U.S. Commodity Futures Trading Commission

New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling operation. Kalshi claims it is federally licensed and argues states have no authority to regulate it, while New York seeks to halt its operations and force profit forfeiture. The lawsuit highlights a broader dispute between states and federal regulators over prediction market oversight.

New York sued prediction market platform Kalshi, alleging it operates as an 'illegal, unlicensed gambling operation' and seeking to halt its activities and seize profits. The lawsuit, filed in Manhattan's state Supreme Court, is part of a broader dispute over state versus federal regulation of prediction markets, with Kalshi and other platforms asserting federal licensing protects them from state oversight.

New York officials sued prediction market platform Kalshi, alleging it operates as an illegal, unlicensed gambling platform. Kalshi claims it is federally licensed and that states have no authority to regulate it, while New York argues it violates state gambling laws by allowing underage betting and avoiding taxes. The state seeks to halt Kalshi's operations and confiscate its profits.

A White House teleprompter operator, Gabriel Perez, no longer works in the federal government after being placed on unpaid leave for using inside knowledge to bet on President Donald Trump’s speeches via the Kalshi prediction market. The White House called the insider trading 'deeply unfortunate and, frankly, a disgrace,' while Kalshi’s enforcement head confirmed the trades were flagged and referred to regulators.

A White House teleprompter operator, Gabriel Perez, is no longer employed after being placed on unpaid leave for betting on President Donald Trump's speeches using insider knowledge on the Kalshi prediction market. The White House called the insider trading 'deeply unfortunate and... a disgrace,' and Kalshi's enforcement team reported the trades to regulators.

A federal judge temporarily blocked Minnesota’s law banning prediction markets before it could take effect, citing potential harm to operators like Kalshi and Polymarket. The decision highlights a legal dispute over whether federal or state authorities regulate these platforms, with the Commodity Futures Trading Commission and companies arguing for federal jurisdiction.

A federal judge temporarily blocked Minnesota's law banning prediction markets, citing potential irreparable harm to operators like Kalshi and Polymarket. The decision supports federal jurisdiction claims by the Commodity Futures Trading Commission, while Minnesota argues prediction markets fall under state gambling regulations. Similar lawsuits are ongoing as states and the federal government clash over regulatory authority.

A federal judge temporarily blocked Minnesota's first-in-the-nation law banning prediction markets before it could take effect, citing potential irreparable harm to operators like Kalshi and Polymarket. The decision aligns with arguments by the U.S. Commodity Futures Trading Commission (CFTC) and the companies that federal law, not state regulations, governs these markets. Minnesota’s attorney general disputes the ruling, calling prediction markets 'gambling' and asserting state regulatory authority.

Tyler and Cameron Winklevoss donated $10 million from Bitcoin sales to Trump's super PAC, MAGA Inc. The twins previously donated 30.94 Bitcoin to Trump's campaign, citing support for a pro-crypto stance.

President Donald Trump’s teleprompter operator is on unpaid leave after reports he used inside knowledge to bet on Trump’s speeches via the prediction market Kalshi. The White House called the situation 'unfortunate' and 'a disgrace,' while Kalshi referred the matter to federal regulators. ABC News reported the aide, Gabriel Perez, earned over $100,000 from these bets.

President Trump’s teleprompter operator is on unpaid leave after reports of betting on Trump’s speeches using insider knowledge on Kalshi. Kalshi flagged the trades to regulators, and the White House called the situation a 'disgrace.'

The U.S. Commodity Futures Trading Commission (CFTC) is taking action to prevent Kalshi from canceling trades as mandated by a Michigan court. The dispute centers on whether trades should be canceled under the court's order.

Kalshi, a prediction market led by CEO Tarek Mansour, is implementing new measures to prevent insider trading, including employment verification for users. The company also introduced risk scoring for markets and enhanced whistleblower tools. These steps come amid scrutiny from lawmakers and a CFTC lawsuit against Minnesota's proposed ban on prediction markets.

The U.S. Commodity Futures Trading Commission (CFTC) has filed a request to remove a settlement agreement with Gemini, stating it no longer deems the terms fair. This move reflects the regulatory body's reassessment of past agreements to ensure compliance and fairness.

The U.S. Commodity Futures Trading Commission (CFTC) has secured an agreement with the National Hockey League regarding safeguards for prediction markets. This deal aims to protect consumers and establish regulatory standards for sports-related betting and prediction activities.

The U.S. Commodity Futures Trading Commission is in discussions with major professional sports leagues to regulate prediction markets. The talks aim to establish guidelines for these markets. This move could impact the sports industry significantly.

Polymarket is seeking approval from the U.S. Commodity Futures Trading Commission (CFTC) to move its main exchange back to the United States. The company has placed an advertisement in a New York subway station to promote this initiative.

The U.S. Commodity Futures Trading Commission (CFTC) has added New York to a list of states it is suing to block opposition to prediction markets. The legal action aims to counter efforts by states to regulate or ban these markets, which allow betting on future events.