Fliff and Onyx Odds have filed to become federally regulated futures brokers, the latest sign sweepstakes operators are eyeing prediction markets.
Regulation
Gambling firms, the Seminole Tribe and Kalshi have given over $12M to Florida politics, mostly to GOP hopeful Byron Donalds.
US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.
Three members of Congress want MLB and its players' union to end VIP sportsbook promotions after a personalized Bryce Harper video reached a bettor with major losses.
Railbird Exchange, DraftKings' DKeX platform, has filed nine NFL and college football contracts with U.S. regulators ahead of kickoff.