Commodity Futures Trading Commission

The head of CME Group Inc. communicated with the chairman of the Commodity Futures Trading Commission regarding oversight needs. They emphasized that the commission must enhance its efforts to prevent manipulation on prediction markets. This concern is highlighted by the growth of trading startups into multibillion-dollar businesses.

A federal judge ruled that Utah can enforce its anti-gambling laws on prediction markets such as Kalshi, rejecting the company's request to block state restrictions. The ruling affirmed that Utah's ability to regulate these platforms under state law, which bans proposition betting in sports, is not prevented by existing federal law. Although Kalshi plans to appeal, the decision represents a victory for states attempting to curb the popularity of prediction markets.

A federal judge rejected Kalshi’s request, ruling that Utah can enforce its anti-gambling laws on prediction markets like Kalshi and Polymarket. The decision addresses the ongoing conflict between states and the federal government over whether these betting platforms fall under finance regulation or state gambling law. State law in Utah already bans proposition betting, a key source of revenue for leading prediction markets.

A federal judge ruled that Utah can enforce its strict anti-gambling laws on prediction markets like Kalshi and Polymarket, rejecting a request from Kalshi to block the restrictions. The ruling allows state law banning proposition betting, which is a key revenue source for these platforms, to remain in effect despite ongoing legal battles over regulation.

US senators from Oregon, California, Nevada, Minnesota, and New Hampshire wrote to the Commodity Futures Trading Commission (CFTC) to inquire about actions against prediction markets allowing bets on wildfires. The letter criticizes platforms like Polymarket and an unnamed site offering simulated bets on California wildfires, arguing such markets prioritize profit over community suffering.

Kalshi CEO Tarek Mansour states that lawsuits against his company are part of a cycle disruptive startups face, comparing it to challenges Uber and Airbnb encountered. Multiple states, including New York, have launched legal actions against Kalshi, alleging its prediction markets constitute illegal gambling, while Kalshi claims compliance with CFTC regulations.

A New York judge denied the Commodity Futures Trading Commission's (CFTC) motion to halt its enforcement action against Kalshi. The decision maintains the ongoing case against Kalshi while permitting the CFTC to refile its request before Judge Victor Marrero.

Former Rep. George Santos agreed to pay $35,000 to settle a federal investigation into unlawful trading after betting on not attending the State of the Union address, which he missed. He did not admit to any wrongdoing.

George Santos, a former Congressman, engaged in illegal bets on Kalshi's prediction market platform, leading to a $35,000 fine from the CFTC for manipulative trading. Kalshi CEO Tarek Mansour responded to Santos' accusations by highlighting his enemies, including casinos and insider traders, while investigations by regulators revealed Santos profited over $17,500 by exploiting insider knowledge about his own political actions.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they undermine state gambling regulations. The platforms claim to be commodity markets regulated by the CFTC, but states have initiated legal actions and legislation, leading to heated debates and lawsuits. The Trump administration has also intervened, seeking to limit state oversight.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations, particularly around sports betting. At a recent summit, legislators criticized the platforms, citing concerns over underage participation and lack of transparency, while Kalshi claimed it operates under federal commodity futures regulations.

Online prediction markets Kalshi and Polymarket are facing scrutiny from state lawmakers who argue they bypass gambling regulations. Iowa Republican state Sen. Dan Dawson highlighted student use of Kalshi for illegal sports betting, leading to legal battles and calls for national regulation over state oversight.

George Santos, a disgraced ex-Rep., settled a probe into his State of the Union Kalshi bets by agreeing to a three-year trading ban and paying $35,000 in fines and profits, as per the Commodity Futures Trading Commission (CFTC).

George Santos agreed to a $35,000 settlement with the federal Commodity Futures Trading Commission over suspicious Kalshi trades related to his attendance at President Donald Trump’s State of the Union address. The settlement includes a $17,500 fine, a three-year trading ban, and repayment of $17,000 in profits from the trades. Santos denied wrongdoing and stated he did not intend to deceive.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious trades on Kalshi related to his attendance at President Donald Trump’s State of the Union. The settlement includes repayment of $17,000 in earnings and a $17,500 fine, along with a three-year trading ban.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious Kalshi trades linked to his attendance at President Donald Trump’s State of the Union. The settlement includes a $17,500 fine and a three-year trading ban, with Santos denying wrongdoing.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious trades on Kalshi, a prediction marketplace, related to his attendance at President Donald Trump's State of the Union. The settlement includes $17,500 in earnings from unlawful trading and a three-year trading ban.

George Santos agreed to a $35,000 settlement with the Commodity Futures Trading Commission over suspicious Kalshi trades, including $17,000 in earnings and a $17,500 fine, as part of a federal investigation. He did not admit wrongdoing and faces a three-year trading ban, while Kalshi reported him and plans to pursue its own enforcement.

George Santos has agreed to pay $35,000 to settle with the Commodity Futures Trading Commission (CFTC) over wagers he placed on the State of the Union on Kalshi. He bet on whether he would attend President Trump’s address in February.

New York Attorney General Letitia James sued prediction market firm Kalshi for operating an 'illegal gambling operation' without state licenses, arguing that its event contracts function as sports betting under state law. The lawsuit claims Kalshi circumvents regulations by offering wagers on sports and cultural events and allows underage betting, seeking to block its operations and impose fines. The case highlights a jurisdictional dispute between state regulators and the federal Commodity Futures Trading Commission (CFTC), which classifies such contracts as federally regulated swaps.

