The CFTC permits prediction markets to offer sports event contracts, but recent moves signal the agency wants PMs to avoid quacking like sportsbooks.
CFTC warns sportsbook-style prediction markets that American odds may mislead consumers while regulatory scrutiny continues.
The federal regulator of prediction markets is reminding its licensees that there are no sure things in life, including in the business of sports event contracts.
The U.S. regulator of platforms such as Kalshi and Polymarket suggests the industry is getting into bad compliance habits that may allow for market abuse.
CFTC targets prediction markets' volume-based incentives over wash trading risks. Exchanges face stricter self-certification ...
The federal government’s approach to regulating prediction markets is beginning to take shape, and companies – particularly those in life sciences ...
Last month, New York State sued Kalshi, a federally regulated financial exchange, for $36 billion, calling it an “illegal gambling operation.” ...
The agency that polices the industry does not have the staffing, the legal tools or the will to broadly crack down on wagers ...
The CFTC is exercising emergency authority to order KalshiEX to continue operating its prediction market platform across the country following New York's lawsuit seeking a nationwide shutdown and over ...
Baltimore authorities filed a lawsuit arguing against the CFTC’s authority over prediction market companies, in another legal action challenging claims by the federal regulator.
The Kalshi promo code CBSSPORTS now gives new users up to $500 in trading bonus credits after $25 in trades. The Chicago ...
Twenty-three states have laws banning betting on elections, according to Pew Research. Not every state is sure these rules apply to prediction market trades.