Latest News and Updates from the CFTC
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AI-GENERATEDCFTC Bans Sportsbook-Style Odds on Prediction Markets
The Commodity Futures Trading Commission is forcing prediction markets like Kalshi to abandon American odds. Firms must confirm compliance by August 31, 2026.
AI-GENERATEDUS Regulator Warns of Prediction Market Fragmentation by Individual States
CFTC Chairman Michael Selig criticizes state-level regulation attempts like New York’s $36 billion lawsuit against Kalshi, calling it a threat to the national market.
AI-GENERATEDiGaming Shift: IG Group Acquires Underdog and Austria Ends Gambling Monopoly
IG Group agrees to buy US operator Underdog for up to $1.3 billion, while Austria notifies the EU of its move to end the national online casino monopoly.
AI-GENERATEDSportradar Bullish on Prediction Markets Despite US Regulatory Hurdles
CEO Carsten Koerl identifies prediction markets as a primary growth engine for Sportradar. Partnerships with Kalshi and Polymarket aim to boost revenue to double-digit millions by 2026.
AI-GENERATEDPolymarket Secures Sponsorship Deal with New York Yankees Amid Regulatory Scrutiny
Prediction market platform Polymarket has signed a partnership with the New York Yankees for the 2026 MLB season, despite facing legal challenges in France and the US.
AI-GENERATEDUS Senators Push for Ban on Wildfire and Natural Disaster Betting
A group of US Senators is urging the CFTC to block prediction markets from offering contracts on natural disasters after $1.2 million was wagered on California wildfires.
AI-GENERATEDUtah Gambling Ruling: Federal Judge Blocks Prediction Market Kalshi
A federal judge has ruled that Utah can enforce its strict anti-gambling laws against platforms like Kalshi and Polymarket, marking a significant legal shift.
AI-GENERATEDNovig Sues New York Over Prediction Markets and Launches Nationwide Platform
Novig is taking legal action against New York authorities to secure its status as a regulated exchange, as the state seeks $36 billion in damages from competitor Kalshi.
AI-GENERATEDItalian Court Upholds Polymarket Block: Major Setback for Prediction Markets
The Lazio court rejected Polymarket's request to lift a site-blocking order by ADM. The platform lost its three-year sponsorship deal with Lazio Roma immediately following the ruling.
AI-GENERATEDUS Tribal Leaders Push for Prediction Market Crackdown via Clarity Act
Tribal gaming regulators and US senators seek to amend the Clarity Act to reclassify prediction markets, as Kalshi volume hit $535 million in 2024.
AI-GENERATEDGenius Sports and Polymarket: Live Streaming Meets Prediction Markets
Genius Sports will provide exclusive live data and streaming rights to Polymarket. Meanwhile, a multimillion-dollar MLB deal is causing a stir among traditional bookmakers.
AI-GENERATEDAustralian Regulator ASIC Issues Stark Warning on Prediction Markets
ASIC warns that no prediction markets are currently licensed in Australia. Data shows that 68% of retail investors lose money on similar products like CFDs.
AI-GENERATEDKalshi Legal War: Iowa Seeks to Ban Prediction Markets as Gambling
Prediction market operator Kalshi is fighting Iowa officials in federal court to prevent the enforcement of state gambling laws on its CFTC-regulated event contracts.
AI-GENERATEDATP Tour and Polymarket: Exclusive Deal for Tennis Prediction Markets
The ATP Tour partners with Polymarket to offer US users livestreams and trading contracts for approximately 20,000 matches per season.
AI-GENERATEDGeorge Santos Fined $35,000 for Manipulating Political Prediction Markets
Former Congressman George Santos has been fined by the CFTC for misleading traders on the Kalshi platform. He must repay over $17,500 in illicit profits.