Rhode Island, CFTC In Legal Battle Over Prediction Markets

Rhode Island, CFTC In Legal Battle Over Prediction Markets

PROVIDENCE, R.I. – Lawsuits continue to pile up when it comes to prediction markets, as the Commodity Futures Trading Commission (CFTC) is now suing the state of Rhode Island for filing lawsuits against Kalshi and Polymarket. Last week, Attorney General Peter F. Neronha filed lawsuits … Read more

The NCAA Solved NIL But Sports Betting Created The Same Hypocrisy

The NCAA Solved NIL But Sports Betting Created The Same Hypocrisy

BIRMINGHAM, Ala. – On Wednesday, the SEC announced a gambling educational video will be shown to all student-athletes. While this is designed to implement safeguards for athletes, it draws an interesting connection to the hypocrisy of the NCAA. Before NIL, schools were able to monetize … Read more

NC Governor Stein Signs Prediction Market Restriction Law

NC Governor Stein Signs Prediction Market Restriction Law

RALEIGH, N.C. – North Carolina Governor Josh Stein signed Executive Order 37 on Wednesday, which prevents state employees from using nonpublic information to purchase any contracts at online prediction markets related to their work. In addition to banning state employees from using nonpublic information to … Read more

Trump Siding With Prediction Markets, CFTC Exclusive Regulation

Trump Siding With Prediction Markets, CFTC Exclusive Regulation

WASHINGTON – U.S. President Donald Trump has joined the prediction market regulatory battle and is siding with the Commodity Futures Trading Commission. Amid numerous states pushing for localized regulation, Trump says prediction markets should be exclusively federally regulated by the CFTC. pic.twitter.com/W4ZqJxO1KR— Rapid Response 47 … Read more