CFTC and SEC sign memorandum of understanding
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have signed an agreement aimed at improving regulatory coordination across US financial markets.
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) have signed an agreement aimed at improving regulatory coordination across US financial markets.
The proposed “Death Bets” act would prohibit event contracts linked to terrorism, assassinations and armed conflict on exchanges regulated by the CFTC.
Judge Paul Maloney believed ruling in favor of Polymarket would ‘flatten the differences between event and any other term by expanding its reach beyond any logical limit.’
Federal Court says sports-event contracts resemble betting and should fall under state regulation.
The $5.9m net revenue figure during the fourth quarter of 2025 represents a 20.3% decrease, while the $20.5m generated during the full-year period equates to a fall of 11.9% year-over-year.
The operator will begin utilizing the Vergence AI engine to prevent, identify and report suspicious betting activity, created in 2025 following the joint venture with Palantir and TWG AI.
Licensed betting companies warn that event-based prediction contracts risk blurring regulatory boundaries with sports betting and financial derivatives.
The deal includes a CFTC-registered designated contract market and derivatives clearing organization, enabling Underdog to operate its own federally compliant exchange.
Clear clients with international accounts will be able to access Kalshi contracts through XP International, starting with financial and economic events in the US-regulated market.
The marketing executive originally joined PrizePicks in February 2025, believing he had the opportunity to help grow one of the ‘most innovative and disruptive companies’ in DFS.