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Cboe and Robinhood target October launch for KPI binary options
The SEC-regulated contracts would let investors trade on whether company metrics meet earnings-related thresholds
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Bloomberg video examines prediction markets’ challenge to sportsbooks
Romaine Bostick’s two-minute segment brought betting and trading executives into a widening debate over sports contracts and federal oversight.
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Tunica-Biloxi launches SaltTrade, a tribal-owned prediction-market app powered by Kalshi
The Louisiana tribe says the venture advances economic self-determination, but tribal gaming groups say it lends support to a contested sports-event-contract model.
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Illinois legislator seeks repeal of new prediction-market sports tax
HB 5811 would remove Illinois’s levy on sports-related exchange wagers less than three months after it took effect.
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Missouri orders six prediction markets to halt sports event contracts
Attorney General Catherine Hanaway says the platforms are operating unlicensed sports wagering and must secure state licences or stop serving Missourians.
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Ninth Circuit says Kalshi sports contracts on tribal lands are likely illegal gaming
Appeals panel sent the tribes’ injunction request back for further review, while leaving intact the dismissal of their false-advertising claim.
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Underdog sues Connecticut over sports prediction-market orders
The company says federal commodities law pre-empts state gambling enforcement, while Connecticut says sports betting requires a state licence.
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Connecticut orders nine prediction platforms to halt sports contracts
State officials say the firms were offering unlicensed sports event contracts and must stop advertising, promoting and making them available to residents.
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Michigan pauses Robinhood’s new sports event contracts
The state says the company will stop taking new sports-related positions by the end of Wednesday and unwind existing ones by Oct. 9, while the wider fight over prediction markets continues.
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CFTC moves to codify prediction-market rules as debate over manipulation intensifies
At its first innovation meeting, the agency sketched a three-part rulemaking agenda while industry figures argued over self-certification, consumer safeguards and whether some contracts are too easy to game.
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Brazil orders blocks on Polymarket, Kalshi and 25 prediction platforms
The finance ministry said only contracts tied to economic benchmarks such as inflation and exchange rates may remain under financial-market rules, while sports and politics are out.
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Connecticut judge lets state keep pressing Kalshi over sports contracts
Judge Vernon D. Oliver said Kalshi’s sports-event contracts do not qualify as swaps, clearing the way for state regulators to keep pursuing enforcement.