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.

missouri flag in front of government building

Missouri Attorney General’s Orders Add Weight to High Court Decision

Missouri Attorney General Catherine Hanaway has ordered six prediction market exchanges to stop offering sports event contracts to people in the...

Derek Helling

September 21, 2026

Louisiana Kalshi prediction markets tribal

Legal News & Updates

Kalshi Teams With Louisiana Tribe on First Tribal Prediction Market App

Days after a federal appeals court found Kalshi’s sports contracts likely violate tribal gaming rules on two California rancherias, the company has unveiled a Tribal-owned...

Cheryle Shepstone

September 18, 2026

montana state flag with mountains in background

Legal News & Updates

Kalshi ‘Settles’ Lawsuit Against Montana Attorney General With Allowance for Ninth Circuit Opinion

Kalshi and Montana officials have reached agreement on a motion to dismiss the company's lawsuit in exchange for non-action promises from gambling...

Derek Helling

September 18, 2026

Crypto

SEC Issues Innovation Exemption as CLARITY Act Fails

Two days after the CLARITY Act stalled in a Senate cloture vote, the SEC issued its "Innovation Exemption," letting qualifying venues trade tokenized stocks on-chain without registering as...

Iliana Mavrou

September 17, 2026

Legal News & Updates

Ninth Circuit Revives Tribal Challenge to Kalshi Sports Contracts in California

A federal appeals court reversed a lower court’s refusal to consider blocking Kalshi and Robinhood from offering sports event contracts on two California tribal lands, finding the tribes...

Cheryle Shepstone

September 16, 2026

new york state flag in front of city skyline

Legal News & Updates

CFTC Argues Jurisdictional Exclusivity in New York Hearing

Hearing follows judge change in Underdog lawsuit against Washington authorities and Arizona officials asking the Ninth Circuit to lift their...

Derek Helling

September 15, 2026

Federal and New York flags beside regulatory documents on a conference table overlooking Lower Manhattan

Legal News & Updates

American Gaming Association Opposes CFTC Bid to Block New York Prediction-Market Enforcement

The American Gaming Association has opposed the CFTC's request to block New York prediction-market enforcement ahead of a Sept. 14 hearing. The case asks whether federally regulated...

Cheryle Shepstone

September 13, 2026

connecticut state flag in front of dome building

Legal News & Updates

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

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