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.

Michigan Robinhood order prediction markets

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

Legal News & Updates

SDNY Judge Denies CFTC’s Emergency TRO Against New York, Leaving Prediction Markets in the Middle of a Fragmented Legal Map

A federal judge in Manhattan has denied the CFTC and DOJ’s emergency request for a temporary restraining order against New York, marking another setback for the federal preemption push on...

Pat Evans

August 3, 2026

A legal battle between New York and federal regulators could determine whether Kalshi remains available to customers in the nation's fourth-most-populous state.

Legal News & Updates

New York Seeks at Least $36 Billion From Kalshi as CFTC Moves to Block Enforcement

The New York attorney general’s sweeping enforcement action seeks to halt Kalshi event contracts and recover billions, while federal regulators separately ask a judge to stop New York...

Mike Breen

July 31, 2026

Legal News & Updates

Facial Scans May Augment Age Verification Systems But Fall Short of Path to Reliable Way to Prove Device User’s Age

A bill in the US Congress requires prediction market users to use facial scans of platform users to verify age, but an expert on the topic questions that...

Derek Helling

July 31, 2026

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