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AG Jennifer Davenport requested the Supreme Court overturn a court ruling issued in April, which found that the CFTC has exclusive jurisdiction over sports-related event contract trading.
Attorney General Dana Nessel was originally granted a preliminary injunction against the prediction market on June 29, prior to the CFTC blocking the resulting action in July.
Fanatics has unified its three gambling products into one platform, tying wagers, casino play and event contract trades to a company-wide loyalty currency.
Kalshi confirmed plans to integrate real-time market data into US Open coverage, extending its partnership portfolio following new collaborations with The Weather Company and MLB franchises.
Republican House candidate Laurie Buckhout cooperated with Kalshi’s inquiry, as confirmed by the operator, and even issued her own public statement admitting to the trades.
A King County Superior Court Judge originally ordered Kalshi to restrict a substantial part of its prediction market offering in Washington on August 14, ruling in favor of state regulators.
Santos originally became the subject of an insider trading investigation in June 2026, having also been fined $71,356 by Kalshi following a review from the operator’s compliance team.
With frustration around early player exits mounting from bettors, sportsbook operators both in the US and UK have introduced new means of protection for those stung by the injury bug.
The operator will also donate $50,000 to Disabled American Veterans, a non-profit organization which provides lifetime support to veterans, their families, caregivers and survivors.
The case comes amid growing concerns over manipulation risks in prediction markets, particularly contracts tied to speeches and earnings calls.
