A CFTC mandate pushed ProphetX, Novig and Kalshi to swap familiar plus/minus odds for percentages, sparking trader backlash south of the border.
Novig
The NFL wants 21+ standards and manipulation safeguards before any official prediction-market deal, as Novig and rivals jostle for football fans.
Connecticut sues Kalshi over sports contracts, a Montana judge revives a stalled case, and rivals push into MLB deals and new U.S. markets.
Kalshi loses more court rounds in Connecticut and Washington as the CFTC unveils a regulatory roadmap for event contracts.
The CFTC-regulated sports exchange topped $125M in its debut week while fighting New York, Massachusetts and three other states over gambling law claims.