In a swift move, the CFTC sought an emergency temporary restraining order to stop state actions from disrupting federally regulated event contract trading, heightening the fierce battle for market authority.
State lawmakers draw a firm line against unregulated prediction markets. The National Council of Legislators from Gaming States unanimously approves a resolution urging Congress to classify them as illegal gambling.
A federal judge blocked a first-of-its-kind Minnesota state ban on prediction markets days before it took effect, delivering an early win to the CFTC, Kalshi, and Polymarket in a preemption fight.
In a significant escalation of regulatory efforts, French gaming authorities have directed internet service providers to block access to the Polymarket platform after transaction bans proved ineffective amid rising engagement levels.
Rep. Dina Titus is pushing a bill to ban sports event contracts on prediction markets, forcing traders to quickly adapt their strategies as federal regulators tighten oversight on these high-volume activities.
The Commodity Futures Trading Commission has blocked KalshiEX from forcibly liquidating trades held by Michigan residents, overriding a state court order in a significant defense of federal derivatives market authority.
North Carolina’s new budget boldly authorizes prediction market trading with a modest 6% tax on net fees—far lighter than sports betting’s 23% levy—igniting fierce debate over revenue shifts, regulatory gaps, and the future of event-based markets.
In a major blow, Kalshi’s emergency bid to dodge Nevada geofencing rules was denied, paving the way for a July 16 contempt hearing that could impose hefty sanctions on the platform.
Kalshi has fired back in federal court, suing Illinois officials to block new taxes and licensing rules on sports event contracts—setting up a high-stakes clash over federal preemption and nationwide trading access.
A consumer protection group has sued Polymarket, alleging the platform orchestrated a flagrantly deceptive campaign of fake winning-bet videos that targeted young traders while obscuring real risks.
