Underdog has added Kalshi event contracts to its website, alongside markets from Crypto.com. The arrangement uses Underdog’s status as a registered futures commission merchant; its affiliate UDM LLC received National Futures Association approval to operate as an FCM and swap firm on 9 January.
The agreement expands the event-contracts offering available through Underdog’s platform.
The day’s most important stories, free. One email a day.
High Roller Technologies agreed to distribute event contracts developed by Crypto.com’s North American derivatives arm in the United States. High Roller said it intends to act as a registered introducing broker alongside Crypto.com’s licensed futures commission merchant; the companies have not announced a launch date.
Underdog said it acquired Aristotle Exchange DCM and Aristotle Exchange DCO, which are registered with the Commodity Futures Trading Commission. The company said the deal will allow it to offer sports and other event contracts through its own exchange.
DraftKings said its US prediction markets offering will add player-specific NFL and NBA event contracts through a partnership with Crypto.com. The deal also supports future categories including culture, entertainment and politics; Crypto.com is DraftKings Predictions’ second event-contract provider, after CME Group.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.
Ohio's Casino Control Commission confirmed that Robinhood, Gemini and Moomoo Financial had stopped offering new sports event contracts to Ohio customers, while Coinbase agreed to halt them by 13 November. The four firms join Plus500US in complying with cease-and-desist orders issued to 10 operators; two others have sued Ohio and three remain in discussions with the commission.
Ohio's Casino Control Commission confirmed that Robinhood, Gemini and Moomoo Financial had stopped offering new sports event contracts to customers in the state. Coinbase has agreed to halt its offerings by 13 November. The commission confirmed that Plus500US complied with its order on 21 October.