New York sued Kalshi, a prediction markets platform, accusing it of operating an unlicensed gambling service and seeking $100,000 penalties per unauthorized bet, which could total $36 billion. Kalshi, which recently tripled its annualized trading volume to $178 billion, faces state enforcement actions amid a broader legal conflict with the Commodity Futures Trading Commission (CFTC) over federal jurisdiction over prediction markets.

New York State has sued prediction market Kalshi for $36 billion, alleging it operates as an illegal gambling platform without a state license. Kalshi argues it is a federally licensed exchange and claims the lawsuit aims to shut it down and ban its operations nationwide.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations. Lawmakers at a state legislators' summit criticized the platforms, which claim they operate as commodity markets regulated by the Commodity Futures Trading Commission, not sports betting. Legal battles and legislation are emerging as states challenge these platforms' compliance with local laws.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they bypass gambling regulations. States have initiated lawsuits and proposed legislation, while the platforms claim regulation should be handled nationally by the Commodity Futures Trading Commission. Kalshi preemptively sued Iowa's attorney general to block enforcement actions.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they circumvent gambling regulations. State legislators criticized the platforms at a summit in Chicago, while Kalshi claimed federal oversight by the Commodity Futures Trading Commission. Legal actions and regulatory conflicts have emerged as states and the Trump administration challenge jurisdiction over the markets.

Online prediction markets like Kalshi and Polymarket face scrutiny from state lawmakers who argue they circumvent gambling regulations. The platforms claim they operate like commodity markets, but states are enacting legislation and lawsuits to enforce oversight, with the Trump administration opposing state regulation. A conflict over jurisdiction between states and the Commodity Futures Trading Commission has intensified, as 44 state attorneys general challenge the agency's authority.

A South Carolina lawyer is suing Polymarket and DraftKings, claiming they violate the state's 1912 sports betting ban by offering prediction markets as event contracts. The lawsuit, filed under a colonial-era law, accuses the companies of fueling gambling addiction and exploiting bettors through rigged systems. Similar past lawsuits against Kalshi and Robinhood were previously filed in the state.

A federal judge blocked a Minnesota law set to ban prediction markets starting August 1, granting a preliminary injunction to the CFTC, Kalshi, and Polymarket. The state argues prediction markets are predatory gambling, while the CFTC claims the law criminalizes lawful operators.

The Commodity Futures Trading Commission (CFTC) issued its second warning this year to prediction markets, urging them to stop using overly broad, template-style self-certifications for event contracts.

The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) share oversight of crypto assets. The SEC regulates crypto assets that function as company investments, while the CFTC oversees assets classified as commodities and related derivatives.

A White House teleprompter operator is under federal investigation for allegedly betting on the contents of President Donald Trump’s speeches via a prediction market platform. The operator is on unpaid leave, and the account was frozen after accumulating nearly $100,000 in suspicious wagers. Kalshi, the platform involved, claims to have strict policies against insider trading.

A White House teleprompter operator is under federal investigation for allegedly betting on President Donald Trump’s speeches via the prediction market Kalshi. The operator accumulated nearly $100,000 on the platform before funds were frozen and the case referred to the Commodity Futures Trading Commission. The operator has been placed on unpaid leave, and Kalshi’s CEO emphasized the platform’s stance against insider trading.

A White House teleprompter operator is under federal investigation for allegedly placing bets on the contents of President Donald Trump’s speeches via a prediction market platform. The operator’s account was flagged, funds frozen, and the case referred to the Commodity Futures Trading Commission. The operator has been placed on unpaid leave, and Kalshi’s CEO highlighted the platform’s efforts to prevent insider trading.

Federal regulators are investigating Trump's longtime teleprompter operator, Gabriel Perez, for potential insider trading on prediction markets. Perez made flagged trades on Kalshi, earning over $90,000 in profits now frozen, and is on unpaid leave while cooperating with the CFTC. Trump called the situation 'deeply unfortunate and frankly a disgrace.'

Kalshi, led by Tarek Mansour, is launching prediction markets for flight cancellations at US airports, using data from FlightAware and the Transportation Department. FlightAware has refused to authorize its data for betting, citing terms of use violations, while lawmakers have criticized prediction markets for enabling insider trading.

A federal board overseeing futures trading blocked Kalshi, a prediction market platform, from canceling existing sports betting contracts in response to a Michigan court order requiring the company to stop offering such contracts to state residents. The Commodity Futures Trading Commission argued that federal law prohibits states from forcing registered entities to violate federal regulations, while Michigan's attorney general claimed the state must protect residents and enforce its sports betting laws.

The article discusses concerns that prediction markets, like Polymarket, may detach users from the real-world impacts of public events, drawing parallels to social media's addictive design. It calls for California to proactively regulate these platforms with measures like age verification and deposit limits, even as they operate under existing financial rules.

North Carolina has passed a bill recognizing the Commodity Futures Trading Commission's (CFTC) authority over prediction markets. The state's new law imposes a 6% tax on prediction market platforms' net trading fee revenue linked to North Carolina residents.

Arizona Governor Katie Hobbs issued an executive order prohibiting state employees from using nonpublic government information to bet on prediction markets. The Commodity Futures Trading Commission sued Arizona for regulating Kalshi, a prediction market company, after a federal court ruled Arizona's laws were preempted by federal law. Attorney General Kris Mayes had previously pursued charges against Kalshi for operating unlicensed wagering activities.

An SDNY judge ruled that New York’s gambling regulations apply to Kalshi’s sports-event contracts, challenging the companies' argument that their platforms operate as futures contracts rather than gambling. The decision supports claims from 16 states that prediction markets like Kalshi and Polymarket threaten state revenue from casinos and gaming, while the companies and CFTC chair Michael Selig argue these markets help corporations hedge business risks.