CFTC Denied Preliminary Injunction in Wisconsin, Judge Says Case Makes
The Commodity Futures Trading Commission (CFTC) failed in its initial attempt to block Wisconsin’s efforts to shut down prediction market platforms in the state.
CFTC
George Santos Settles $35,000 Fine with CFTC Over Kalshi Probe
Former Congressman George Santos agreed to a fine of more than $35,000 to settle allegations that he illegally profited from gaming a Kalshi market on his attendance at the State of the Union this year, the Commodity Futures Trading Commission (CFTC) announced Friday.
Prediction Markets Suffer Legal Setbacks in New York & Wisconsin
Prediction markets suffered legal setbacks in two rulings this week as judges in Wisconsin and New York sided against the CFTC and Kalshi.
CFTC Issues 'Extraordinary' Order to Kalshi During Congressional
At a Congressional hearing, two former CFTC counsels discussed the commission's 'extraordinary' move of ordering Kalshi to defy a court ruling in Michigan.
Underdog Sports Launches Prediction Market on CFTC-Regulated Exchange
The fantasy sports operator Underdog Sports has completed its pivot to the prediction market sector, just months after laying off 20% of its staff and snapping up a derivatives clearing platform.
Underdog Launches Proprietary CFTC-Licensed Prediction Market Exchange
Underdog has launched its own federally licensed prediction market exchange, bringing trading in sports, culture, and other event contracts onto infrastructure owned and operated by the company.
CFTC Has Edge Over States in Prediction Markets Supreme Court Showdown
The battle for control of the prediction markets space is heading to the Supreme Court, say US lawyers, with some claiming the Commodity Futures Trading Commission (CFTC) may have a key advantage over the states.
Gensler Joins States in Prediction Markets Battles
The growing popularity of prediction markets is creating new opportunities in gaming and finance, but the vertical is causing friction for states and tribal communities in the U.S.
Novig Hires Ex-Kalshi and CFTC Official, Bragg Chair Resigns
The first half of the year is coming to a close for a U.S. commercial gaming industry that is undergoing constant change. Each week, SBC Americas highlights the latest workforce and organizational changes for some of the largest players in North American gaming.
California and Minnesota AGs Challenge CFTC on Prediction Markets
California and Minnesota attorneys general are challenging the Commodity Futures Trading Commission’s (CFTC) approach to regulating prediction markets, arguing the federal agency is not equipped to handle gambling-related harms such as addiction and social costs.
Kalshi Files Lawsuit Against Minnesota
Kalshi has joined the Commidity Futures Trading Commission (CFTC) in launching a formal complaint against the State of Minnesota over the latter’s signing into law a draft bill that would effectively prohibit and outlaw prediction markets starting on August 1, 2026.
CFTC Sues Rhode Island Over Prediction Market Dispute
The Commodity Futures Trading Commission (CFTC) is responding with a lawsuit to legal action levied against two prediction markets by Rhode Island’s attorney general.