CFTC sues Utah to block state enforcement of gambling laws against prediction markets
The federal lawsuit argues CFTC-regulated event contracts like Kalshi's are preempted from state gambling bans, opening a new front in the state-federal jurisdi
The Hill · +15 outlets
Utah charges Kalshi and its co-founders with felonies over sports event contracts
Utah's attorney general filed criminal charges against the exchange and two co-founders for allegedly offering illegal sports gambling, a rare criminal escalati
Deseret News · +9 outlets
Polymarket US agrees to halt sports event contracts in Michigan
Polymarket pulled its sports event contracts from Michigan, a reminder that state gaming regulators retain leverage over prediction market operators even as the
CDC Gaming · +14 outlets
NBA partners with Kalshi and Polymarket under a CFTC data-sharing framework
The league named the two prediction market platforms as partners and struck an integrity framework with the CFTC, signaling growing institutional acceptance of
Analytics Insight · +14 outlets
Kalshi sues Louisiana over sports event contract laws
Kalshi went on the offensive against a state sports event contract ban, mirroring the preemption arguments the CFTC is making against Utah.
Focus Gaming News · +14 outlets
New York gaming regulator asks court to compel Kalshi to turn over records
New York joined the fray by seeking a court order for Kalshi's records, adding to the state-level pressure on prediction market operators.
Yogonet · +14 outlets
Robinhood stock drops over 6% as Q3 earnings spotlight prediction market exposure
Robinhood's slide and its earnings commentary highlight how event contracts have become a meaningful and scrutinized revenue line for retail brokers.
The Event Horizon · +3 outlets
CFTC reopens review of Polymarket's compliance with US user blockade settlement
Regulators are revisiting whether Polymarket honored the terms that barred US users, a compliance question that could shape its US market re-entry.
bloomingbit · +6 outlets
Democratic midterm win could put prediction markets and the CFTC in the hot seat
Analysts see control of Congress as a swing factor for how aggressively federal regulators supervise event contracts and the exchanges offering them.
CNBC · +14 outlets
Prediction markets could cost tribes and states billions in gaming income, study says
The analysis frames the regulatory fight as an economic conflict between federally regulated event contracts and state and tribal gaming revenue.
ICT News · +14 outlets
CFTC's prediction market litigation now touches about 10 states
Reporting counts the expanding set of states facing suits tied to prediction market enforcement, underscoring the breadth of the federal-state conflict.
FinanceFeeds · +14 outlets
Rothera receives CFTC approval for first KPI swap
The approval marks a new type of CFTC-regulated swap tied to key performance indicators, expanding the derivatives products the agency has greenlit.
Yahoo Finance · +8 outlets
Kalshi CEO maintains prediction markets are not gambling
Kalshi's chief continues to press the argument that event contracts are financial instruments rather than wagers, the core of its legal defense against state ga
The Guardian · +12 outlets
Phantom wallet adds Kalshi markets two days after CFTC sued Utah
A crypto wallet integrating Kalshi markets shows how prediction contracts are being distributed beyond traditional brokerage apps during the regulatory standoff
FinanceFeeds · +14 outlets
Event contracts on election outcomes draw scrutiny as a huge gamble
A consumer advocacy group argues election outcome contracts amplify risk and confusion, adding a public interest voice to the policy debate.
Better Markets · +14 outlets
Commentary argues election markets offer probabilities, not predictions
The piece blames Kalshi and Polymarket for partially fueling public misunderstanding of what election market prices actually represent.
The Event Horizon · +14 outlets