News categoryRegulation & Policy
Regulation & Policy stories
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- Kalshi Backs Bipartisan Bill Requiring Facial Recognition Age Checks on Prediction Markets, Sportsbooks
Kalshi CEO Tarek Mansour joined lawmakers at the Capitol as the bill’s lead sponsor praised the company and said rival operators made “every excuse” not to support it.
- Tribal Leaders Press Senate to Add Sports Prediction Market Ban to CLARITY Act
The Indian Gaming Association is lobbying senators to add sports and casino-style prediction market restrictions and preserve tribal gaming laws as the CLARITY Act enters a pivotal stretch.
- CFTC Invokes Emergency Powers to Block Kalshi Trade Cancellations in Michigan
The commission ordered Kalshi to settle affected Michigan sports contracts normally after a state court directed the exchange to void and refund them.
- CFTC Approves DRW-Linked Optex Markets as New Designated Contract Market
The Optex Markets LLC filings point to digital asset futures and perpetual futures, not event contracts, as perps become a bigger issue for CFTC-regulated markets.
- Kalshi Loses Bid to Block New York Sports Prediction Market Enforcement
A federal judge ruled New York gambling laws can apply to Kalshi's sports contracts even if they are swaps, denying its injunction. Kalshi appealed the same day.
- North Carolina Becomes Third State to Pass Prediction Market Tax After Adding Provision to Budget Bill
North Carolina's budget taxes prediction market operators' in-state fee revenue while allowing CFTC-registered platforms to operate, making it the third state with such a tax.
- Michigan Judge Blocks Kalshi Sports Contracts, Orders Geolocation Controls
Kalshi says it will fight a Michigan order blocking its sports contracts, making Michigan the second state after Nevada to force such restrictions.
- July or Never? Clarity Act’s Final Stretch
Ethics provisions, including Trump's own crypto holdings, may be the Clarity Act's biggest obstacle to sixty Senate votes, and industry leaders are split on the bill.
- Kalshi’s New Market Integrity Protocols are a Good Start But Fraud Expert Shares Concerns About Sufficiency and Transparency
Fraud expert Dr. Tasha Mac says Kalshi's new market integrity measures point the right way, but confidence depends on transparency about who oversees them and how.
- CFTC Proposes Employer, Occupation Reporting Requirement for Prediction Market Traders
A CFTC proposal would make event contract reporting relief permanent while requiring exchanges to collect traders' occupation, employer and other identifying information.
- House Panel Advances Congress Prediction Market Ban, First Of 20+ Bills To Move Forward
The first prediction market bill to clear a committee vote split lawmakers over whether Congress should adopt a narrow ethics measure or a broader ban.
- CME Sues CFTC Over Perpetual Futures as Kalshi Perps Volume Surges
CME Group sued the CFTC over its approval of perpetual futures, arguing they are swaps under Dodd-Frank, as Kalshi's new crypto perps draw heavy volume.
- CFTC’s Prediction Markets Rule Draws Scrutiny Over Public Interest Gaps and Legal Staying Power
Seton Hall law professor Ilya Beylin says the CFTC's proposed rule ignores the harms of gambling through derivatives exchanges and is built to win in court.
- CFTC Sues New Mexico Over Kalshi, Expanding Prediction Market Fight With States
New Mexico becomes the eighth state targeted by the CFTC as the agency pushes back against efforts to treat sports event contracts as gambling.
- CFTC Prediction Markets Rule Defines Gaming, Draws Line on Micro-Bets and Injury Markets
The CFTC's proposed rule defines gaming under the Commodity Exchange Act and would likely block micro-bets and injury markets without banning sports contracts.
- CFTC Moves to Clear Gemini’s Record, Says 2022 Complaint ‘Should Not Have Been Filed’
The CFTC moved with Gemini to vacate its 2022 consent order, conceding the lawsuit should not have been filed and ending a long enforcement saga.
- Congress Seeks Kalshi, Polymarket Records Amid ‘Wild West’ Insider Trading Concerns
House Oversight Chairman James Comer requested Kalshi and Polymarket records in an insider trading probe and called prediction market regulation the Wild West.
- Senate Sports Betting Integrity Hearing Scrutinizes Prediction Markets
Senators discussed sports prediction markets during a hearing on betting integrity, youth protection and the limits of CFTC oversight.
- CFTC Sues Minnesota After Walz Signs Prediction Markets Ban Into Law
The CFTC is seeking to block what it calls "the first outright ban on 'prediction markets' in the United States" before Minnesota's new law takes effect Aug. 1.
- House Democrats Seek Prediction Market Records Amid Suspicious Iran War, Oil Trades
House Democrats asked for subpoenas to identify traders behind suspicious Iran-linked trades, and Chairman James Comer said Oversight is seeking operators' information.