Regulatory
Wall Street Wants to Bring Election Bets Into Brokerage Accounts
Roundhill Investments has asked the US Securities and Exchange Commission for permission to launch six ETFs that would let investors wager on US election outcomes through standard brokerage accounts — the most ambitious attempt yet to bring prediction markets into mainstream finance. The proposed exchange-traded funds, disclosed in a filing
Rules & Mandates - CFTC defends its right to prediction market enforcement as states challenge platforms
CFTC Chairman Michael Selig said the agency has filed an amicus brief in federal court to assert its authority over prediction market enforcement and regulation.
States Encroach on Prediction Markets
The CFTC, the legitimate regulator of these financial instruments, backs Crypto.com in a lawsuit appeal.
CFTC Forms 35 Member Committee Focused On Event Contracts And AI
Committee brings together leaders from prediction markets, sports betting, finance, and blockchain. CEOs from Polymarket, Kalshi, DraftKings, and FanDuel will sit alongside Nasdaq leadership. Group will advise regulators on event contracts, digital assets, and AI influence on trading markets.
SEC Chair Suggests Some Prediction Markets Could Fall Under Agency’s Jurisdiction
This potential move challenges the CFTC, which has been the sector's primary regulator.
Israelis Charged With Using Classified Intel for Polymarket Bets
Israeli authorities have filed charges against two suspects accused of using classified information to place bets on prediction platform Polymarket.
Polymarket sues Massachusetts, claims states can’t regulate prediction markets
As Kalshi blocks Massachusetts users, Polymarket is escalating the battle to the federal court, claiming state gambling laws can't touch CFTC-regulated prediction markets.
Jump Trading Stakes Bets on Prediction Market Boom With Kalshi, Polymarket Deals
Major trading firm swaps liquidity provision for equity stakes as prediction platforms attract institutional capital
Judge bans Kalshi from offering sports-events contracts in Massachusetts in 30 days
A Massachusetts judge on Friday rejected a request by prediction-markets operator Kalshi to allow it to keep offering sports-events contracts in the state while it appeals an injunction that will lead to it being banned from operating there without a state gaming license in 30 days.Suffolk County
Rules & Mandates - CFTC Withdraws Proposal Banning Prediction Market Sports Betting
The head of the Commodity Futures Trading Commission said the agency has withdrawn a Biden-era proposal that called for prohibiting sports and politics-related wagers on prediction markets. “The 2024 event contracts proposal reflected the prior administration’s frolic into merit regulation with an outright prohibition on political contracts
CFTC to Craft New Prediction Market Rules, Chairman Says
Wall Street’s main derivatives regulator will write new rules for the multi-billion dollar prediction markets industry, the head of the Commodity Futures Trading Commission said Thursday. “It is time for clear rules and a clear understanding that the CFTC supports lawful innovation in these markets,” Chairman Michael Selig
Matchbook to Launch UK Prediction Markets Ahead of US Entry
Matchbook, a sports betting exchange, is launching a prediction market platform in the UK as it prepares to compete with rivals Kalshi and Polymarket in the US. The British debut in January will be a “road test” of its technology before Matchbook — registered in Guernsey — obtains US regulatory approval, which
