Tag: prediction markets

Kalshi scored another court victory in their battle against state regulators on Monday. A New Jersey judge granted the company a preliminary injunction that allows their sports prediction markets to continue. The New

The Commodity Futures Trading Commission (CFTC) announced that a roundtable to discuss sports prediction markets, scheduled for April 30th, will not take place. Many stakeholders opposed to the spread of event contracts

Kalshi submitted a 16-page document to the court in New Jersey, defending their position that designated contract markets are under the authority of the Commodity Futures Trading Commission (CFTC). New Jersey issued

In a report submitted to the Governor of New Jersey, the Responsible Gaming Task Force focuses on the rise of unregulated gambling. The report identifies four main areas of unregulated betting: social and sweepstakes

Betting legal expert Daniel Wallach has claimed that states could use the federal wire act in their fight against sports prediction markets. The Federal Wire Act of 1961 makes it illegal to “Knowingly use a wire

Kalshi continues to push the boundaries of what markets are acceptable under its prediction market business model. MLB moneylines appeared on the website on Wednesday for the first time. Users can now “predict” or

The Tennessee Sports Wagering Council (SWAC) has contacted the Commodity Futures Trading Commission (CFTC), urging them to stop sports event trading. SWAC Director Mary Beth Thomas sent a letter to CFTC Acting Chair

Steven Fulop gave signs of endorsement for Kalshi’s election prediction markets by interacting with the company on Twitter/X. Fulop responded to a post on X showing that he was gaining support in the market,

Following the popularity of markets on March Madness, Kalshi has added NBA moneylines to its prediction markets. Previously, the events contract site only offered futures markets on the NBA. Kalshi reported trading of

It had already been rumored that Michigan was investigating sports prediction markets, but the state made an official announcement on Friday. Henry Williams, chair of the Michigan Gaming Control Board (MGCB) commented: