NEW YORK – The Commodity Futures Trading Commission (CFTC) have exercised their emergency powers just six times ever and haven’t done so since 1980. Now, CFTC Chairman Michael Selig has implemented emergency orders twice in the last 30 days to support Kalshi. Kalshi is battling … Read more
Staff wrote that marketing event contracts in bookmaker-style American odds contravenes the rules barring misleading practices. Recipients were asked to review every pricing display they or their partners run and confirm receipt by Aug. 31. Staff grounded the warning in the federal anti-manipulation statute and … Read more
SALT LAKE CITY– Utah can enforce their anti-gambling laws against Kalshi, a federal judge in Utah ruled on Tuesday. The judge rejects Kalshi’s argument that federal regulation includes their sports event contracts and prevents state intervention. Judge Rules Against Kalshi In Utah In simple terms, … Read more
Genius Sports announced a Kalshi partnership on Aug. 5 to supply official soccer data settling the exchange’s sports event contracts. Kalshi agreed to restrict certain market types under the integrity information-sharing terms of the agreement. Polymarket took the same official-data and integrity package a day … Read more
BROOKLYN, N.Y. – IG Group acquired daily fantasy sports and prediction market operator Underdog for up to $1.3 billion on Thursday. The move marks a big push for the UK-listed IG Group to join the American trading market currently under fire in state courts. Underdog … Read more
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
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
WASHINGTON – Prediction markets offering sports event contracts could soon be over. During tomorrow’s Congressional hearing on sports prediction markets, the Indian Gaming Association (IGA) and American Gaming Association (AGA) will pursue an outright ban of these “sports event contracts”, according to their written testimonies … Read more
Rep. Josh Gottheimer introduced the Facial Recognition to Protect Children Act on July 15 with eight bipartisan cosponsors. The measure would force sportsbooks and prediction markets to scan a user’s face to estimate age before a wager. Despite its name, the bill relies on facial … Read more
WASHINGTON – The man who often made the final touches to President Donald Trump’s speeches allegedly made more than $100,000 betting on those same speeches with Kalshi, a prediction market operator. Gabriel Perez wagered on the “Mentions” market at the popular prediction market, betting on … Read more
PHOENIX – A new executive order from Arizona Governor Katie Hobbs prohibits insider trading by state employees for the use of prediction market platforms. Executive Order 2026-02 specifically prevents executive branch employees of the state of Arizona from using information not currently available to the … Read more
RALEIGH – The new state budget for North Carolina has major implications on legal sports betting sites in the state, including an increased tax on sports betting related wagers and a brand new tax on prediction markets. Senate Bill 257 will increase the state’s sports … Read more