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.

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Kalshi’s Sports Contract Cases Turn on Three Textual Hurdles: A Field Guide to Legal Fault Lines

A May 4 deadline looms for Kalshi to geofence Nevada after Carson City District Court Judge Jason Woodbury granted a preliminary injunction to the Nevada Gaming Control Board on April 28....

Valerie Cross

April 30, 2026

Legal News & Updates

CFTC Escalates Fight to Wisconsin, Raising Stakes for Seventh Circuit Review

The Commodity Futures Trading Commission (CFTC) released a statement on Tuesday announcing that it has filed a lawsuit in response to Wisconsin’s legal actions against the operators of...

Derek Helling

April 29, 2026

Legal News & Updates

CFTC Sues New York, Opening New Front in Prediction Markets Preemption Fight

Four federal circuit appeals courts have already weighed in, albeit in limited fashion, on the dispute over the classification of prediction markets and state sovereignty. Thanks to a new...

Derek Helling

April 27, 2026

Third Circuit signals tough path for kalshi

Legal News & Updates

Kalshi Loses Bid to Block Ohio Enforcement as Sixth Circuit Fast-Tracks Appeal

Kalshi will get its day in court at the Sixth Circuit to argue against Ohio officials’ attempts to enforce state gambling laws against its prediction market exchange. Kalshi’s petition...

Derek Helling

April 27, 2026

Wisconsin filed lawsuits against prediction market platforms and their partners, seeking to block sports event contracts the state says function as illegal sports betting

Legal News & Updates

Wisconsin Sues Kalshi, Polymarket, Crypto.com Over Sports Contracts in ‘Race to the Courthouse’

The Wisconsin Department of Justice has filed a series of lawsuits against major prediction market operators and their distribution partners, alleging that sports event contracts offered by...

Mike Breen

April 23, 2026

New York Attorney General Letitia James has filed lawsuits against Coinbase and Gemini, alleging their prediction market offerings constitute illegal gambling under state law and seeking sweeping penalties

Legal News & Updates

New York AG Targets Lawsuits Against Coinbase and Gemini Prediction Markets

New York Attorney General Letitia James has filed civil enforcement actions against Coinbase Financial Markets and Gemini Titan, accusing both companies of operating unlicensed gambling...

Mike Breen

April 21, 2026

Industry

CFTC Win Pauses Arizona Case Against Kalshi, Sets Stage for Ninth Circuit Appeal

US district judge Michael Liburdi indicated on Friday that he would grant the Commodity Futures Trading Commission’s request for a temporary restraining order (TRO) preventing Arizona...

Derek Helling

April 13, 2026

Legal News & Updates

Kalshi Ban Extended in Nevada, Setting Up Federal Showdown

A Nevada judge has renewed a temporary ban on prediction market trading in the state, as Kalshi will have appeal options to consider...

Derek Helling

April 4, 2026

CFTC sues three states over prediction markets

Industry

CFTC Sues Illinois, Arizona and Connecticut to Defend Exclusive Authority Over Prediction Markets

The Trump Administration is officially joining in on the fight between states and prediction markets, starting with Illinois, Arizona, and Connecticut. The CFTC announced its...

Pat Evans

April 2, 2026

Legal News & Updates

Texas Elevates Prediction Markets to 2027 Priority as Courts Shape the Rules

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...

Derek Helling

March 31, 2026

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