PRDCT Regulation

the CFTC fight

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Top story Second Circuit lets New York and Connecticut enforce gambling laws against Kalshi, rejecting injunctions

The ruling clears the way for the two states to pursue enforcement against Kalshi's sports markets, with restrictions potentially taking effect by early 2027.

full coverage →kalshicourtssports-betting
Cboe and Citadel Securities-backed group sues US regulator over single-stock perpetual futures

The suit challenges the CFTC's approval of single-stock perpetual futures, a product that pits exchanges against prediction market venues.

full coverage →cftcderivativeslitigation
CFTC clears perpetual futures on individual US stocks, branded Equity Perps, opening path for Kalshi

The approval lets venues offer perpetual contracts tied to single stocks, an expansion of derivatives products into territory traditionally reserved for equities exchanges.

full coverage →cftcderivativeskalshi
Utah sues Kalshi, seeking $61 million over alleged illegal gambling

The state suit adds to a widening set of state-level challenges to prediction market operators over sports and event contracts.

full coverage →kalshiutahlitigation
DraftKings, FanDuel and Fanatics halt prediction market offerings in Utah

Major operators pulled their prediction products from Utah as the state escalated legal pressure on such contracts.

full coverage →utahsportsbooksprediction-markets
Sporttrade secures CFTC approval as DCM and clearinghouse to launch prediction market exchange

The approvals let Sporttrade operate a regulated prediction market exchange and clearinghouse, adding a new licensed venue to the sector.

full coverage →cftcsporttradeexchanges
Illinois appeals federal injunction blocking its prediction market licensing and tax regime

The state is asking the Seventh Circuit to revive a law that would license and tax prediction market operators, testing state authority over the sector.

full coverage →illinoiscourtsstate-regulation
Polymarket to halt Michigan sports prediction markets by November 25

The move follows state pressure on sports-related event contracts and narrows Polymarket's US footprint.

full coverage →polymarketmichigansports-betting
Saquon Barkley divests Polymarket stake over NFL gambling rules

The NFL player's exit from the Polymarket investment highlights conflict-of-interest limits on league personnel tied to betting and prediction firms.

full coverage →polymarketnflcompliance
Democrats win midterms, but prediction markets' biggest threat may come from Texas and Georgia

State-level battles in Republican-led states are emerging as the next front for prediction market operators after the election.

full coverage →midtermsstate-regulationpolitics
Bill would bar prediction markets from offering wildfire contracts

The proposal would carve disaster-related contracts out of prediction market offerings, a new category of federal restriction.

full coverage →billcftcevent-contracts
Ohio senator says 'it's time' for a prediction markets bill

Ohio lawmakers are moving to define and regulate prediction markets at the state level as activity grows.

full coverage →ohiostate-regulationlegislation
Michigan launches fixed-odds horse race betting

The state's expansion into fixed-odds horse betting adds a new wagering format alongside its prediction market and sports betting offerings.

full coverage →michiganhorse-racinggaming
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