Tribal case tests a different Kalshi defense Kalshi faced the Ninth Circuit on July 10 as Blue Lake Rancheria, Chicken Ranch Rancheria …
Sports
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Regulation
Kalshi Takes Tribal Sovereignty Fight to Ninth Circuit Over Sports Markets
by shayaanby shayaanTribal case tests a different Kalshi defense Kalshi faced the Ninth Circuit on July 10 as Blue Lake Rancheria, Chicken Ranch Rancheria …
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Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to …
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Finance
Kraken parent Payward leads $20M Series A in sports prediction market Onyx Odds
by shayaanby shayaanPayward, the parent company of cryptocurrency exchange Kraken, has led a $20 million Series A funding round for Onyx Odds, a prediction …
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Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims TL;DR Kentucky Attorney General Russell Coleman has escalated the state’s fight …
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Scams
Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
by shayaanby shayaanIn brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court …
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Regulation
CFTC proposes framework favoring sports event contracts over gambling
by shayaanby shayaanThe US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not …
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Regulation
US CFTC expands oversight of prediction markets, collaborates with major sports leagues
by shayaanby shayaanThe Commodity Futures Trading Commission is no longer just watching prediction markets from the sidelines. Chairman Mike Selig confirmed on May 12 …
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Markets
U.S. CFTC in talks with every major pro sports league on policing prediction markets
by shayaanby shayaanChairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren’t just betting but …
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Markets
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
by shayaanby shayaanNovig CEO Jacob Fortinsky said his company will transition to a federal Designated Contract Market framework this summer to launch in all …