NFL Supports New Jersey in SCOTUS Kalshi Petition

The NFL has filed an amicus brief urging the U.S. Supreme Court to take up a case connected to New Jersey’s challenge to prediction market platform

• The NFL has filed an amicus brief supporting New Jersey's petition to the Supreme Court regarding the regulation of prediction market platform Kalshi.
• The core issue is whether state authorities or the federal CFTC has jurisdiction over event contracts, with the NFL citing concerns about game integrity and manipulation.
• 39 states and D.C. have also supported New Jersey, warning of a 'national turf war' and seeking Supreme Court clarity on regulatory authority.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Cross jurisdictional policy, Market depth liquidity

Tags: #kalshi #predictionmarkets #nfl #cftc #supremecourt #newjersey #eventcontracts #gameintegrity #regulatoryjurisdiction #manipulation

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Prediction markets face hearing call from 11 Senate Democrats

Senate Banking Democrats seek a public hearing on prediction markets after Republicans met privately with Kalshi’s CEO.

• Senate Banking Democrats are calling for a public hearing on prediction markets, citing concerns about consumer impact and potential SEC oversight for certain contracts.
• The request follows private meetings between Republican members and prediction market executives, highlighting a growing regulatory debate fueled by increasing trading volumes and state disputes.
• Key issues include the classification of security-based swaps, market manipulation risks, and the distinction between federal derivatives oversight and state gambling laws.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Banking depository pilots

Tags: #predictionmarkets #senatebankingcommittee #kalshi #polymarket #secoversight #regulatorydebate #consumerprotection #marketintegrity #cftc #eventcontracts

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Robinhood Crypto.com Partnership Buys Venue Liquidity

Robinhood Crypto.com partnership: equity stakes in Crypto.com and OG.com route football contracts via CFTC rails. Stake size blank; score equity-for-flow.

• Robinhood is partnering with Crypto.com and OG.com by taking equity stakes, routing retail flow to their CFTC-regulated derivatives venues.
• This 'equity-for-flow' deal aims to secure venue liquidity and deepen Robinhood's offerings in prediction markets, particularly for event contracts.
• The article highlights the strategic importance of this partnership for both parties, while also noting undisclosed stake sizes and regulatory uncertainties surrounding sports event contracts.

Topics: Institutional adoption, Integration with defi, Legal regulatory, Asset manager initiatives, On chain treasury management, Securities law classification

Tags: #robinhood #cryptocom #ogcom #cftc #eventcontracts #predictionmarkets #equitystakes #venueliquidity #derivatives #retailflow

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Michigan Still Pursues Kalshi Ban as Supreme Court Case Nears

Michigan has escalated its efforts to rein in Kalshi, a prediction markets platform, by securing a preliminary injunction that blocks the company from offering event contracts to residents. The state’s attorney general said the order is meant to stop what officials described as “...

• Michigan has obtained a preliminary injunction to prevent Kalshi, a prediction market platform, from offering event contracts to state residents, citing concerns that it operates as disguised sports betting.
• The state's Attorney General Nessel framed the action as consumer protection against unlicensed practices, with potential daily fines for Kalshi if the order is violated.
• This legal battle highlights a broader jurisdictional dispute between state regulators and the CFTC over the oversight of prediction markets, with New Jersey petitioning the Supreme Court to weigh in.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Cross jurisdictional policy, Market depth liquidity

Tags: #kalshi #predictionmarkets #michigan #attorneygeneral #preliminaryinjunction #sportsbetting #cftc #jurisdiction #supremecourt #eventcontracts

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Crypto exchange Gate enters prediction market space with white-label builder for businesses | Fortune

After partnering with Polymarket, Gate is building its own tools for businesses seeking to offer event contracts.

• Crypto exchange Gate is launching a white-label builder for businesses to create their own prediction markets and event contracts.
• This move aims to capitalize on the growing popularity of prediction markets as a tool for gauging public sentiment and offers businesses an easier way to integrate such functionality.
• Gate is also supporting this initiative with a $3 million grant program for companies developing event contract products.

Topics: Infrastructure providers, Scalability, Integration with defi, Tokenization platforms, Growth metrics, Yield farming structured products

Tags: #predictionmarkets #gateexchange #eventcontracts #polymarket #web3applications #businessinfrastructure #publicsentiment #grantprogram #dexbuilder

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Former CFTC Commissioner: Wall Street has used these financial contracts for decades. Now a goat herder does too | Fortune

Because of prediction markets, for the first time ever, small businesses have access to risk management tools that Wall Street has used for years. 

• Prediction markets, like Kalshi, are democratizing access to risk management tools previously exclusive to Wall Street, enabling small businesses and individuals to hedge against real-world events.
• The article argues that event contracts, a form of derivative, are distinct from gambling and should be regulated under a federal framework similar to traditional financial markets, not piecemeal state-level restrictions.
• The author, a former CFTC commissioner, emphasizes the value of these markets for price discovery and risk transfer, highlighting their accuracy in predicting economic events and the need for uniform regulation to foster innovation.

