Nevada says Kalshi's reliance on a new North Carolina prediction-market tax undercuts its own federal preemption case before the Ninth Circuit.
Kalshi
Kalshi loses more court rounds in Connecticut and Washington as the CFTC unveils a regulatory roadmap for event contracts.
No-deposit prediction platform SafeBets wants sports and politics fans to fuel growth, then mine top forecasters for financial-market trading signals.
CME Group's Terry Duffy sparred with Kalshi's co-founder at a CFTC hearing as horse racing's watchdog charged a respected handicapper with insider trading.
A new Gallup survey finds gambling participation down sharply since 2016, but researchers say phone polling may be missing sports betting and prediction-market activity.
The CFTC-regulated sports exchange topped $125M in its debut week while fighting New York, Massachusetts and three other states over gambling law claims.
A Connecticut judge denied Kalshi's injunction bid, questioning CFTC power, as new geofencing deadlines and a White House meeting loom this week.
HB 2711 would add consumer safeguards for sports event contracts in Pennsylvania, but skips licensing or taxation as Kalshi fights states in court.
Kalshi lost in Connecticut and Washington state courts this week as the CFTC took the unusual step of ordering it to keep operating in New York.
Baltimore alleges Kalshi, Polymarket and partner apps ran unlicensed sports wagering, deepening North America's prediction-market legal fight.