44 results for “cftc”

Kalshi, Polymarket and Robinhood's new Rothera venue combined for more than $50 billion in trading volume in June, dwarfing the handle traditional US sportsbooks are projected to take across the entire World Cup. The tournament has become the clearest evidence yet that event contracts are competing with regulated betting, not sitting beside it.

Italy's customs and monopolies regulator has ordered internet providers to make Polymarket and hundreds of other sites unreachable, reasserting that a prediction market operating without an Italian concession is simply an unlicensed gambling operator. It is Polymarket's second Italian blackout in nine months.

A Manhattan federal judge has ruled that Kalshi's federal registration does not shield its sports contracts from New York gambling law, the prediction-market sector's most significant legal setback to date. The decision clears the way for state regulators and the Attorney General to pursue enforcement, and Kalshi has already appealed.

An Ingham County judge has granted a 14-day temporary restraining order barring prediction-market operator Kalshi from offering sports event contracts to anyone in Michigan, with noncompliance carrying a penalty of $120,000 per day. It is the latest state to treat the federally registered exchange as an unlicensed sportsbook.

Nevada's gaming regulator wants KalshiEX held in contempt, and hit with penalties of up to $120,000 a day, for letting people inside the state trade event contracts a court told it to block. The twist: federal judges have just ruled the opposite way, leaving the same product protected in one forum and prosecuted in another.

Polymarket has reportedly removed the waitlist on its US iOS app, opening its prediction-market exchange to general American users for the first time since 2022. The comeback rests on its $112 million QCEX acquisition and a CFTC no-action letter, and it sharpens an already intense rivalry with market leader Kalshi.

From MLB bribery charges to NBA match-fixing allegations, proposition betting's integrity problem has arrived in New York's legislature. A new task force bill signals the state is running out of patience with inaction.

Four years after being forced out of the American market, Polymarket is reportedly in discussions with the CFTC about a full domestic return. The timing could not be more politically charged.

From blacklisting 300 illegal sites to launching the first state-funded problem gambling treatment programme, Romania's ONJN has used its opening mandate year to signal it means business. The hard work of sustaining that momentum now begins.

The CFTC is no longer just defending prediction markets in court. It is now going on the offensive against the states trying to shut them down. New York is the latest target in a rapidly expanding federal legal campaign.

New York's Attorney General is calling prediction markets what she says they really are: illegal gambling. The lawsuits against two of crypto's biggest names mark a significant escalation in the state versus federal battle over who controls this fast-growing sector.

A platform that was paying CFTC fines and blocking US users just three years ago is now reportedly worth $15 billion. Polymarket's comeback is one of the most dramatic turnarounds in the prediction markets industry.

A congressional hearing has exposed deep uncertainty at the heart of American prediction markets regulation. When the CFTC chair cannot tell a prediction market contract apart from a sportsbook bet, the regulatory gap becomes impossible to ignore.

Washington's derivatives regulator has named the team that will help shape the future of prediction markets, cryptocurrency and AI regulation. The appointments signal where the CFTC's priorities lie.

From Robinhood's selective product choices to Europe's blanket bans, the prediction markets industry is facing a moment of reckoning over market integrity. The question is whether the sector can regulate itself before regulators do it for them.

Kalshi insists its products are financial instruments. State regulators insist they are bets. A Nevada judge has sided firmly with the regulators, and the fight is now playing out in courtrooms across the country.

Arizona Attorney General Kris Mayes has filed 20 criminal misdemeanour charges against prediction market platform Kalshi, alleging it operated an unlicensed gambling business and accepted bets on state elections in violation of Arizona law, marking the first criminal prosecution of a prediction market company by any US state.

The US Commodity Futures Trading Commission has issued binding staff guidance and opened a formal advance rulemaking process on prediction markets, signalling a decisive shift under Chairman Mike Selig as event contracts surge from five per year in 2006 to roughly 1,600 certified contracts in 2025.

Israeli police are investigating a large Polymarket wager that correctly predicted a United States strike on Iran on 28 February, amid concerns about possible insider knowledge and renewed scrutiny of how prediction platforms handle high risk geopolitical markets.

A Nevada federal judge has remanded disputes involving Kalshi and Polymarket back to state court, a shift that clears the way for Nevada regulators to pursue rapid orders that could restrict prediction market contracts offered to residents.