CFTC probes mention markets as Kalshi pulls sports bets
The Commodity Futures Trading Commission is reviewing prediction market “mention markets” over concerns that contracts tied to specific spoken words may be unusually easy to...
Tag : sports
City of Baltimore goes after prediction markets for sports betting
The City of Baltimore and its mayor, Brendan Scott, filed lawsuits against Kalshi and Polymarket over allegations that the companies violated local gambling laws. In...
Kalshi launches sports and crypto perps data feed on DoubleZero
Prediction market Kalshi’s live order book is now available through data provider DoubleZero Edge’s dedicated fiber network, the two companies said in a Wednesday announcement...
Coinbase loses Michigan bid over sports prediction markets
Coinbase Financial Markets lost its bid for preliminary relief in Michigan on Aug. 6 after U.S. District Judge Shalina Kumar refused to block state officials...
Massachusetts AG files amended lawsuit against Kalshi over sports betting after court ruling
Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over sports...
Kalshi Sports Markets Banned in Michigan as Temporary Blackout Takes Effect
In brief A Michigan judge barred Kalshi from offering sports prediction markets in the state for 14 days. The court said the markets could cause...
Michigan judge blocks Kalshi from allowing residents to place sports bets
A Michigan judge temporarily blocked prediction market Kalshi from allowing residents to place bets on sporting events, after the state’s attorney general accused the platform...
Kalshi blasts Illinois sports betting law with fresh lawsuit
Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses...
Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s bid...
Casinos, Tribes, and Unions Urge Senate to Ban Sports Betting From the Clarity Act
A coalition of more than 50 gaming associations, tribal governments, and labor unions submitted a letter to the Senate on June 16, demanding that the...