Legal News & Updates

Ongoing coverage of the legal and regulatory fights shaping US prediction markets, including CFTC actions, state challenges and court battles as they develop.

connecticut state flag in front of dome building

Connecticut Sends Cease-and-Desist Orders Affecting Sports Contracts on Nine Exchanges

Connecticut gambling regulators have issued 9 C&D orders to prediction market operators and 29 subpoenas: nine to licensed service providers, 15 to media organizations and five to...

Derek Helling

September 11, 2026

Legal News & Updates

Kalshi Seeks Ninth Circuit Rehearing as Robinhood Takes Nevada Prediction Market Fight to Supreme Court

Kalshi is asking the full Ninth Circuit to reconsider the panel decision allowing Nevada to regulate its sports-event contracts as gambling. Robinhood, meanwhile, has filed a Supreme Court...

Pat Evans

September 10, 2026

Utah Kalshi prediction markets Tenth Circuit

Legal News & Updates

Tenth Circuit Backs Utah in New Blow to Kalshi’s Sports Prediction Markets

The appeals court affirmed Utah’s ability to enforce its gambling laws against Kalshi’s sports-event contracts, adding another federal appellate loss for the platform as New Jersey asks...

Pat Evans

September 8, 2026

Michigan Robinhood order prediction markets

Legal News & Updates

Robinhood Will Halt Michigan Sports Prediction Markets as State Fight Spreads Beyond Kalshi

Robinhood Derivatives has agreed to stop offering new sports event contracts to Michigan customers by September 9 and close outstanding positions by October 9. The deal leaves the core...

Pat Evans

September 8, 2026

Crypto

SEC Announces Update to Transfer-Agent Rule in Bid to Accommodate Tokenized Assets

The SEC has proposed to modernize decades-old transfer-agent rules, opening the door for blockchain to serve as the official record for securities ownership and share transfers. Industry...

Iliana Mavrou

September 2, 2026

Legal News & Updates

New Jersey Asks Supreme Court to Decide Whether Prediction Markets Are Sportsbooks or Swaps

New Jersey has asked the U.S. Supreme Court to review its loss to Kalshi, giving the justices a direct chance to resolve the growing split over whether sports-event contracts are federally...

Pat Evans

September 2, 2026

new york state flag in front of building

Legal News & Updates

New York Attorney General Asks Federal Court to Disregard CFTC Emergency Order to Kalshi

The Monday letter from NY AG James disputes the validity of the CFTC’s denial of Kalshi’s emergency rule change for consideration in the agency’s lawsuit against the...

Derek Helling

September 2, 2026

Legal News & Updates

Ninth Circuit Deals Kalshi Major Blow, Rules Sports Event Contracts Aren’t CFTC-Regulated Swaps

The Ninth Circuit has dealt Kalshi one of its biggest legal losses yet, ruling that the platform’s sports-event contracts are sports bets—not swaps protected by the Commodity Exchange...

Pat Evans

August 28, 2026

Legal News & Updates

Connecticut Attorney General Escalates Action Against Kalshi Amid CFTC Lawsuit

Connecticut AG joins fray of colleagues taking to state courts to seek order limiting residents’ access to prediction market...

Derek Helling

August 27, 2026

A Washington court ordered Kalshi to block most event contract categories in the state under a preliminary injunction.

Legal News & Updates

Kalshi Ordered to Halt Most Washington Event Contracts Under Sweeping Injunction

A Washington court order calls for Kalshi to block contracts tied to sports, elections, politics, entertainment, culture, technology, science and mentions, with GeoComply geofencing...

Mike Breen

August 13, 2026

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