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Prediction Markets coalition urges CFTC to narrow gaming definition

Regulation

The Coalition for Prediction Markets has asked the CFTC to define “gaming” narrowly in its rules, arguing that the term should cover casino-style games rather than sports-related event contracts. The CFTC rule restricts contracts linked to gaming and specified other activities; state regulators maintain that sports contracts fall under state betting laws, while the commission has yet to decide whether to adjust its rules.

The CFTC’s definition of gaming may determine whether platforms can offer sports-related event contracts under federal rules.

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Regulation

Arkansas sues Kalshi over alleged unlicensed gambling

Arkansas has sued Kalshi in Independence County Circuit Court, alleging that its event contracts amount to gambling offered to residents without a state licence. The complaint seeks consumer restitution, civil penalties, taxes and an injunction; the amounts have not been determined, and the allegations have not been assessed by a judge. Kalshi has not publicly responded to this complaint.

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