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EKG ranks Kalshi fourth in US sportsbook handle-per-adult estimates

Regulation

Kalshi ranked fourth among US sportsbooks by adjusted handle per adult in March, according to estimates from Eilers & Krejcik Gaming (EKG). EKG’s model differs from conventional sportsbook handle measures and includes volume through partners such as Robinhood Markets and Coinbase Global. The firm estimated prediction markets generated about $2bn in US monthly handle in March 2026.

Operators and investors should distinguish EKG’s partner-inclusive handle estimate from standalone sportsbook reporting.

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Regulation

CFTC orders exchanges to end US geofencing within 30 days

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.

Within 30 days, designated contract markets must end geofencing restrictions in the U.S. that violate “impartial access requirements,” or give reasons they cannot comply, the CFTC has ordered. CFTC Chairman Michael S. Selig said in a statement that derivatives markets "must operate on a uniform basis at a national scale" to serve the purposes of the Commodity Exchange Act.

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