CFTC instructs Kalshi to defy Michigan court order on sports offerings
The Commodity Futures Trading Commission (CFTC) has instructed Kalshi to continue offering sports event contracts in Michigan despite a court order to block the state.
CFTC
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CFTC Orders Kalshi Not to Cancel Michigan Trades
The U.S. Commodity Futures Trading Commission (CFTC) has ordered prediction market platform Kalshi not to cancel trades placed by Michigan users.
Prediction Markets Weekly: Operator Coalition Recruits Ex-CFTC Nominee
It was another busy week in the prediction market space for several key stakeholders. This week, a District Court judge denied Kalshi’s motion for a preliminary injunction in New York to allow the prediction market to keep its sports event contracts online.
CFTC Has Edge Over States in Prediction Markets Supreme Court Showdown
The battle for control of the prediction markets space is heading to the Supreme Court, say US lawyers, with some claiming the Commodity Futures Trading Commission (CFTC) may have a key advantage over the states.
US Senators Call for CFTC Probe into Polymarket Marketing
Two US senators have called on the Commodity Futures Trading Commission (CFTC) to investigate allegations that prediction market operator Polymarket used staged trading videos, simulated betting activity, and undisclosed influencer marketing to promote its platform.
MLBPA Pushes for Ban on Prop Contracts in Prediction Markets
The Commodity Futures Trading Commission (CFTC) sued Kentucky, Kalshi sued Illinois for similar reasons, and DraftKings finally launched its own prediction markets exchange, and so much more happened this week.
Minnesota Accuses Trump in Court Filing Against Prediction Markets
Minnesota state authorities have accused President Donald Trump of actively trying to regulate prediction markets for personal gain in a new court filing as part of their legal battle with the industry.
IGA Leaders Criticize CFTC Prediction Market Proposal
Leaders of the Indian Gaming Association (IGA) criticized proposed federal rules that would allow prediction market operators to offer sports event contracts nationwide under the oversight of the Commodity Futures Trading Commission (CFTC), arguing that the move bypasses state and tribal gaming regu
AGA and IGA React to CFTC Rules, ProphetX Partnership Announced
This week’s prediction markets discourse was dominated by the Commodity Futures Trading Commission (CFTC) publishing its proposed rules for event contracts trading on Wednesday.
States Unite Against Kalshi as CFTC Approves Sports Prediction Markets
In Kalshi’s court battle against Ohio, 39 states plus the District of Columbia have filed an amicus brief in support of the state.
Analysis of CFTC's Proposed Prediction Market Rules Impact on Sports
Michael Selig’s Commodity Futures Trading Commission (CFTC) officially published its proposed prediction markets rules on Wednesday after months of review and thousands of public comments.
CFTC Seeks to Vacate $5 Million Gemini Penalty
The U.S. Commodity Futures Trading Commission has asked a judge to vacate a $5 million penalty imposed on cryptocurrency exchange Gemini Trust Company.