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…
Tag: Polymarket
New York Seeks at Least $36 Billion From Kalshi as CFTC Fights State Gambling Enforcement
The CFTC issued an emergency order on August 11 requiring Kalshi to keep operating in New York despite a July…
New York’s $36 Billion Kalshi Suit Puts CFTC Preemption Fight Back in Court
The CFTC's August 11 emergency order to Kalshi to keep operating in New York, its second such intervention in a…
NYC Council Questions Polymarket, Kalshi, Coinbase and Gemini Titan Over Marketing
The New York City Council launched an investigation August 12 into deceptive marketing by four prediction market platforms, citing a…
NYC Council Opens Marketing Probe Into Kalshi, Polymarket, Coinbase and Gemini Titan
The NYC Council launched a deceptive-marketing investigation into Kalshi, Polymarket, Coinbase, and Gemini Titan on August 12, a day after…
Polymarket’s NVDA Markets Put Single-Stock Event Contracts in the Regulatory Spotlight
Polymarket's daily Nvidia direction market opened August 11 with 66% odds on "Up" as NVDA traded near $219, ahead of…
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…
Kalshi and Polymarket Funding Talks Put Private Valuations Ahead of Legal Clarity
Kalshi is pursuing fresh capital at a $40 billion valuation while Polymarket seeks $1 billion at $20 billion-plus, widening the…
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…