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Industry
September 9, 2025
PredictIt Gains CFTC Approval to Run Regulated Exchange
The Commodity Futures Trading Commission approved PredictIt to act as a regulated derivatives exchange and clearinghouse. This step ends years of regulatory challenges and shifts the platform into a new phase. PredictIt Earns Dual Licenses, Opening Doors to Grow Political Markets PredictIt known for letting users trade contracts tied to political results, will work within […]
Sports
September 5, 2025
Outgoing Commissioner Johnson, “Deeply Disappointed” by Prediction Markets
Kristin N. Johnson, who is stepping down from her role as Commissioner at the Commodity Futures Trading Commission (CFTC) after completing her full term, used her final public remarks to issue a stark warning about the rise of prediction markets. “We Have Too Few Guardrails” Speaking Wednesday at the Brookings Institution, Johnson explained that she […]
Sports
August 19, 2025
Kalshi Expands Offerings Before Football Season Kicks Off
Kalshi, a prediction exchange with federal oversight, is broadening its range of products just as the football season is about to begin. The New York-based company made an announcement on Monday that it has approved a new set of sports contracts. These include point spreads, over/unders, and touchdown props, options that people link to regular […]
Industry
August 5, 2025
Rep. Titus Urges CFTC Probe Into Trump Nominee Quintenz Over Kalshi Ties
US Representative Dina Titus has called on the Commodity Futures Trading Commission (CFTC) to investigate nomenee Brian Quintenz due to his connections with Kalshi. Quintenz, who is supposed to replace the current CFTC Chair Caroline Pham, is President Donald Trump’s nominee to lead the agency. Rep. Titus Asks CFCT to Show Quintenz Communications Titus requested […]
Sports
July 31, 2025
Emails Spark Delay in CFTC Nominee Quintenz’s Vote
A batch of internal emails tied to Brian Quintenz, President Donald Trump’s nominee to lead the Commodity Futures Trading Commission (CFTC), is drawing fresh scrutiny in Washington just as his confirmation process hits repeated delays. Private Briefing Request The messages, first made public by the Substack newsletter The Closing Line, include communication between Kevin Webb, […]
Industry
July 22, 2025
Brian Quintenz’s Ascension to CFTC Chair Hits Unexpected Delay
Brian Quintenz’s nomination as the head of the Commodity Futures Trading Commission (CFTC) has been abruptly delayed, after a scheduled vote by the Senate Agriculture Committee got postponed at the last minute on Monday. Quintenz is the clear favorite to take the reins during a tumultuous period as prediction markets like Kalshi face rising pushback […]
Sports
July 14, 2025
Blanche Lincoln Warns States Risk CFTC Authority on Markets
Former U.S. Senator Blanche Lincoln, the former Senate Agriculture Committee chair who helped craft the Dodd-Frank Wall Street Reform and Consumer Protection Act regulating swaps, is now warning that the regulatory framework she helped design is “under threat”, this time, from states trying to block prediction markets. “We Should Not Open Up Our Regulatory Structure […]
Industry
June 24, 2025
Tribal Leaders Push Back Hard Against Kalshi
US tribal leaders remain strongly opposed to Kalshi’s sports prediction markets, refuting the platform’s assertions that it maintains constructive dialogue with tribal nations. They decried Kalshi’s attempts at communication as dismissive and disingenuous, remaining adamant that Kalshi’s offerings represent illegal gaming that threatens regulated operators and erodes tribal gaming rights. The Rift Between Kalshi and […]
Business
June 23, 2025
Railbird Enters the US Prediction Market with CFTC Approval
Startup prediction platform Railbird Exchange LLC officially received approval from the US Commodity Futures Trading Commission (CFTC) to run as a designated contract market (DCM). This development positions the company to make a dynamic entry into the expanding event-based futures trading space. However, rising backlash from the gambling sector and state regulators could dampen its […]
Industry
June 18, 2025
States, Tribes, and Industry Groups Join NJ in Legal Dispute Against Kalshi
Groups filing amicus briefs against prediction markets giant Kalshi continue to grow in number as 34 state attorneys general, several tribes, the American Gaming Association (AGA), and more side with the state of New Jersey. New Actors Join New Jersey in Legal Dispute Against Kalshi The legal dispute started when Kalshi filed a lawsuit in […]
