CFTC Proposes Event-Contract Swap Rule as Kalshi Seeks Ninth Circuit Rehearing
The CFTC proposed on October 9 to define sports, politics, culture and weather event contracts as swaps. Kalshi is using…
Articles by Naomi Castellan
Reuters/Ipsos Poll Finds 60% of U.S. Adults Oppose Election Betting
A Reuters/Ipsos survey of 4,506 U.S. adults finds 60% oppose betting on elections and 65% oppose betting on U.S. military…
Ohio Orders 10 Prediction Market Firms to Stop Sports Event Contracts by October 16
The Ohio Casino Control Commission told 10 event-contract operators on October 2 that their sports contracts amount to illegal bookmaking.…
Blanche Lincoln’s Kalshi Lobbying Puts Her 2010 Sports-Contract Record Back in Court
Lincoln Policy Group, the firm of former Arkansas Sen. Blanche Lincoln, has reported $480,000 in lobbying income from Kalshi since…
CFTC Excludes Sportsbook Wagers From Swaps While Proposing Federal Treatment for Event Contracts
On Oct. 9 the CFTC issued an interim final rule saying sportsbook wagers and casino games are not swaps, and…
Reuters/Ipsos Poll Finds Bipartisan Opposition to Prediction Market Betting on Elections
A Reuters/Ipsos survey of 4,506 U.S. adults finds broad opposition to betting on election results, military actions and policy decisions,…
CFTC Issues Event-Contract Swap Rules After OIRA Review, Raising Stakes in State Gambling Fight
The CFTC submitted two rules to the White House on September 28 that would formally define prediction-market event contracts as…
CFTC Proposes Swap Rule for Event Contracts While Excluding Casino Gambling
On October 9 the CFTC proposed folding sports, political, cultural and weather event contracts into the federal swap definition, and…
CFTC Proposes Bringing Event Contracts Into Federal Swap Rules
As the CFTC opens 30-day comment periods on rules that would treat sports event contracts as swaps, Kalshi-linked promo offers…
Coinbase Agrees to Halt Michigan Sports Event Contracts by October 10
Coinbase has signed a stipulation with Michigan regulators to stop offering sports-related event contracts, including Kalshi-listed markets, by October 10,…