Utah prosecutors allege Kalshi and two co-founders violated state gambling law, escalating the fight over whether event contracts are federally regulated deriva

The federal regulator's suit argues event contracts fall under CFTC authority and seeks to halt Utah's action, setting up a preemption test for prediction marke

Polymarket US reached a deal with the Michigan Gaming Control Board to stop offering sports contracts, a state-level concession by a major prediction market.

Kalshi's suit challenges Missouri's attempt to block its sports event contracts, part of a widening set of state-by-state legal fights.

The two platforms argue Louisiana's gambling rules cannot override federal derivatives regulation of their event contracts.

The relief reduces compliance burdens for event contract venues, reinforcing the CFTC's position that it, not states, regulates the sector.

The exits show Utah's criminal case is already reshaping which operators will offer sports event contracts in the state.

The warning signals heightened scrutiny of trading on nonpublic information as event contract volumes grow.

Presidential support for the CFTC's jurisdiction strengthens the federal government's hand in its preemption fight with states.

The league's action reflects sports bodies' wariness of player ties to prediction markets, which they distinguish from licensed betting.

League posture toward event contracts could shape how teams, players and sponsors engage with the sector.

The proposal targets political event contracts, a category states have increasingly moved to restrict.

Regulators used the industry event to outline their supervisory approach to event contracts.

The agency flagged artificial intelligence as an emerging supervisory focus for derivatives markets.

The absence of applicants suggests offshore venues have yet to seek Australian licensing for event contracts.

The allegation raises questions about disclosure practices in prediction market marketing.

The data suggests event contracts have not yet cannibalized traditional sportsbook handle in New York.

The state's action highlights integrity and conduct enforcement in regulated sports betting.