An analysis of Brian Quintenz’s 2025 ethics agreement says he could retain Kalshi stock and vested options for up to 90 days after confirmation as CFTC chair. The agreement required earlier divestment of his interests in Andreessen Horowitz funds and Next Level Derivatives, but the Senate never voted on his nomination.
The terms show how a proposed CFTC chair’s financial interest in a prediction-market exchange would have been handled.
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The US Department of Justice and CFTC sued Arkansas on 12 November 2026 over the state’s attempt to apply gambling and consumer protection laws to Kalshi event contracts. The agencies argue that the Commodity Exchange Act gives the CFTC exclusive jurisdiction and seek preliminary and permanent injunctions covering other CFTC-registered exchanges, affiliates and business partners.
A federal lawsuit filed on 12 November challenges Arkansas’s attempt to take action against Kalshi, with the US Department of Justice and the Commodity Futures Trading Commission as plaintiffs. The complaint was filed in federal court in Arkansas’s Eastern District and names the state and Attorney General Tim Griffin as defendants.
A Nevada court temporarily barred Polymarket from offering event contracts in the state after the Nevada Gaming Control Board argued they were unauthorised gambling. The order lasts at least 14 days, while Polymarket plans to oppose it and has reportedly withdrawn its Nevada offerings. The judge found the regulator had a reasonable prospect of winning the case.
A Nevada court has temporarily barred Polymarket from offering event contracts in the state, according to its ruling. The temporary restraining order prevents Polymarket from operating for at least 14 days.
Massachusetts Gaming Commission chair Jordan Maynard told a US House subcommittee that consumers regularly contact the regulator about prediction-market rules and disputes. Maynard said the commission lacks authority over these platforms and argued that their sports contracts may not carry the protections required of regulated sportsbooks.
Massachusetts Gaming Commission chair Jordan Maynard said sports prediction contract operators often lack consumer protections associated with regulated sportsbooks. Maynard raised his concerns in written testimony submitted to a US House subcommittee on 11 November.
A Louisiana judge issued a temporary restraining order against 10 prediction-market operators accused by Attorney General Liz Murrill of breaching state gambling laws. The order bars them from offering a broad range of event contracts, requires geofencing and expires after 10 days unless extended; a preliminary-injunction hearing is scheduled for 30 November.
Louisiana Attorney General Liz Murrill said she filed suit against 10 prediction market companies and obtained a temporary restraining order. The order bars sports, election and awards contracts, wagering and advertising, and requires the companies to block Louisiana users; Murrill is also seeking an injunction. The Coalition for Prediction Markets and Kalshi challenged the state’s action.