Tag Archives: Markets

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

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

Illinois budget bill targets sports prediction markets with unique transaction tax

Illinois budget bill targets sports prediction markets with unique transaction tax Suswati Basu     Illinois lawmakers have signed off on a budget measure that would create what appears to be the first state tax aimed specifically at sports event contracts traded through prediction markets. The provision was included in the wider revenue package contained … Continue reading Illinois budget bill targets sports prediction markets with unique transaction tax

Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets

Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets Suswati Basu     Connecticut’s two federally recognized tribes are asking a federal judge to let them join the government’s legal fight over sports prediction markets, arguing the outcome could reshape gambling oversight and threaten a major stream of tribal income. The Mohegan … Continue reading Connecticut tribes seek to join federal lawsuit over controversial sports prediction markets

Kalshi launches political power index amid scrutiny over prediction markets

Kalshi launches political power index amid scrutiny over prediction markets Suswati Basu     Kalshi has rolled out a new political benchmark that tries to capture the balance of power between Democrats and Republicans in a single number. The product, called the Kalshi American Power Index, or KPOW, is now available on the company’s platform. … Continue reading Kalshi launches political power index amid scrutiny over prediction markets

Trump declares prediction markets patriotic while state regulators wonder if they’re gambling

Trump declares prediction markets patriotic while state regulators wonder if they’re gambling Suswati Basu     Trump just posted what may be the most aggressively pro-prediction-market presidential rant in modern American history — a sentence that somehow exists now. In a sprawling Truth Social post, President Donald Trump threw his full support behind prediction markets, … Continue reading Trump declares prediction markets patriotic while state regulators wonder if they’re gambling

CFTC defends prediction markets authority against mounting state gambling challenges

CFTC defends prediction markets authority against mounting state gambling challenges Suswati Basu     The Commodity Futures Trading Commission (CFTC) is pressing a federal appeals court to reaffirm that prediction markets fall under federal supervision instead of state gambling enforcement. In a brief filed Tuesday (May 12) with the U.S. Court of Appeals for the … Continue reading CFTC defends prediction markets authority against mounting state gambling challenges

Better Markets urges courts to let states regulate prediction markets, not CFTC

Better Markets urges courts to let states regulate prediction markets, not CFTC Paul McNally     A financial reform advocacy group is urging courts to keep oversight of gambling-style online markets at the state level, arguing that a federal commodities regulator lacks both the authority and capacity to manage them. Better Markets made its case … Continue reading Better Markets urges courts to let states regulate prediction markets, not CFTC

Minnesota advances controversial felony ban on prediction markets as scrutiny grows

Minnesota advances controversial felony ban on prediction markets as scrutiny grows Suswati Basu     Minnesota lawmakers are moving ahead with a proposal that would outlaw most prediction markets, pushing the issue further into the spotlight as similar debates unfold in other states. A key Senate panel this week signed off on Senate File 4511, … Continue reading Minnesota advances controversial felony ban on prediction markets as scrutiny grows

How do you self-exclude from prediction markets? Kalshi joins SelfExclude network

How do you self-exclude from prediction markets? Kalshi joins SelfExclude network Suswati Basu     A new scheme aimed at protecting consumers in the US has opened up amid the fast-growing world of prediction markets. Kalshi has become the first platform to fully plug into a shared self-exclusion network called SelfExclude, a system designed to … Continue reading How do you self-exclude from prediction markets? Kalshi joins SelfExclude network