SEC approves Cboe KPI contracts; Robinhood expects Q3 offer
The contracts could give operators and investors a regulated route to trade on company performance measures, while the clearinghouse approval remains outstanding.
Prediction markets & exchanges
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Licensing, commercial relationships and regulatory developments.
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The contracts could give operators and investors a regulated route to trade on company performance measures, while the clearinghouse approval remains outstanding.
The applications could enable Blockchain.com to seek approval to bring prediction markets and regulated trading to US users.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.
Coinbase’s withdrawal follows Michigan enforcement against sports event contracts that regulators consider unauthorised sports betting.
Conflicting appeals court decisions leave operators facing unresolved questions about state enforcement of gambling laws against sports event contracts.
The dispute pits state gambling enforcement against the CFTC’s claim of exclusive jurisdiction over sports-event contracts.
Nine prediction market platforms face Connecticut cease-and-desist orders over sports event contracts offered to residents.
Kalshi and Robinhood face a Ninth Circuit ruling backing key aspects of two California tribes’ challenge.
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
CNBC linked growing interest in Polymarket and Kalshi to football’s return and the approaching November election.
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
For prediction market operators, federal intervention challenges Connecticut’s enforcement measures, while Robinhood seeks to join the proceedings.
The orders require nine prediction market companies to stop offering sports event contracts to Connecticut residents.
Crypto.com is participating in the expansion of Robinhood’s sports prediction offering.
ESMA warns European operators face a different regulatory environment from the United States for prediction markets.
Prediction market operators face Connecticut cease-and-desist orders over alleged breaches of state gaming laws involving sports event contracts.
Connecticut’s orders require nine platforms to halt sports event contracts and other alleged unlicensed online gambling while permitting withdrawals.
The campaign gives investors an update on Novig’s marketing activity in prediction markets.
The partnership assigns OG.com infrastructure and clearing responsibilities for Robinhood’s retail event contracts through its CFTC-regulated exchange and clearinghouse.
Robinhood’s sports event contracts remain withdrawn from Michigan at least until the Sixth Circuit rules on related appeals.
Robinhood’s principal partnership and shirt-front sponsorship of OGC Nice are under examination by France’s gambling regulator.
Prediction market providers face scrutiny as Missouri’s attorney general seeks sportsbook taxation and regulation for sports prediction markets.
The Ninth Circuit upheld Nevada’s enforcement against Kalshi, rejecting federal financial regulation as protection from state gambling laws.
Kalshi faces a lawsuit seeking to stop its Connecticut sports contracts while contesting state gambling authority under federal oversight.
Kalshi is lobbying to maintain California platform access as DraftKings goes live in the state.
The customer figures indicate a growing event-contract business at Robinhood.
A completed deal would add another contract supplier to Robinhood’s prediction market offering.
The proposed integration would extend distribution of Crypto.com’s prediction market contracts.
The forecast projects a potential revenue contribution from Robinhood’s prediction-market operations.
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