Derek Helling is a journalist who has covered the gaming industry for many publications since 2018. His coverage emphasizes the intersections of gambling with the business of entertainment, the evolution of the legal landscape, technology’s shaping of gaming, and the impact of gambling on society. When he isn’t working on his next story, he enjoys traveling with his wife and spoiling their pair of Munchkin cats.
The CFTC sued Wisconsin to stop its actions against prediction market operators, making it the second Seventh Circuit state the agency has taken to court after Illinois.
The CFTC sued New York to block its restrictions on prediction markets, as it did Arizona, Connecticut and Illinois, likely bringing the Second Circuit into the fight.
The Sixth Circuit denied Kalshi a stay against Ohio's enforcement but expedited its appeal, with language suggesting a hard road for its preemption argument.
CME Group beat first-quarter estimates on record volume and data demand, and says the next phase of its prediction markets business depends on how courts rule.
Kentucky’s legislature has overridden the governor’s veto of a bill that would force gambling licensees to choose between offering prediction markets and traditional gaming in the state.
The Ohio Casino Control Commission moved to fine Kalshi for unlicensed sports gaming, and Kalshi asked the Sixth Circuit for an injunction pending appeal.
Kentucky Gov. Andy Beshear vetoed a bill that could have sanctioned gambling licensees offering prediction markets, though lawmakers may still override him.
A federal judge said he would grant the CFTC a temporary restraining order halting Arizona's criminal case against Kalshi, setting up a likely Ninth Circuit appeal.
A Third Circuit panel upheld Kalshi's injunction against New Jersey, ruling federal law gives the CFTC exclusive authority over event contracts that qualify as swaps.
The first countersuit seeking injunctive relief against Washington officials comes from one of Kalshi’s distribution partners in offering prediction markets.
Texas Lt. Gov. Dan Patrick is pushing prediction markets onto the 2027 agenda as legal battles leave the regulatory framework unsettled. Federal preemption rulings may determine what comes next.
Washington Attorney General Nick Brown sued in state court to declare Kalshi's prediction markets illegal, block residents' access and recover alleged losses.
