Tag: Prediction

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CFTC seeks to define event contracts as swaps amid prediction market fight

The classification could assist the CFTC’s claim that it has exclusive federal jurisdiction over event contracts offered on regulated prediction markets.

CFTC Warns Prediction Markets Over Manipulation Risk

The US commodities regulator has warned that prediction market contracts tied to what a person says or does carry a heightened risk of manipulation,...

UK Financial Watchdog Weighs Lifting Prediction Markets Ban: Report

The UK’s Financial Conduct Authority (FCA) reportedly has reached out to prediction market companies as part of discussions over whether the regulator would loosen...

Prediction markets inch closer to the Supreme Court: State of Crypto

New Jersey petitioned for a writ of certiorari in Kalshi's case against it last week, finally throwing the ball to the high court.

New Jersey Officials Petition US Supreme Court over Prediction Markets

New Jersey’s Attorney General and the state’s interim director for the Division of Gaming Enforcement have officially petitioned the US Supreme Court to hear...

New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets

After multiple appeals courts ruled differently about whether states can crack down on prediction markets' sports products, New Jersey asked SCOTUS to step in.

Gate AI, XYO Launch Head-to-Head Crypto Prediction Game

Gate AI and XYO launched Crypto Cards, a head-to-head crypto prediction game where users compete against another player or an AI model.Players predict whether...

Kalshi takes legal blow in court ruling confirming state powers over prediction markets

This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to...

Connecticut's new lawsuit against Kalshi piles on to prediction market legal fight

The courtroom combat across state and federal courts is so far producing roughly split outcomes, suggesting a big job may be coming for the...

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying...

Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle

Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.

Kalshi ordered to stop broad range of prediction markets in Washington

Kalshi must implement initial geofencing by Aug. 19 and a GeoComply multi-source geofencing system by Sept. 2.