-
Nevada urges Ninth Circuit to reject Kalshi’s CFTC-rulemaking delay
The state says a potential rewrite of the event-contract rule cannot undo the panel’s conclusion that Kalshi’s sports contracts are bets, not swaps.
-
Illinois judge blocks key sports-wagering rules for Kalshi title-game contracts
The preliminary order finds certain championship-outcome contracts likely qualify as federally regulated swaps, but leaves Illinois’s new transaction fees for later review.
-
Sixth Circuit lets Ohio and Tennessee enforce gambling laws against Kalshi
Unanimous panel finds Kalshi’s sports contracts were not shown to be swaps under the federal commodities statute
-
Montana pauses Kalshi enforcement while Ninth Circuit rehearing petition is pending
The state will not pursue investigations or cease-and-desist action against the prediction-market operator during a defined review period, but the agreement leaves the legal dispute unresolved.
-
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.
-
New York judge weighs whether federal law shields prediction markets from state gambling rules
Judge Lorna G. Schofield heard competing claims that event contracts are federally regulated derivatives or unlawful sports wagers under state law.
-
Texas Senate hearing sharpens clash over Kalshi’s sports prediction contracts
Lawmakers heard competing calls for state enforcement and federal deference ahead of the next legislative session.
-
10th Circuit lets Utah keep enforcing gambling laws against Kalshi
The appeals court declined to pause state action while Kalshi challenges a ruling that federal law does not preempt Utah’s gambling ban.
-
CFTC seeks to dismiss CME's Kalshi lawsuit over bitcoin perpetual futures
The regulator says CME lacks standing and argues the court does not need to decide whether perpetual crypto contracts belong in the swaps or futures bucket.
-
Van Dyke fights CFTC bid to weigh in on Polymarket case
The regulator wants to tell a Manhattan judge why prediction-market contracts may count as swaps, but the accused soldier says it is no neutral bystander.
-
CFTC warns prediction markets against American odds
The agency said bookmaker-style pricing can mislead consumers and hide market depth, and it ordered firms to confirm receipt by Aug. 31.