Gemini announced a partnership with Apex Fintech Solutions on 24 August, under which Gemini will be the exclusive listing venue for cryptocurrency event contracts distributed by Apex’s Futures Commission Merchant to brokerage customers. The companies did not disclose financial terms.
The agreement establishes an exclusive listing channel for Apex-distributed cryptocurrency event contracts.
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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.
FanDuel Predicts announced a partnership with Crypto.com to add event contracts through Crypto.com’s regulated OG Prediction Markets infrastructure. The offering will expand sports and entertainment contracts, including combined-contract types, alongside FanDuel Predicts’ existing CME Group products; initial offers were expected that week as the 2026 World Cup began.
The US Commodity Futures Trading Commission designated Sporttrade DCM LLC as a designated contract market on 30 October 2026 and registered Sporttrade DCO LLC as a derivatives clearing organisation on 16 October 2026. Sporttrade said the registrations enable its exchange and clearing operations, while its phased rollout has no announced launch date.
Sporttrade obtained US Commodity Futures Trading Commission registrations covering both its exchange and its clearing business. On October 30, 2026, the CFTC named Sporttrade DCM LLC a Designated Contract Market. Sporttrade DCO LLC became a Derivatives Clearing Organization on October 16, 2026.
Panelists at the Next Predict Summit in New York argued that states should not apply gaming laws to sports event contracts traded on federally regulated exchanges. Courts have split on whether the contracts are swaps under the Commodity Exchange Act, and the Supreme Court case involving New Jersey is pending.
Panelists at the Next Predict Summit in New York said states should not apply their gaming laws to sports event contracts traded on federally regulated designated contract markets. The panel discussion, titled "The Jurisdiction Gap: One ruling, Two Very Different Markets," took place on Friday. The industry position is that the contracts are federally regulated derivatives, and that the Commodity Exchange Act gives the Commodity Futures Trading Commission explicit jurisdiction over the transactions.
Crypto.com and Novig have sued Missouri officials in federal court to stop the state enforcing its sports betting laws against their sports event contracts. The suits were filed on Friday as 30-day deadlines expired for six prediction market operators ordered by Attorney General Catherine Hanaway to stop offering the contracts or obtain state authorisation. Crypto.com argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction.
Crypto.com and Novig have taken Missouri officials to federal court in an effort to block enforcement of the state's sports betting laws against their sports event contracts. The suits arrived on Friday, the same day that 30-day deadlines ran out for six prediction market operators told by Missouri Attorney General Catherine Hanaway to halt sports event contracts or secure state authorisation.