Tag: prediction markets
CFTC Draws Line Between Prediction Markets and Gambling
The CFTC proposes two rules to clarify that event contracts are federal derivatives, not state-regulated gambling, setting up a potential Supreme Court showdown.
New York AG Seeks $36B From Kalshi in CFTC Turf War Over Prediction Markets
New York demands Kalshi shut down as CFTC battles states over authority to regulate event contracts and prediction markets.
Trump Reverses Course on Prediction Markets Within Days
US President softens stance on betting platforms after initial criticism, citing international competition and smart investors backing the sector.