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Hamadeh asks CFTC to review CNN-Kalshi partnership

Regulation

Representative Abe Hamadeh asked acting CFTC chair Caroline Pham to examine CNN’s partnership with Kalshi, reportedly arguing that it could threaten market integrity and national security. He also questioned whether the agreement complies with the Commodity Exchange Act; the report said CNN would feature Kalshi’s data, imagery and name under an exclusive arrangement.

A CFTC review could affect Kalshi’s media partnership and the regulatory treatment of its event contracts.

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Regulation

CFTC gives prediction markets 30 days to address state access blocks

The CFTC issued guidance saying state-based geographic restrictions generally conflict with impartial-access requirements for designated contract markets in the United States. It gave exchanges 30 days to remove conflicting blocks or explain to the Division of Market Oversight, with supporting evidence, why compliance is not feasible. The same framework applies to intermediaries and other entities providing market access.

The CFTC said state-based geographic restrictions on prediction markets are generally inconsistent with its impartial access rules, and gave operators and exchanges 30 days to lift them or explain why they cannot. The agency issued the guidance on Thursday as a formal interpretation of its impartial access requirements for designated contract markets. It said location alone should not be used to deny access to eligible participants within the United States.

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