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.
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.
Australian regulators are monitoring US-based prediction market platforms that are hosting bets on Australian elections, Reserve Bank decisions, and specific words Prime Minister Anthony Albanese may say in Parliament.
Spain has moved to block access to prediction market platforms Polymarket and Kalshi while regulators investigate whether the companies have been operating in the country without the required gambling licenses.
Rhode Island Attorney General Peter F. Neronha sued prediction market operators Kalshi and Polymarket in state court on Thursday, alleging their sports event contracts violate state gambling laws because they function like traditional sports betting.
Kalshi has launched a new category of fine art trading, an important step in the evolution of prediction markets.
US-based online prediction sites are drawing attention for allowing users to speculate on the minutest details of Australian public life, from elections to the very words uttered by the country’s prime minister.
The newest Kalshi promo code HANDLE is perfect for New York Knicks vs. Cleveland Cavaliers Game 3 on Saturday, May 23, 2026 at 8 p.m. ET on ABC.
Survivor host Jeff Probst apologized for inadvertently revealing part of the season finale, spoiling the results for many fans. Kalshi's markets had effectively predicted the show's winner seven months prior.
Polymarket is preparing to launch parlays on its platform as it expands in the US.
Kalshi is offering a $10 sign-up bonus for Thunder vs. Spurs Game 3 on May 22, 2026. Use promo code HANDLE to claim the bonus after $10 in trades.
Rhode Island is the latest state to take legal action against prediction markets that offer sports event contracts that resemble state-sanctioned online sports wagers.
Kalshi’s legal team continues to have a heavy workload as the prediction market’s proceedings expand with new lawsuits in New Mexico and Kentucky.