The proposed rule defines gaming to capture professional sports, keeping sports contracts inside the term rather than outside it. A state gambling ban would not count as unlawful activity, because the contract settles on the game itself. Final scores, point differentials, win-loss results and season-long statistics weigh against a public interest ban on sports contracts. … Read more
FlightAware dismissed the case without prejudice under Rule 41(a)(1)(A)(i), which leaves it free to refile the same claims. Judge Arun Subramanian had set a temporary restraining order hearing for Aug. 13 before the dismissal ended the case. The six-count complaint pleaded Lanham Act trademark infringement, breach of contract and New York unfair competition. Kalshi’s market … Read more
The CFTC ordered KalshiEX LLC to keep operating under the Commodity Exchange Act’s Core Principles and its normal practices. KalshiEX notified the commission of a market emergency on Aug. 1, and that notification triggered the federal order. New York’s July 31 complaint seeks to bar all Kalshi event contracts nationwide and more than $36 billion … Read more
A federal judge denied the CFTC’s emergency bid to halt New York’s gambling case against prediction market Kalshi. The order reached the docket Aug. 3 and found the agency showed neither likely success on the merits nor irreparable harm. New York seeks $100,000 for each unauthorized sports wagering offer plus a penalty of three times … Read more
The state’s attorney general wants Kalshi barred until it holds a gambling license and stripped of what it earned from New Yorkers. Within hours, federal regulators went to court to stop her. NEW YORK – The price New York has put on evicting Kalshi is eye-catching: no less than $36 billion. On Friday, Letitia James, … Read more
Judge William Griesbach denied the CFTC’s request for a preliminary injunction against Wisconsin in a 28-page decision filed July 29. The court said the agency is unlikely to prove sports event contracts are swaps or that federal law preempts Wisconsin’s gambling statute. Two days earlier the same federal plaintiffs won an injunction against Minnesota, splitting … Read more
Federal regulators are examining whether the president’s teleprompter operator used advance knowledge of speech drafts to win on a Kalshi market, the clearest example yet of the insider problem that has trailed prediction markets all year. It is the scenario prediction-market skeptics have warned about for a year, and it just landed inside the White … Read more
Kalshi and Polymarket are now clearing something like $24 billion in trades a month, more than the country’s licensed books handle. The matchup is messier than the headline suggests, but the scramble by states to tax it is not. The pecking order of American betting just got turned around. Month over month, the dollars moving … Read more
The first World Cup on home soil since betting became legal is on pace to be the biggest in history, and prediction markets are quietly carrying the action into states that never legalized it. The 2026 World Cup is on pace to become the largest betting event in human history. The most revealing thing about … Read more
DraftKings and FanDuel walked away from the AGA in November 2025 and now sit opposite the trade group at the first congressional hearing on federally regulated event contracts. The May 20 Senate Commerce Subcommittee hearing marks the formal start of federal legislative consideration.