Prediction Market Operators Gain Upper Hand Over Sportsbooks
Prediction market operators appear to hold all the high cards in their battle with sportsbook operators.
Commodity Futures Trading Commission
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CFTC's Prediction Market Battle with States Unlikely to Reach
A compromise between the warring parties is unlikely in the increasingly bitter regulator-versus-states battle for control of prediction markets, say experts.
New Jersey Considers 9% Tax on Prediction Markets
New Jersey lawmakers are considering imposing a 9% tax on prediction markets.
CFTC Chairman: Prediction Markets Not for Gambling
Commodity Futures Trading Commission Chairman Michael Selig reiterates that prediction markets like Kalshi and Polymarket are not offering gambling services.
Senators Move to Prevent CFTC from Using Federal Funds in Prediction
A group of 17 Democratic Party Senators, including Richard Blumenthal, seeks to prevent the CFTC from using federal funds in prediction market legal disputes.
CFTC Sues Kentucky in Legal Battle Against States
The US markets regulator, the Commodity Futures Trading Commission (CFTC), has served a ninth state with legal papers as it looks to stop Kentucky’s efforts to regulate prediction markets.
CFTC Sues Kentucky to Halt State's Prediction Markets Crackdown
The Commodity Futures Trading Commission (CFTC) filed a lawsuit against Kentucky on Tuesday in a bid to block the Republican state from trying to tax and restrict prediction markets via a new state law.
California and Minnesota AGs Challenge CFTC on Prediction Markets
California and Minnesota attorneys general are challenging the Commodity Futures Trading Commission’s (CFTC) approach to regulating prediction markets.
Michigan Judge Rules Polymarket Sports Contracts Outside CFTC
A federal judge in Michigan ruled that sports-related prediction market contracts offered by Polymarket do not fall under the Commodity Futures Trading Commission’s authority, adding weight to state regulators’ efforts to classify the products under sports betting laws.
CFTC Releases Rules for Sports Prediction Markets
It has been a big week of anti-prediction markets mobilization in court. After the Commodity Futures Trading Commission (CFTC) last week published a proposed rulebook for event contracts that took a broadly permissive stance on sports trading, dozens of state attorneys general, tribal organizations,
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
CFTC Sues New Mexico in US Prediction Market Legal Battle
The Commodity Futures Trading Commission (CFTC) is stepping up its legal assault on US states that try to take regulation of prediction markets into their own hands, with New Mexico the latest to be served with legal papers.