Following the CFTC's inclusion of event contracts within the term "swaps," Kalshi has filed a petition for rehearing in the Sixth Circuit court.
The NBA is calling for greater oversight of prediction markets amid growing concerns over sports integrity and potential insider trading.
New advances in the world of quantum computing may lead to a fairer and safer way to gamble.
The temporary casino continues to generate revenue as construction of the permanent resort reaches a major milestone.
A 60-day comment period will follow the commission's vote on two proposals covering customer targeting and signs of harm.
The refusal leaves businesses facing an October 13 compliance deadline, with unlicensed terminals outside approved venues exposed to enforcement from October 14.
Sean Fern joins as the prediction market operator faces closer scrutiny of customer checks and suspicious trading.
The Commission stated wagers placed on sportsbooks and casino games would not be included in the definition, instead referring to sports event contracts as ‘financial instruments.’
The operator recently partnered with actress Sydney Sweeney for a new advertisement campaign, citing a ‘just sports’ offering in favor of additional contract markets.
The Oklahoma Indian Gaming Association reiterated its sector’s anti-prediction market stance this week. Yet the Kalshi x Tribal partnerships that sparked the association’s statement paint a vivid picture of fragmentation slicing right through the US gaming ecosystem.