Ninth Circuit Lets Nevada Enforce Kalshi Sports Ban as Michigan Sets $500,000 Daily Penalty
A 9th Circuit panel ruled August 28 in KalshiEX v. Assad that Nevada can bar Kalshi's sports event contracts, while…
Tag: Commodity Exchange Act
CFTC Emergency Order Keeps Kalshi Operating After New York Lawsuit
New York Attorney General Letitia James has asked a federal court to disregard the CFTC's August 11 emergency directive ordering…
CFTC Order Keeps Kalshi Trading as New York Seeks More Than $36 Billion
The CFTC invoked emergency authority on August 11 to direct Kalshi to continue operating in New York, two weeks after…
CFTC Case Against Soldier Accused of $409,881 Polymarket Profit Is Stayed as Criminal Case Proceeds
A federal judge has stayed the CFTC's civil insider-trading case against Master Sgt. Gannon Van Dyke, who allegedly used classified…
Judge Stays CFTC Case Against Army Sergeant Charged Over Polymarket Maduro Bets
A federal judge paused the CFTC's civil case against Army Master Sergeant Gannon Ken Van Dyke pending criminal proceedings, as…
CFTC Brings First Alleged Insider-Trading Case Against Prediction Market Trader Over Maduro Polymarket Bets
The CFTC charged active-duty Army Special Forces Master Sergeant Gannon Ken Van Dyke with using classified intelligence about a U.S.…
New Mexico Tribes Press IGRA Challenge to Kalshi Sports Contracts
Kalshi filed its reply brief in U.S. District Court for New Mexico, arguing the Commodity Exchange Act preempts tribal gaming…
New York Suit and Nevada Geofence Deal Put Kalshi’s Sports Markets Back Under State Pressure
A federal judge in Connecticut ruled August 18 that the CFTC's emergency order directing Kalshi to keep operating cannot override…
New York’s $36 Billion Kalshi Case Tests State Gambling Law Against CFTC Oversight
The CFTC on August 11 used Section 8a(9) emergency authority, invoked only seven times in agency history and not since…
Federal Judge Blocks Minnesota Prediction Market Ban Before August 1 Effective Date
A federal judge in Minnesota issued a preliminary injunction July 27 barring enforcement of the state's first-in-the-nation law banning prediction…