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Multiple organizations seek anti-prediction market language in crypto legislation
The AGA, AGEM and IGA were among the entities who delivered a letter to US Senators, requesting language which prohibits event contracts tied to sports and casino-style gaming.
CFTC designates Novig as DCM, provides authorization for prediction market offering
As a result of the CFTC designation, Novig will be able to operate across all 50 states and implement safeguards such as market surveillance and protections against insider activity.
CFTC files lawsuit in New Mexico following state’s legal action against Kalshi
New Mexico legislators filed a lawsuit in state court against CFTC-registrant Kalshi on June 5, alleging the operator’s prediction market offerings amount to unlawful online sports betting.
AGA describes CFTC’s prediction market regulations as ‘mockery’ of legal intent
President & CEO Bill Miller responded to the Commission’s proposed regulations on June 10, which also opened a 45-day public commentary period for potential amendments to the notice.
US Senator describes CFTC, prediction market predicament as ‘recipe for disaster’
Massachusetts Senator Elizabeth Warren issued a letter to CFTC Chairman Michael Selig, requesting a record of communications between the Commission and prediction market entities.