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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.
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Novig codifies a 21+ trading floor in its rulebook
The prediction-market exchange says its new framework builds age checks, self-exclusion, marketing limits and risk monitoring into the platform’s operating rules.
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CFTC puts prediction markets at centre of first advisory meeting
The Aug. 20 agenda pairs a prediction-markets panel with sessions on crypto and artificial intelligence, while opening comments to the public through Aug. 27.
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White House plans Aug. 19 crypto and prediction-market meeting
The tentative session comes a day before the CFTC opens its new advisory panel, as states widen their legal fight over event contracts and Congress keeps debating digital-asset rules.
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CFTC warns prediction-market incentive filings are often deficient
The agency said incomplete submissions can block review of whether platforms have given proper notice and checked compliance, while some reward structures may invite manipulation.
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Kalshi seeks $40 billion funding as revenue tops $4 billion
The prediction-market exchange is reportedly courting new investors after a sharp rise in trading and a July revenue run-rate that more than doubled in two months.
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Federal judge lets Utah enforce ban on Kalshi
Judge Robert Shelby said federal commodities law does not block the state’s sports gambling restrictions, and Kalshi said it will appeal.
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Nine senators press the CFTC to rein in wildfire bets
The lawmakers warned that prediction markets on fires could encourage arson, profit from disaster and raise public-safety risks, and they asked for answers by 14 August.
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Polymarket seeks more than $20 billion valuation as revenue surges
The prediction-market platform has seen trading volumes and annualised revenue climb after opening its U.S. exchange.
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New York sues Kalshi as illegal gambling case widens
The state says the prediction-market firm operated without a gaming licence, let in 18- to 20-year-olds and dodged taxes meant to support public services.
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ProphetX raises $35 million after CFTC approval
The company said the money will deepen liquidity, expand its B2B platform and build on a nationwide launch in federally regulated sports prediction markets.
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Judge blocks Minnesota’s prediction market ban
Katherine Menendez said the challengers were likely to succeed on pre-emption claims, keeping Kalshi and Polymarket US live in the state for now.