps authority covers sports event contracts.

Legal analysis flags that event contracts now sit within federal insider trading scrutiny, a new compliance burden for venues.

The claim comes as the CFTC and DOJ signal they view event contracts as squarely within insider trading enforcement.

Nevada's gaming regulator says sports event contracts are scams and that the federal rulemaking does not resolve the states' authority.

Ohio's action against Robinhood's prediction market products threatens the brokerage's expansion in the sector.

The agency is tightening scrutiny of the scope of contracts exchanges list, adding another compliance pressure point.

The tribe asserts its Florida gaming exclusivity is violated by DraftKings' event-contract and daily fantasy offerings.