Lawmakers are now pressing the House to enact an identical prediction market trading ban after the Senate’s unanimous vote targeting insider trading risks and protecting congressional integrity.
A bipartisan coalition of 41 state attorneys general has filed a forceful challenge demanding the CFTC confirm it lacks jurisdiction over sports prediction markets regulation, defending state authority.
Odds for the Digital Asset Market Clarity Act securing presidential signature in 2026 surged to 61% on prediction markets after Senators Tillis and Alsobrooks unveiled their bipartisan stablecoin yield compromise, unlocking fresh momentum for Senate passage.
In a landmark escalation, the CFTC filed a motion for preliminary injunction to halt NYAG criminal and civil actions against sports-event contracts, intensifying the high-stakes federal clash over regulatory authority.
A Nevada judge has slammed Kalshi with a sweeping preliminary injunction, forcing the platform to block all sports outcomes and entertainment contracts for state residents by May 4. The high-stakes ruling sends shockwaves through traders.
The CFTC filed a major lawsuit against Wisconsin today, asserting exclusive federal jurisdiction over event contracts and striking back against state efforts to impose gambling bans on regulated platforms.
New York Attorney General Letitia James has sued Coinbase Financial Markets and Gemini Titan, alleging their prediction market platforms function as unlicensed gambling operations in violation of state law.
Senator John Curtis is leading a bipartisan charge with the Prediction Markets Are Gambling Act, a bill that would classify sports betting-style contracts as gambling and restore state oversight.
In a tense Ninth Circuit hearing, Kalshi, Nadex, and Robinhood battled Nevada over CFTC exclusive jurisdiction on sports event contracts, with judges sharply questioning preemption of state gaming laws.
Minnesota lawmakers advanced a bipartisan bill that would ban sports prediction markets and pop culture event bets, targeting contracts on NBA games, MLB totals, and award shows with felony penalties.
