The AGA, Indian Gaming Association, AGEM, and attorneys general from 44 states are pushing back on a CFTC rule that could let prediction markets list sports event contracts nationwide.
Kalshi has agreed to finish rolling out third-party geofencing in Nevada by August 12 or pay $120,000 a day, avoiding a contempt hearing tied to a May court injunction.
Fanatics is acquiring a CFTC-registered exchange and clearinghouse from BGC Group, giving it in-house infrastructure to expand Fanatics Markets as prediction-market competition intensifies.
Polymarket volume is surging on Blue Jays-Nationals after the Vladimir Guerrero Jr. injury news, while Diamondbacks-Pirates offers a tighter analytical spot behind two red-hot starters.
A coalition of 44 states, the NFL, and former Sen. Chris Dodd all told the CFTC its proposed prediction market rule oversteps federal authority as the comment period closed.
Reps. Steven Horsford and Mark Amodei filed the Prediction Markets Are Gambling Act, a House bill that would bar Kalshi, Polymarket, and other CFTC-registered platforms from listing sports and casino-style event contracts.
Prediction markets have the Reds favored over the Guardians and a near coin-flip total for Blue Jays-Nationals — here is what the underlying stats say about both lines.
Jefferies analyst James Wheatcroft says Flutter’s 65% stock decline overstates the real threat from prediction markets like Kalshi and Polymarket.
Prediction markets captured roughly 27% of legal US sports-betting volume during the World Cup, up from 9% in January, as Kalshi surged past DraftKings and FanDuel in daily users.
A bipartisan push to rein in sports betting and prediction markets has stalled in Congress, even as hearings pile up and lawsuits over CFTC jurisdiction spread state by state.
Judge Analisa Torres rejected Kalshi’s request for an injunction pending appeal on July 27, denying the prediction market operator emergency relief from New York gambling enforcement for the second time in a month.
Kalshi has sent Netflix a cease-and-desist letter over its new documentary trailer, claiming fabricated content misrepresents the company’s compliance with a Nevada court order on sports event contracts.
