Nevada says Kalshi's reliance on a new North Carolina prediction-market tax undercuts its own federal preemption case before the Ninth Circuit.
prediction markets
Kalshi loses more court rounds in Connecticut and Washington as the CFTC unveils a regulatory roadmap for event contracts.
Better Markets' Amanda Fischer says the Clarity Act lacks Senate votes and that states, tribes will prevail against CFTC-backed prediction markets.
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.
ADI Predictstreet denied royal family links, but corporate filings tie it to IHC, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, an investigation found.
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.