CME Group's Terry Duffy sparred with Kalshi's co-founder at a CFTC hearing as horse racing's watchdog charged a respected handicapper with insider trading.
Regulation
ADI Predictstreet denied royal family links, but corporate filings tie it to IHC, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, an investigation found.
The CFTC-regulated sports exchange topped $125M in its debut week while fighting New York, Massachusetts and three other states over gambling law claims.
A Connecticut judge denied Kalshi's injunction bid, questioning CFTC power, as new geofencing deadlines and a White House meeting loom this week.
HB 2711 would add consumer safeguards for sports event contracts in Pennsylvania, but skips licensing or taxation as Kalshi fights states in court.
A top New York assemblymember says online casino legalization remains distant, underscoring how slowly U.S. iGaming expansion compares with Ontario’s open market.
Fliff and Onyx Odds have filed to become federally regulated futures brokers, the latest sign sweepstakes operators are eyeing prediction markets.
Gambling firms, the Seminole Tribe and Kalshi have given over $12M to Florida politics, mostly to GOP hopeful Byron Donalds.
US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.