US Commodity Futures Trading Commission

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