sports event contracts
Coverage of sports event contracts in the Nexus archive.
- Kalshi files same-day appeal of NY court's rejection of bid to block state gambling law enforcement
Kalshi filed an appeal with the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts. The company sought to prevent enforcement of state gambling regulations on its operations.
- Kentucky sues Kalshi, Polymarket, joining prediction market legal battle
Kentucky has filed a lawsuit against Polymarket, Kalshi, and their partners Coinbase, Robinhood, and Webull, alleging the offering of sports event contracts in the state. The case involves legal challenges to prediction market activities.
- CFTC sues New Mexico over prediction market jurisdiction
The CFTC has sued New Mexico over jurisdictional claims related to prediction markets. Gary Gensler expressed skepticism about regulators' authority over sports event contracts.
- CFTC proposes framework favoring sports event contracts over gambling
The CFTC proposes rules to prioritize sports event contracts over gambling, preserving election markets and enabling sports-based prediction contracts while restricting bets that might lead to manipulation.
- Wisconsin sues Kalshi, Polymarket, Robinhood, Crypto.com and Coinbase over sports event contracts
The Wisconsin Department of Justice has filed a lawsuit against Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, alleging that their sports event contracts violate state gambling laws. The case centers on whether these companies' offerings constitute illegal wagering under Wisconsin law.