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Supreme Court leaves sports prediction-market petitions pending
The justices’ first orders list granted three unrelated cases, while responses in the New Jersey and Nevada disputes are still due this month and next.
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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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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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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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Tema launches first prediction-market ETF
The actively managed fund buys public stocks and private stakes in Kalshi and Polymarket, while steering clear of event contracts and charging 0.75% a year.
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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.