Tag Archives: CFTC

CFTC warning on ‘American odds’ puts sports prediction market pricing in the spotlight

CFTC warning on ‘American odds’ puts sports prediction market pricing in the spotlight Suswati Basu The Commodity Futures Trading Commission (CFTC) has warned companies offering event-contract derivatives that presenting prices in sportsbook-style “American odds” could mislead consumers, a move that could have significant implications for sports-focused prediction market products offered or distributed by … Continue reading CFTC warning on ‘American odds’ puts sports prediction market pricing in the spotlight →

CFTC steps in to shield Kalshi from New York shutdown attempt

Prediction Market Legal Battles

CFTC steps in to shield Kalshi from New York shutdown attempt Suswati Basu Kalshi can keep operating for now after the Commodity Futures Trading Commission (CFTC) invoked its emergency powers, warning that an effort by New York to restrict the prediction-market exchange could disrupt derivatives markets in the United States and internationally if … Continue reading CFTC steps in to shield Kalshi from New York shutdown attempt →

Novig launches nationwide sports prediction market after securing federal CFTC approval

Sports Betting

Novig launches nationwide sports prediction market after securing federal CFTC approval Suswati Basu Novig is taking its sports prediction market across the United States after the Commodity Futures Trading Commission approved the New York company as a Designated Contract Market. The designation puts Novig under a federal regulatory structure rather than the state-by-state … Continue reading Novig launches nationwide sports prediction market after securing federal CFTC approval →

Forty-four state attorneys general challenge CFTC sports prediction markets rule proposal

Sports Betting Regulations

Forty-four state attorneys general challenge CFTC sports prediction markets rule proposal Suswati Basu A coalition of 44 state attorneys general is pressing the Commodity Futures Trading Commission (CFTC) to abandon and rewrite its proposed prediction markets rule, saying the agency is trying to regulate sports betting without legal authority. The group argues the … Continue reading Forty-four state attorneys general challenge CFTC sports prediction markets rule proposal →

CFTC orders Kalshi to restore unwound Michigan prediction market trades

Prediction Market Legal

CFTC orders Kalshi to restore unwound Michigan prediction market trades Suswati Basu The Commodity Futures Trading Commission (CFTC) has directed Kalshi to complete pending trades that the prediction market operator had previously unwound after a Michigan state court order. The move leaves the company arguing it is now trapped between conflicting legal demands … Continue reading CFTC orders Kalshi to restore unwound Michigan prediction market trades →

CFTC sues Kentucky over prediction markets amid regulatory battle

Fast Food

CFTC sues Kentucky over prediction markets amid regulatory battle Suswati Basu The Commodity Futures Trading Commission (CFTC) has taken Kentucky to federal court, accusing the state of overstepping its authority in a growing dispute over prediction markets and event-based contracts. A lawsuit filed June 23 in the U.S. District Court for the Eastern … Continue reading CFTC sues Kentucky over prediction markets amid regulatory battle →

Not everything you can bet on is gambling, says CFTC in new prediction markets proposal

Gambling Regulations

Not everything you can bet on is gambling, says CFTC in new prediction markets proposal Suswati Basu A new proposal from the Commodity Futures Trading Commission (CFTC) is setting the stage for what could become one of the prediction market industry’s favorite recurring traditions, i.e., arguing with regulators. The agency has released a … Continue reading Not everything you can bet on is gambling, says CFTC in new prediction markets proposal →

ProphetX secures CFTC approval to launch regulated sports prediction exchange

Sports Betting Regulations

ProphetX secures CFTC approval to launch regulated sports prediction exchange Suswati Basu ProphetX has received approval from the Commodity Futures Trading Commission to operate as a federally regulated sports-focused exchange in the United States. The New York-based company said the regulator approved its applications to register as both a Designated Contract Market (DCM) … Continue reading ProphetX secures CFTC approval to launch regulated sports prediction exchange →

CFTC moves into Rhode Island fight over prediction market authority

Prediction Market

CFTC moves into Rhode Island fight over prediction market authority Suswati Basu Federal regulators are stepping into an escalating court battle over prediction markets, backing Kalshi’s challenge to Rhode Island’s attempt to block sports-related event contracts. On Thursday (May 28), the Commodity Futures Trading Commission and the United States asked to intervene in … Continue reading CFTC moves into Rhode Island fight over prediction market authority →

CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy

Bitcoin

CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy Suswati Basu The Commodity Futures Trading Commission (CFTC) and Gemini Trust Company are now jointly asking a federal court to unwind key parts of a 2025 consent order tied to a yearslong enforcement fight over Bitcoin futures products. A filing submitted Wednesday (May … Continue reading CFTC retreats from Gemini Bitcoin futures enforcement case amid controversy →