SectorWire
SearchGet the daily briefing
Menu

CFTC and NHL agree to share information on hockey event contracts

Deals & M&A

The CFTC and NHL signed a memorandum of understanding to share information and coordinate on the integrity of professional hockey and related event contracts on CFTC-regulated exchanges. The agreement provides for designated representatives to discuss integrity issues, exchange information confidentially and maintain communication channels.

The agreement establishes information-sharing between the regulator and league on risks involving hockey event contracts.

Request a correction

Keep reading

Deals & M&A

Kalshi sues Illinois over 15% tax on sports event contracts

Kalshi has filed a federal lawsuit against Illinois over a new 15% levy on gross receipts from sports-event contracts on prediction markets. The law, part of a $56bn annual budget signed by Governor JB Pritzker, takes effect on 1 July. Kalshi is seeking a temporary restraining order and accuses the state of violating the US Constitution's Supremacy Clause.

Continue reading