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Legal & RegulatoryFinancial+ 5 more
IG Group-Underdog: How does mega merger impact UK investment, Kalshi & FanDuel?
Global Gaming Insider’s Will Underwood and Kirk Geller break down both sides of the IG Group-Underdog transaction, including what it means for the future of prediction market growth.
7 min read • Jul 31 • By Kirk Geller
Legal & RegulatoryOnline+ 2 more
Wisconsin Federal Court denies CFTC’s motion for preliminary injunction
The loss comes just days after a federal judge in Minnesota approved the CFTC’s request to block the state’s ban on prediction markets, which was set to go into effect on August 1.
1 min read • Jul 29 • By Kirk Geller
Legal & RegulatoryOnline+ 2 more
Minnesota judge approves CFTC request to block state’s ban on prediction markets
Governor Tim Walz signed a bill to prohibit prediction markets after the legislation was approved by the Minnesota government in May, having been set to go into effect by August 1.
1 min read • Jul 27 • By Kirk Geller
Legal & RegulatoryCSR+ 2 more
NFL sends letter to CFTC, believes new draft rules fall ‘significantly short’ of betting integrity
The CFTC proposed amendments to its event contract derivatives rules on June 12, providing its first-ever definition of gaming and opening a 45-day public commentary period.
2 min read • Jul 27 • By Kirk Geller
FinancialMergers & Acquisition+ 4 more
Fanatics acquires CFTC-registered Water Street Labs and CX Clearinghouse from BGC
The operator will also partner with BGC to enable the development of new client data products which combine prediction market sentiment with traditional financial market data.
2 min read • Jul 27 • By Kirk Geller
Legal & RegulatorySports Betting+ 1 more
Review: What did we learn from Netflix's Prediction Games documentary?
Streaming giant does not hide away from the dark side of prediction markets in all-encompassing 37-minute Instadoc. But will that ultimately hurt Kalshi and Polymarket, or boost their popularity even further?
5 min read • Jul 27 • By Tim Poole
Legal & RegulatoryOnline+ 1 more
Bipartisan House bill targets sports contracts on prediction markets
The legislation would preserve CFTC oversight of hedging products while placing sports and casino-style contracts under state and tribal gaming authority.
2 min read • Jul 24 • By Shaan Khan
Legal & RegulatoryOnline+ 2 more
Netflix's new Instadoc puts prediction markets under the microscope
Netflix's new quick-turn documentary shines a light on the booming prediction markets industry – and has already found itself at the centre of a dispute over one of its own trailers.
5 min read • Jul 24 • By Jack Found
Legal & RegulatoryLand Based+ 4 more
IGA Chairman to address ‘significant’ prediction market concerns at congressional hearing
Chairman Bean will testify before the US House Committee on Agriculture’s Subcommittee on Commodity Markets, Digital Assets and Rural Development in Washington DC.
1 min read • Jul 16 • By Kirk Geller
Legal & RegulatoryFinancial+ 3 more
CFTC investigating White House teleprompter operator for insider trading
Technical assistant Gabriel Perez allegedly won over $100,000 on Kalshi by trading event contracts related to whether specific words, phrases or topics would be said during a public speech.
2 min read • Jul 16 • By Kirk Geller
Legal & RegulatoryFinancial+ 2 more
Kalshi submits filing to allow for expanded trades on flight delays, cancellations
Users of the prediction markets operator are currently allowed to trade event contracts related to the number of flight delays and cancellations at specific airports located in the US.
1 min read • Jul 15 • By Kirk Geller
Legal & RegulatoryOnline+ 2 more
CFTC denies Kalshi’s attempt to cancel Michigan trades following temporary restraining order
Kalshi representatives have stated the operator is reviewing the CFTC’s order and continues to consider its next plan of action, while regulators in Michigan are yet to comment on the matter.
2 min read • Jul 15 • By Kirk Geller
Legal & RegulatoryFinancial+ 3 more
So it begins: Is North Carolina’s CFTC ruling a sign of things to come?
The Tar Heel state brought an end to its prediction market debate this week, granting the CFTC ‘exclusive’ regulatory authority in exchange for a 6% tax on trading revenues.
4 min read • Jul 10 • By Will Underwood
Legal & RegulatorySports Betting+ 2 more
Arizona Governor issues executive order regarding potential insider trading
The executive order states all Arizona executive branch employees are prohibited from using nonpublic information to either personally or assist others in profiting off prediction markets.
