U.S. prediction markets regulator issues demand that clashes directly with courts
The Commodity Futures Trading Commission said regulated exchanges can’t cut off customers state-by-state, but firms like Kalshi are under court orders to do so.
Kalshi
The pile of lawsuits against Kalshi just grew by one
Arkansas has accused the prediction market of running illegal gambling, joining Utah and several other U.S. states that have filed criminal or civil charges.
Utah charges predictions platform Kalshi with illegal gambling
Utah has filed criminal charges against betting platform Kalshi and its co-founders.
U.S. agency hits Utah with lawsuit to shield Kalshi’s ability to offer betting there
The U.S. Commodity Futures Trading Commission has pursued more than a dozen legal actions to protect what its chief sees as its sole power over prediction markets.
NBA joins pro sports leagues on CFTC prediction markets bandwagon while NFL balks
The U.S. derivatives regulator, which has championed the arrival of prediction market firms such as Kalshi, has been gathering allied sports leagues.
Kalshi CEO says state-led oversight of U.S. prediction markets would push them out
CEO Tarek Mansour said he feels “pretty good” about the pending outcome of the current legal fight over who has the right to regulate prediction markets.
U.S. CFTC seeks event contract definitions that may defy states’ gambling claims
As it battles with states over prediction markets, the CFTC sent two related rules on swaps definitions for White House review.
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets’ sports-related events contracts are not swaps, and therefore aren’t subject to federal regulatory oversight.
Kalshi says it is not being investigated by the CFTC over trading activity
The prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives.
U.S. regulator warns about cheating risks in ‘mention markets’ on prediction platforms
The Commodity Futures Trading Commission issued a new advisory to flag the unique dangers of markets based on individuals’ behavior.