3+ hour, 35+ min ago   (1327+ words) Tracking Every Prediction Market Lawsuit Involving Kalshi, Polymarket & Others The fight over prediction markets is moving closer to the U.S. Supreme Court as the CFTC, state regulators and federally regulated trading platforms battle over who has authority over event contracts. Conflicting…...

2+ week, 1+ day ago   (654+ words) Kalshi must halt most of its event contract operations in Washington under a sweeping preliminary injunction that extends well beyond the sports contracts targeted by most other states. “They were allowing bets on pretty much every aspect of American life,…...

2+ week, 3+ day ago   (923+ words) The Commodity Futures Trading Commission invoked its emergency powers Tuesday and ordered Kalshi to continue operating normally as the prediction market exchange faces a New York lawsuit that it says could potentially shut down its operations nationwide. The CFTC said…...

3+ week, 4+ day ago   (680+ words) The federal government’s attempt to slam the brakes on New York’s crackdown on prediction markets just hit a wall. Last week, Judge Victor Marrero of the Southern District of New York denied the Commodity Futures Trading Commission and Department of…...

4+ week, 1+ day ago   (1008+ words) New York has filed the most financially aggressive state enforcement action yet against Kalshi, asking a court to stop the prediction-market exchange from operating an alleged unlicensed gambling business and listing its claimed damages at no less than $36 billion. Attorney…...

4+ week, 1+ day ago   (912+ words) SEON Vice President of Risk & Compliance Nauman Abuzar says that facial scans have some use in terms of age estimation, but that usefulness could be most limited in the exact area of emphasis for prediction market age requirements. Prediction markets…...

4+ week, 2+ day ago   (474+ words) DeFi Rate Federal Court Gives Wisconsin Preliminary Win in CFTC’s Case Against State, But Change of Venue Denial Makes Appeals Certain Federal Judge William C. Griesbach simultaneously denied a series of motions in USA, et al. v. State of Wisconsin,…...

1+ mon, 1+ week ago   (525+ words) King County Superior Court Judge John McHale granted Washington’s request for a preliminary injunction against Kalshi, finding the state is likely to succeed in showing that the company’s event contracts violate state gambling and consumer protection laws. In a 14-page…...

1+ mon, 2+ week ago   (800+ words) A Ninth Circuit panel appeared skeptical Friday of Kalshi’s argument that its federally regulated sports contracts can be offered on tribal lands without violating federal Indian gaming law, repeatedly pressing the company on why the markets should be treated differently…...

1+ mon, 3+ week ago   (1020+ words) Kalshi suffered a major legal setback Tuesday in its lawsuit against the New York State Gaming Commission, after a federal judge denied the company’s request to block state gambling regulators from enforcing sports betting laws against its sports prediction markets....