Sports prediction markets
Coverage of Sports prediction markets in the Nexus archive.
- Washington judge blocks Kalshi’s sports prediction markets over state gambling laws
A Washington state court granted a preliminary injunction against Kalshi, blocking its sports prediction markets and stating the company operates illegal gambling activities.
- Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
A Michigan federal judge ruled that sports prediction markets are not under the jurisdiction of the Commodity Futures Trading Commission (CFTC). The judge also determined that Polymarket is unlikely to succeed in its legal case against Michigan state regulators.
- Wisconsin sues Kalshi, Polymarket, others over sports event contracts
Wisconsin has filed a lawsuit against Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging violations of state gambling laws related to sports prediction markets. The case highlights a growing conflict between state gambling regulators and federal oversight of cryptocurrency-based betting platforms.
- CFTC Chair Mike Selig Faces Bipartisan Pushback on Prediction Markets, Hyperliquid Perps
CFTC Chair Mike Selig faced bipartisan criticism during a House committee hearing over his support for prediction markets, including sports and war-related betting, and crypto-backed perpetual futures. Lawmakers expressed concerns about potential risks and regulatory challenges associated with these financial instruments.