By SectorWire desk ·
The report said that the CFTC’s proposed prediction-market rule received 1,443 comments. Lawmakers, state attorneys general and tribal groups sought withdrawal, while sports leagues asked for stronger integrity protections.
The responses present competing demands for the proposed federal prediction-market framework.
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The injunction request contests Tennessee’s application of wagering laws to Underdog’s event-contract exchange.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
Dreitzer’s comments dispute the distinction used to separate sports-event contracts from conventional betting.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.