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Kalshi is establishing new limits for 18 to 20-year-olds, meanwhile Polymarket is closely monitoring the US midterms for possible insider trading.
The reported inquiry is examining historic controls on Polymarket's offshore platform, US advertising and safeguards on its separate domestic exchange.
The former NBA player – along with fellow NBA veteran Ed Davis – was originally indicted on illegal sports gambling charges in June, having spent time with six franchises over a nine-year career.
Forthcoming event contracts will settle against official index values, while the firms explore indices built from Kalshi market data.
Jeffers replaces Heather Maurer amid scrutiny of the council's Kalshi ties, with a permanent search set for January 2027.
The federal filing seeks to stop state investigations and enforcement against regulated event contracts while Kalshi's earlier Utah appeal continues.
According to the New York gaming regulator, information related to the subpoena requests will be used to determine whether the NYSGC should issue civil penalties against Kalshi.
The agency's Chairman, Michael Selig, claims the CFTC is actively monitoring prediction markets for possible market manipulation.
The league follows the NHL and MLB into the sector after holding off until it considered the regulatory framework to be in place.
Kalshi and Polymarket favored Flávio Bolsonaro before counting began, but their prices shifted toward Lula as votes were tallied. Brazil’s president won despite entering election day as an underdog on both platforms.
