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Trump goes on offense as prediction market lawsuits multiply
Key Points States are defending their jurisdiction over prediction markets in court The CFTC has historically avoided regulating sports betting, gambling The agency was greatly impacted by the Trump admin. […]
US judge rules federal futures law negates Arizona gaming statutes
Key Point: Decision allows betting on future events, such as elections Lawsuit by Arizona AG is rejected Arizona wants to continue allowing sports wagering only through state-licensed operators A federal […]
38 state AGs sign amicus brief supporting Mass. in Kalshi lawsuit
Key Points: The attorneys general said the outcome of the Mass. case affects their citizens Mass. in September became the first state to sue a prediction market Kalshi says it […]
Kalshi faces criminal charges in Arizona as judge denies injunction
Key Points: Federal judge allows Arizona to prosecute online gambling site Kalshi Kalshi claims its activities are regulated by the Commodity Futures Trading Commission Kalshi faces 20 criminal charges, including […]
Trump admin. sues Ariz., Con.., Ill. over prediction markets
Key Points: All three states have taken action against Kalshi or Polymarket Prediction market operators say they should be regulated by the CFTC There are at least 30 lawsuits between […]
Prediction market Kalshi takes legal stand against Arizona’s gambling laws
Key Points: KalshiEX LLC faces lawsuit from Arizona Department of Gaming Kalshi claims its prediction market is regulated by federal law Kalshi’s lawyers argue its activities are akin to a […]
