Better Markets Urges CFTC to Withdraw Prediction Market Proposal
Better Markets, a nonprofit, urges CFTC to withdraw its proposed rule on prediction markets to prevent widespread gambling under the guise of financial event contracts.
Regulation
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Key Takeaways from Minnesota Prediction Markets Injunction
Friday’s preliminary injunction barring Minnesota from implementing its unique law banning all prediction markets chalks another tally for Kalshi, Polymarket and the Commodity Futures Trading Commission (CFTC) on the ever-expanding U.S. court scoreboard.
Prediction Markets Legal Setbacks in New York & Wisconsin
Prediction markets suffered legal setbacks in New York and Wisconsin this week as judges ruled against the CFTC and Kalshi.
South African Bookmakers Association Calls for Prediction Markets Ban
The South African Bookmakers Association (SABA) has called for prediction markets to be banned in South Africa, citing concerns over sports integrity, regulatory oversight, and anti-money laundering (AML) risks.
Brazilian Sports Betting Industry Challenges Study on Household Debt
Brazil’s sports betting industry disputes research linking betting with higher household debt and default rates.
NFL Urges CFTC to Enhance Sports Contract Rules
The National Football League has urged the Commodity Futures Trading Commission to strengthen proposed prediction market regulations, warning that the framework does not adequately address manipulation, insider trading and consumer risks tied to sports contracts.
Cambodian Regulators Close 72 Casinos Over Fraud Allegations
Cambodian authorities identified 72 of the country's 195 licensed casinos as allegedly connected to online fraud following a series of inspections.
Prediction Markets Must Engage With Regulators to Avoid Legal Issues
The polarizing legal war pitting prediction markets and the Commodity Futures Trading Commission against states continues to dominate US courts.
Illinois Includes Gambling Disorder in Substance Abuse Efforts
Illinois is changing state law to ensure that treating and preventing gambling disorders will be included in its approach to substance abuse and addiction.
Russian Policymakers, MPs Clash Over Video Game 'Gambling Warning'
Russian policymakers and lawmakers are at loggerheads over proposals to slap gambling warnings on Roblox, Minecraft, and other video games popular among teenagers.
CFTC prediction market proposal faces opposition
A proposal from the U.S. Commodity Futures Trading Commission to establish federal boundaries for sports and other prediction market contracts has drawn opposition from various groups.
Minnesota Judge Rules in Favor of Prediction Markets
Prediction markets secured a legal victory in Minnesota, blocking the state’s plan to ban most event contracts.