1 min read • Jul 9 • By Kirk Geller
Legal & RegulatoryAppointments+ 3 more
Former CFTC Commissioner Brian Quintenz joins Coalition for Prediction Markets as Senior Advisor
Quintenz served as Commissioner of the CFTC from August 2017 to September 2021 and currently maintains a position on Kalshi’s Board of Directors along with the new appointment.
1 min read • Jul 9 • By Kirk Geller
Legal & RegulatoryFinancial+ 2 more
North Carolina recognizes CFTC’s ‘exclusive’ authority over prediction markets
A provision included within North Carolina’s state budget, which was officially signed on July 7, enforces a 6% tax on the net trading revenue of federally regulated prediction market operators.
2 min read • Jul 7 • By Kirk Geller
Legal & RegulatoryOnline+ 2 more
Senators seek CFTC probe into Polymarket advertising claims
The request follows reporting that creators were paid to promote staged prediction-market trades on social media.
2 min read • Jun 29 • By Shaan Khan
Responsible GamblingLegal & Regulatory+ 3 more
Kalshi planning 2027/2028 IPO: Everything you need to know
CEO Tarek Mansour confirmed the operator is in the ‘early stages’ of planning an IPO and addressed concerns over whether Kalshi would have to resolve potential insider trading efforts.
7 min read • Jun 25 • By Kirk Geller
Legal & RegulatorySports Betting+ 1 more
CFTC files lawsuit against Kentucky lawmakers to halt anti-prediction market efforts
Kentucky AG Russell Coleman previously sued Kalshi, Polymarket and VGW, accusing each of operating unlicensed sportsbooks under the guise of ‘event contracts’ which violate state laws.
1 min read • Jun 24 • By Kirk Geller
Legal & RegulatoryFinancial+ 2 more
Polymarket accused of paying influencers to promote fabricated trades, winnings
In a statement issued by a Polymarket spokesperson, the operator said it will begin conducting a ‘comprehensive audit of active promotional content’ to ensure regulatory compliance.
1 min read • Jun 23 • By Kirk Geller
Legal & RegulatoryCasino+ 3 more
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.
2 min read • Jun 17 • By Kirk Geller
Legal & RegulatoryOnline+ 1 more
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.
2 min read • Jun 16 • By Kirk Geller
Legal & RegulatorySports Betting+ 1 more
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.
2 min read • Jun 12 • By Kirk Geller
Legal & RegulatoryOnline+ 4 more
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.
2 min read • Jun 10 • By Kirk Geller
Legal & RegulatorySports Betting+ 2 more
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.
2 min read • Jun 9 • By Kirk Geller
Legal & RegulatorySports Betting+ 1 more
Polymarket sues Minnesota Governor, AG following state’s ban on prediction markets
Both the CFTC and Kalshi have also filed lawsuits against the Minnesota lawmakers, while Polymarket alleges the ban is preempted by federal law and violates the First Amendment.
2 min read • Jun 4 • By Kirk Geller
Legal & RegulatorySports Betting+ 1 more
CFTC motions to intervene in Rhode Island lawsuit against Kalshi and Polymarket
The Commission stated it has ‘clear and longstanding’ authority to regulate event contracts, previously intervening with cases in Arizona, Connecticut, Illinois, New York and Minnesota.
2 min read • May 29 • By Kirk Geller
Legal & RegulatoryOnline+ 1 more
Donald Trump promotes CFTC authority, labelling opposers as ‘scum’
The US President posted on Truth Social expressing the importance of the CFTC’s authority over prediction markets and ensure they still “thrive.”
2 min read • May 27 • By Will Underwood
Legal & RegulatoryPartnerships+ 2 more
NHL, CFTC sign MOU to ‘protect the integrity’ of professional hockey
Polymarket and Kalshi were named official prediction market partners of the NHL during October 2025, giving both the right to use NHL branding across their platform and products.
2 min read • May 21 • By Kirk Geller
OnlineSports Betting+ 1 more
Betr buys broker to advance CFTC-regulated prediction markets plan
The deal gives Betr introducing broker status as US prediction markets face state-level legal challenges and scrutiny from gaming stakeholders.
2 min read • May 21 • By Shaan Khan
