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Casino
June 11, 2025
Senators Press Quintenz on Prediction Markets at CFTC Hearing
Brian Quintenz’s Senate hearing to become CFTC Chair kicked off heated discussions this week, with tribal gaming rights and the future of sports event contracts taking center stage. Senators used the meeting not just to evaluate Quintenz’s qualifications but also to question him about how the agency under his watch would deal with disputed prediction […]
Blockchain
May 28, 2025
Crypto Lobbyist and Kalshi Board Member Nominated to Head CFTC
Brian Quintenz has been tapped to be the new boss of the US Commodity Futures Trading Commission. A crypto lobbyist, Quintenz is also on the board of directors of Kalshi Inc., one of the companies he will have to regulate should he be cleared for the job at the CFTC. Trump Nominates Crypto Lobbyist for […]
Industry
May 6, 2025
CFTC Backs Down on Appeal in Political Betting Case Against Kalshi
The Commodity Futures Trading Commission (CFTC) has decided to withdraw its appeal in federal court related to a case against Kalshi. The prediction market remains embroiled in proceedings and legal challenges as the future of such products has been somewhat hazy. However, the CFTC’s latest decision suggests that prediction markets might be here to stay. […]
Industry
May 2, 2025
NBA Petitions CFTC for More Regulation on Sports Prediction Markets
The NBA has expressed concerns about their possible effects of sports prediction markets on the integrity of the game and proposed that the Commodity Futures Trading Commission (CFTC) introduce a specific regulatory framework. NBA Addresses CFTC Over Sports Prediction Markets In a letter addressed to acting chairman Caroline D. Pham of the Commodity Futures Trading […]
Sports
May 2, 2025
Sporttrade Aims for Historical Hybrid Status from CFTC
A new push by state-licensed sports betting platform Sporttrade could shake up how prediction markets are regulated in the U.S. Chief executive officer Alex Kane has formally asked the Commodity Futures Trading Commission (CFTC) for permission to operate across all 50 states. The important move would place Sporttrade alongside federally regulated platforms like Kalshi, Robinhood, […]
Business
April 18, 2025
DraftKings Withdraws Application to Enter Prediction Market Space
In a surprise twist in the shifting prediction markets landscape, DraftKings Inc. has withdrawn its application to become a member of the National Futures Association (NFA), halting, or at least delaying, the company’s planned entry into the rapidly growing sports-based event contract space. This move comes just days before the highly anticipated Commodity Futures Trading […]
Legal
April 17, 2025
CFTC’s Upcoming Roundtable on Prediction Markets Sparks Industry-Wide Debate
The Commodity Futures Trading Commission (CFTC) will soon host its April 30 roundtable, an event that could shape the future of US prediction markets. With sports-based contracts facing rising regulatory scrutiny, the upcoming session is already generating heated debates across the gaming and financial sectors. Meanwhile, leading prediction platforms continue offering their services across several […]
Industry
April 16, 2025
Tennessee SWC Asks CFTC to Ban Sports Event Contracts
The Tennessee Sports Wagering Council (SWC) has made its stance clear to federal regulators: it does not want to see financial trading platforms offering sports-based event contracts within the state. The CFTC, Urged to “Not Permit” Sports Event Contracts In a formal letter sent to the Commodity Futures Trading Commission (CFTC), the council urged the […]
Industry
April 8, 2025
Kalshi Unfazed by Cease-and-Desist Orders in Five States
Kalshi has no plans to back down despite the strong pushback in several states. In an interview with TechCrunch, the prediction market platform’s founder, Tarek Mansour said that he isn’t very concerned about the cease-and-desist orders his team has received. Kalshi’s Leaders Are Not Concerned Kalshi offers contracts on the outcomes of sports – a […]
Legal
March 3, 2025
MGM and FTC Close to Settling Dispute Over 2023 Cyberattack Probe
The Federal Trade Commission (FTC) and MGM Resorts International are on the verge of settling a disagreement about the big cyberattack that hit the company in September 2023. The attack cost about $100 million in damages and messed up MGM’s resort operations for more than a week. The FTC had been looking into this incident. […]
