State Lawsuits Put Sports Prediction Markets on Collision Course With CFTC Rulemaking
The CFTC told federally regulated prediction markets on August 7 to stop displaying sports contracts as plus-minus moneyline odds, calling…
Articles by Naomi Castellan
CFTC Sues Kentucky After State Targets Kalshi and Polymarket Sports Event Contracts
The CFTC told regulated prediction market exchanges and brokers to stop displaying event contracts in American-style moneyline odds, citing research…
State Challenges Put CFTC Authority Over Sports Prediction Markets Under Pressure
The CFTC sent letters to all regulated prediction market operators ordering them to stop displaying event contracts in American-style moneyline…
Federal Judge Blocks Minnesota Prediction-Market Ban Before August 1 Start Date
U.S. District Judge Katherine Menendez granted a preliminary injunction on July 27, 2026, halting Minnesota's SF 3432 prediction market ban…
CFTC Tightens Event-Contract Filings as States Press Kalshi and Prediction Markets in Court
The CFTC told federally regulated prediction market platforms on August 7 to stop displaying contracts as American-style moneyline odds, citing…
CFTC Prediction-Market Proposal Collides With State Gambling Fight After Minnesota Injunction
The CFTC told regulated prediction-market platforms on August 7 to stop displaying contracts with American-style moneyline odds, requiring compliance by…
Kentucky Lawsuits and Minnesota Injunction Put Sports Prediction Markets Back in Court
The CFTC sent a letter August 7 ordering regulated prediction market platforms to stop displaying American-style betting odds, citing deceptive-practices…
New York Seeks Up to $36 Billion From Kalshi as Courts Test State Gambling Authority
New York AG Letitia James filed a state-court petition against Kalshi on July 31, 2026, seeking at least $36 billion…
New York Sues Kalshi Over Sports Markets, Seeking Penalties That Could Reach $36 Billion
New York Attorney General Letitia James filed a $36 billion lawsuit against prediction-market exchange Kalshi on July 31, 2026, alleging…
New York Seeks Penalties That Could Reach $36 Billion in Kalshi Gambling Suit as NFL Presses CFTC on Sports Contracts
New York AG Letitia James filed suit against Kalshi on July 31, seeking up to $36 billion in penalties and…