New Jersey asked the Supreme Court to decide whether CFTC-registered sports event contracts override state gambling laws after federal appeals courts split, putting Kalshi’s nationwide model in the justices’ path.
A Ninth Circuit panel denied Kalshi, Crypto.com, and Robinhood injunctive relief, ruling sports event contracts are wagers—not swaps—and remain subject to state gaming laws, deepening a Supreme Court-bound split.
Two new Polymarket wallets put nearly $1.5 million on the CLARITY Act missing 2026, slashing passage odds to 14% as a September Senate cloture test looms.
As sports prediction markets surge past traditional sportsbooks in volume, traders face a complex U.S. map of open access, contested litigation, and outright blocks in key states as of August 2026.
A Washington court has ordered Kalshi to halt most event contracts for state residents, imposing strict geofencing deadlines and potential $120,000 daily penalties while allowing traders to exit existing positions.
Baltimore Mayor Brandon Scott’s office sued Kalshi and Polymarket, charging the platforms with unlicensed sports wagering through event contracts and naming major distribution partners in a high-stakes consumer protection fight.
City Council Speaker Julie Menin launches probe into Polymarket, Kalshi and others over deceptive influencer ads featuring $1.9 million in fabricated trades that targeted young traders.
Federal regulators invoke emergency powers, ordering Kalshi to keep event contracts trading in New York amid a high-stakes state lawsuit seeking to shut operations as illegal gambling and demanding major penalties.
Democratic senators demand CFTC curb wildfire prediction market bets, citing arson risks that could turn disaster trading into a public safety threat amid intense fire seasons.
Former Rep. George Santos settles $35,000 CFTC case and accepts three-year ban for alleged manipulation of Kalshi trades tied to his State of the Union plans via social posts.
