Nevada cites North Carolina tax to contest Kalshi’s opposition to state oversight
The challenge concerns whether states can oversee Kalshi alongside federal regulation.
The challenge concerns whether states can oversee Kalshi alongside federal regulation.
The committee examined manipulation risks, while disputed examples highlight disagreement over which products breached standards.
The proposed arrangement gives Gemini Titan exclusivity for regulated crypto event contracts distributed through Apex’s futures commission merchant.
Nevada uses Kalshi’s acceptance of North Carolina’s revenue tax to argue that states have authority over prediction markets.
Prediction market operators are expanding sports products while facing expected litigation developments and possible additional New York filings.
The CFTC committee hearing contributes to developing the agency’s prediction market roadmap amid tense exchanges.
Selig proposed prediction market rules while defending federal oversight against challenges concerning legality and self-certification limits.
The discussion puts prediction-market manipulation risks on the CFTC committee's agenda.
The debate concerns how contract oversight may affect prediction-market operators and the boundary between derivatives and gambling rules.
The unresolved status of team partnerships creates regulatory uncertainty for prediction-market firms and sports organisations in New York.
Sportsbook and prediction market executives have representation on the CFTC committee discussing prediction markets.
Fischer’s forecast highlights contested prediction market authority, predicting states and tribes will prevail in disputes.
Operators seeking relief from state enforcement face federal appeals proceedings as the CFTC moves towards new sector rules.
The findings raise concerns for prediction-market operators about suspected insider trading and the use of confidential military information.
Operators face competing federal and state jurisdiction claims, alongside New York’s allegations against Kalshi over gambling and tax avoidance.
The regulatory roadmap puts manipulation risks, consumer safeguards and event contract self-certification under industry scrutiny.
Better Collective’s revenue growth drew contributions from prediction markets and the World Cup, while improved revenue-sharing economics supported earnings.
State regulators argue sports contracts require gambling licences, challenging platforms operating under CFTC oversight with substantial sports trading activity.
The roadmap could change how prediction market platforms list contracts, report activity and protect consumers.
The blocking affects access to prediction-market platforms in Italy and signals an enforcement risk for operators.
Federal backing for permitted operators and insufficient congressional support underpin a lawyer’s assessment that states would gain no midterm advantage.
The dispute concerns whether federal or state authorities control prediction-market contracts linked to sports.
The proposal could restrict which event contracts federally regulated prediction markets may offer.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
The order restricts access to 98 sites that the authority says targeted Danish customers without authorisation.