Latest News and Updates from the CFTC
AI-GENERATEDCourt Defeat: Prediction Markets Ruled as Illegal Gambling in the US
A US appeals court confirms Nevada's right to regulate sports betting exchanges like KalshiEX. Judge Ryan Nelson sees little difference from traditional gambling.
AI-GENERATEDPrediction Market Insider Trading: US Authorities Expand Major Investigations
US federal prosecutors and the CFTC are investigating new insider trading cases on platforms like Polymarket, involving soldiers and analysts with profits exceeding $1 million.
AI-GENERATEDCanada: Financial Regulators Reject Oversight of Prediction Markets
CSA and CIRO clarify that sports and entertainment wagers do not fall under securities law. The market is projected to reach $10 billion by 2030.
AI-GENERATEDDraftKings Enters Crypto Prediction Markets: 5-Minute Contracts for Bitcoin and Ethereum
DraftKings expands its platform with ultra-short-term crypto prediction markets. Trading volume for 15-minute Bitcoin contracts at Kalshi soared to $4 billion in July.
AI-GENERATEDUS Supreme Court Expected to Decide Future of Sports Prediction Markets
A legal battle involving roughly 80 cases in the U.S. could dissolve the line between financial markets and gambling, with a Supreme Court ruling on the horizon.
AI-GENERATEDScam Allegations: Gene Johnson Slams Rise of Prediction Markets
Industry expert Gene Johnson calls federal prediction markets a massive scam, as a US soldier faces charges for a $410,000 insider trading win.
AI-GENERATEDPolymarket Circumvents NFL Injury Betting Ban with New Participation Markets
Prediction platform Polymarket is launching markets for the 2026 NFL season based on player availability, bypassing CFTC restrictions on injury-related wagering.
AI-GENERATEDNovig Pauses Lawsuits in Massachusetts and New Mexico
Prediction market operator Novig is halting its litigation against state regulators. In New Mexico, the case has been stayed until August 13, 2027, pending federal rulings.
AI-GENERATEDGemini and Apex Partner to Bring Prediction Markets to Millions of Retail Investors
Gemini and Apex Fintech Solutions aim to integrate prediction markets into retail brokerage platforms, reaching tens of millions of potential traders with event contracts.
AI-GENERATEDPrediction Market Rulings and Florida Sweeps Lead Gambling Stories To Watch
Litigation updates for Kalshi and Polymarket alongside a sweepstakes crackdown in Florida dominate the industry headlines in August 2026.
AI-GENERATEDTrump’s Crypto Bill Faces Failure: Conflict Over Prediction Markets and Tribes Escalates
Analysts predict the Clarity Act will fail in the U.S. Congress, while Nevada secures a legal victory with a 14-day ban on Kalshi's unauthorized betting contracts.
AI-GENERATEDWashington Conflict: Prediction Markets and Manipulation Allegations in Focus
The first meeting of the CFTC Innovation Advisory Committee saw a clash between CME and Kalshi over insider trading and sports betting contracts involving six-figure profits.
AI-GENERATEDCantor Fitzgerald Launches Block Trading for Prediction Markets
Investment bank Cantor Fitzgerald introduces institutional block trading for event contracts on regulated markets, providing large-scale access for professional investors on Kalshi.
AI-GENERATEDAlpaca Enters Prediction Markets: New API for Event Contracts
Trading API provider Alpaca has secured NFA membership and CFTC registration as a Futures Commission Merchant to offer event contracts on prediction markets.
AI-GENERATEDNovig Sues Wisconsin Officials: Legal Battle Over Prediction Markets Escalates
Prediction market operator Novig has filed a lawsuit in Wisconsin, claiming its sports event contracts should fall under federal CFTC oversight rather than state gambling laws.