Rangers Strike First At Deadline, Books Still Lean Seattle

Rangers Strike First At Deadline, Books Still Lean Seattle

Texas sent 19-year-old infield prospect Angel Arredondo to the Angels for Chase Silseth and Logan O’Hoppe on Wednesday. Silseth brings a 2.72 ERA and 48 strikeouts over 47 appearances to a first-place bullpen. Texas optioned the slumping O’Hoppe to Triple-A Round Rock while two of … Read more

Federal Judge Blocks Minnesota Prediction Market Ban

Federal Judge Blocks Minnesota Prediction Market Ban

U.S. District Judge Katherine Menendez enjoined Minnesota Statute 609.7615 on July 27, five days before its Aug. 1 effective date. The order protects only CFTC-registered exchanges and found the state law likely preempted for contracts qualifying as federal swaps. Kalshi told the court it had … Read more

Fanatics To Buy CFTC-Registered Exchange From BGC Group

Fanatics To Buy CFTC-Registered Exchange From BGC Group

The deal covers Water Street Labs and CX Clearinghouse, two CFTC-registered entities BGC Group is selling. Water Street Labs lists contracts and CX Clearinghouse settles them, neither licensed nor overseen by state gaming regulators. Fanatics Markets launched in December 2025 through a Crypto.com partnership and … Read more

Affidavit Can Spare Kalshi Nevada’s $120,000 Daily Penalty

Affidavit Can Spare Kalshi Nevada's $120,000 Daily Penalty

Kalshi must finish a GeoComply geofencing rollout in Nevada by Aug. 12 or face a $120,000 daily penalty. The stipulation lets Kalshi submit a sworn affidavit explaining any delay instead of paying that daily penalty. Kalshi acknowledged state investigators placed prohibited trades but did not … Read more