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CFTC orders exchanges to end US geofencing within 30 days

Regulation

The Commodity Futures Trading Commission ordered designated contract markets to end US geofencing that conflicts with impartial-access requirements within 30 days, or explain why they cannot comply. The order puts exchanges offering sports-event contracts at odds with court orders restricting Kalshi in several states and on tribal lands. Chairman Michael S. Selig said derivatives markets must operate nationally.

The order creates a compliance conflict for exchanges facing court restrictions on sports-event contracts.

End-of-day close DraftKings (DKNG), USD, to 5 November 2026
Story date22 September 20265 November 2026

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Regulation

US gambling operators increase lobbying spending ahead of midterms

DraftKings, FanDuel, Fanatics and other gambling companies have pooled resources to support candidates in November's US midterm elections. The companies have spent at least $72m on the elections so far, according to a Reuters report cited by the outlet. The funds support Win for America, a super PAC, and two connected committees targeting candidates of both parties.

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