2 weeks ago
CFTC Issues Warning to Prediction Markets Over Gambling Odds
CFTC cautions prediction markets about using gambling-style odds as states challenge their regulatory authority. Kalshi faces legal issues in New York and Utah.
Tag: gambling laws
3 weeks ago
New York State Sues Kalshi Over Prediction Markets, Seeks $36 Billion
New York has filed a lawsuit against Kalshi, seeking $36 billion in penalties over alleged violations related to its prediction markets.
1 month ago
Court Ruling Blocks Kalshi’s Sports Prediction Markets in Washington
A Washington state judge has blocked Kalshi from offering sports prediction markets, citing violations of state gambling laws.
1 month ago
US House Committee Considers Ban on Sports Prediction Contracts, Impacting Kalshi and Polymarket
The US House Agriculture Committee is examining a potential ban on sports prediction contracts, affecting platforms like Kalshi and Polymarket.