Robinhood Derivatives has agreed to stop offering new sports event contracts to Michigan customers by September 9 and close outstanding positions by October 9. The deal leaves the core federal-preemption question unanswered, but extends …
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Sports
- DeFi Market
Ninth Circuit Deals Kalshi Major Blow, Rules Sports Event Contracts Aren’t CFTC-Regulated Swaps
by adminby adminThe Ninth Circuit has dealt Kalshi one of its biggest legal losses yet, ruling that the platform’s sports-event contracts are sports bets—not swaps protected by the Commodity Exchange Act. The decision lets Nevada enforce …
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Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
by adminby adminMIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO …
- DeFi Market
Former Trump Chief Of Staff Targets Sports Prediction Markets With New Advocacy Coalition
by adminby adminGroup ‘Gambling Is Not Investing’ argues sports contracts bypass state gambling frameworks as CFTC defends federal derivatives authority A newly formed advocacy coalition led by Mick Mulvaney, who served as President Donald Trump’s White …
The US Commodity Futures Trading Commission has withdrawn a Biden administration-era proposal that would have banned sports and political prediction markets, some of the most popular event contracts today. The recently confirmed CFTC chair, …
ProphetX, a sports prediction platform currently operating under a sweepstakes model, has filed applications with the U.S. Commodity Futures Trading Commission (CFTC) to register as both a Designated Contract Market (DCM) and a Derivatives …
CME Group, one of the world’s largest derivatives exchanges, is preparing to enter one of the most dynamic frontiers in finance and gambling: event-based prediction markets. According to Bloomberg, the Chicago exchange plans to …
DeFi Market
CFTC Launches Prediction Market Rulemaking, Issues Guidance Sports Contracts
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The CFTC opened a 45-day comment period on prediction market regulation and reinforced exchanges’ role in policing event contracts The Commodity Futures Trading Commission (CFTC) on Thursday took its most significant step yet toward …
Altcoin Highlights
How Prediction Markets Are Revolutionizing Sports Fan Engagement and Analytics
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Prediction Markets Transforming Sports and Fan Interaction Prediction markets, once confined to political forecasting, are now entering the sports world in a major way. NBA star Tristan Thompson is among the most vocal advocates …
