Regulation & Policy

Tracking the rules shaping prediction and crypto markets — from CFTC oversight and state-level battles to federal legislation and legal challenges between platforms and regulators. We break down what the policy shift means for traders and the industry.

A federal judge denied Kalshi’s bid to block New York gambling regulators from enforcing sports betting laws against its sports event contracts.

Regulation & Policy

Kalshi Loses Bid to Block New York Sports Prediction Market Enforcement

A federal judge rejected Kalshi’s core preemption argument, ruling New York gambling laws can apply to sports event contracts even if they are treated as swaps. Kalshi filed a notice of...

Mike Breen

July 8, 2026

North Carolina lawmakers added a prediction market tax to the state budget, marking the third state tax aimed at federally regulated event contract platforms.

Regulation & Policy

North Carolina Becomes Third State to Pass Prediction Market Tax After Adding Provision to Budget Bill

The budget creates a 6% tax on prediction market operators' North Carolina trading fee revenue while expressly allowing CFTC-registered platforms to operate in the state. Sen. Julie...

Mike Breen

July 1, 2026

A Michigan court order temporarily blocked Kalshi sports event contracts in the state and required the company to use third-party geolocation controls.

Regulation & Policy

Michigan Judge Blocks Kalshi Sports Contracts, Orders Geolocation Controls

Kalshi says it will fight the Michigan order as the state becomes the second after Nevada to force restrictions on the exchange’s sports...

Mike Breen

June 30, 2026

Crypto

July or Never? Clarity Act’s Final Stretch

Clarity Act's biggest threat could be ethic provisions, with Trump's own crypto holdings now central to the fight for 60 Senate votes. Industry leaders are split on whether the bill bundles...

Iliana Mavrou

June 30, 2026

binoculars in front of washington dc scene

Regulation & Policy

Kalshi’s New Market Integrity Protocols are a Good Start But Fraud Expert Shares Concerns About Sufficiency and Transparency

Kalshi's new market integrity measures are a positive step that points in the right direction, says fraud expert Dr. Tasha Mac, who has trained over 4,100 auditors and investigators and...

Derek Helling

June 29, 2026

The CFTC proposal would require regulated event contract exchanges to collect additional trader information as part of a broader market surveillance framework

Regulation & Policy

CFTC Proposes Employer, Occupation Reporting Requirement for Prediction Market Traders

The latest CFTC rule proposal would replace temporary reporting relief with a permanent framework for regulated event contracts while requiring exchanges to collect occupation, employer and...

Mike Breen

June 25, 2026

A House committee advanced the first prediction market bill to clear a committee vote this year, moving a proposed congressional trading ban one step forward.

Regulation & Policy

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...

Mike Breen

June 24, 2026

CME’s planned lawsuit against the CFTC could test whether crypto perpetual futures remain in the regulated futures market or face treatment as swaps.

Regulation & Policy

CME Sues CFTC Over Perpetual Futures as Kalshi Perps Volume Surges

CME Group sued the Commodity Futures Trading Commission (CFTC) and Chair Michael Selig on Thursday over the agency’s approval of perpetual futures, escalating a fight over whether a...

Mike Breen

June 18, 2026

Regulation & Policy

CFTC’s Prediction Markets Rule Draws Scrutiny Over Public Interest Gaps and Legal Staying Power

When announcing the agency’s proposed rule last week, CFTC chairman Michael Selig said it became clear from public comments that “the Commission needed to prioritize updating...

Valerie Cross

June 15, 2026

Federal regulators sued New Mexico after the state challenged Kalshi’s sports event contracts, deepening the legal fight over whether prediction markets are governed by gambling laws or federal derivatives rules.

Regulation & Policy

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...

Mike Breen

June 12, 2026

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