Topics: Asset types, Legal regulatory, Scalability, Alternative assets, Securities law classification, Market depth liquidity

Tags: #predictionmarkets #eventcontracts #riskmanagement #derivatives #kalshi #smallbusinesses #commodityexchangeact #pricediscovery #regulatoryframework #financialinnovation

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Prospect Markets Becomes a Member of Crypto.com | Derivatives North America, a CFTC-Regulated U.S. Exchange

Membership on a CFTC-regulated U.S. exchange supports the Company's entry into U.S. prediction markets and the buildout of its Institutional Trading division.Vancouver, British Columbia--(Newsfile Corp. - August 24, 2026) - Prospect Prediction Markets Inc. TSXV:MKT (OTCQB: MKTSF) (FSE: DEP) ("Prosp…

• Prospect Markets, through its subsidiary Prospect Trading USA LLC, has become a member of Crypto.com | Derivatives North America (CDNA), a CFTC-regulated U.S. exchange.
• This membership is a strategic move to enter U.S. prediction markets and build out Prospect Markets' Institutional Trading division.
• The article also mentions Crypto.com's commitment to developing use cases including prediction markets and tokenized RWAs.

Topics: Institutional adoption, Jurisdictions, Blockchain usage, Banking depository pilots, Regulatory sandboxes pilots, Ethereum evm l 1 s

Tags: #prospectmarkets #cryptocomderivativesnorthamerica #cftcregulated #predictionmarkets #institutionaltrading #eventcontracts #tokenizedrwas

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Tensions Flare as CME, Kalshi Execs Clash Over Prediction Markets in DC

CME Group Chairman Terry Duffy and Kalshi co-founder Luana Lopes Lara traded barbs during a CFTC meeting over prediction markets, manipulation, and regulatory standards.

• Executives from CME Group and Kalshi clashed intensely at a CFTC meeting regarding the regulation and potential manipulation of prediction markets.
• The debate highlighted differing views on market integrity, regulatory oversight, and the classification of event contracts as derivatives or gambling products.
• The article underscores the ongoing regulatory battles and legal challenges surrounding prediction markets in the U.S., with significant implications for their future operation.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Market depth liquidity

Tags: #predictionmarkets #cftc #cmegroup #kalshi #marketmanipulation #regulatorystandards #eventcontracts #washingtondc #terryduffy #luanalopeslara

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Baltimore Targets Prediction Markets as Sports Betting Expansion

Baltimore and its mayor, Brendan Scott, have filed legal actions against two major prediction market platforms—Kalshi and Polymarket—arguing that the companies are conducting sports-betting activity without the required licenses and have misrepresented how their products are regu...

• Baltimore has filed lawsuits against prediction market platforms Kalshi and Polymarket, alleging they operate illegal, unlicensed sports-betting platforms and mislead users about their regulatory status in Maryland.
• The core of the dispute lies in whether 'event contracts' offered by these platforms constitute unlawful wagers under state law, challenging federal classifications by the CFTC that view them as 'swaps'.
• This legal action highlights a growing tension between federal and state regulatory approaches to prediction markets, with potential implications for the broader industry and possible Supreme Court review.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Market depth liquidity

Tags: #predictionmarkets #kalshi #polymarket #sportsbetting #licensing #maryland #cftc #eventcontracts #regulatorydispute #robinhood

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Brokers and Exchanges Chase New Clients. Each Company Is Betting on a Different Product to Get Them

The latest disclosures from brokers, exchanges and retail trading apps show firms experimenting with simpler or more topical products, while keeping their economics tied to the trading lines they a...

• Brokers and exchanges are experimenting with new products like tokenized stocks and event contracts to attract new clients, creating a split between user acquisition and revenue generation.
• While simpler products draw users in, established trading lines like CFDs and options remain the primary revenue drivers for companies like XTB, IG, and Robinhood.
• Exchanges like Binance and Coinbase are leveraging tokenized stocks and integrated platforms to bridge crypto users into traditional finance and offer a wider range of products.

Topics: Asset types, Institutional adoption, Integration with defi, Financial instruments, Alternative assets, Asset manager initiatives, Onboarding prime brokerage, Rwa collateral lending, Liquidity pools amms

Tags: #tokenizedstocks #brokers #exchanges #retailtrading #cfds #eventcontracts #robinhood #binance #coinbase #xtb

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Robinhood Posts Best Quarter Ever as Prediction Market and Robinhood Chain Take Off

Robinhood posted a record $1.31 billion in revenue in Q2. Prediction markets are now doing the work crypto used to for the company.

• Robinhood achieved a record $1.31 billion in Q2 revenue, driven by strong performance in equities, options, and a significant surge in prediction markets.
• Despite a decline in crypto trading revenue, Robinhood is expanding its crypto offerings with the successful launch of Robinhood Chain, a purpose-built Ethereum L2 for tokenized real-world assets.
• The company also introduced new products like Rothera, a prediction markets exchange, and agentic trading, indicating a strategic shift towards innovative financial products and services.

Topics: Institutional adoption, Blockchain usage, Scalability, Asset manager initiatives, Layer 2 scaling, Growth metrics

Tags: #robinhood #predictionmarkets #robinhoodchain #tokenizedrealworldassets #eventcontracts #rwa #ethereumlayer2 #stocktokens #agentictrading #financialresults

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Prediction markets and their opponents are spending more to influence Congress in 2026

Kalshi and groups representing the casino and gaming industry and online sports betting apps, all have boosted their lobbying spending in 2026.

• Prediction market platforms like Kalshi and Polymarket are significantly increasing their lobbying spending in Washington to influence lawmakers amidst growing regulatory scrutiny.
• The gambling and casino industry is also escalating its lobbying efforts to counter prediction markets, leading to a heated debate over the classification of event contracts as either innovative financial products or illegal sports betting.
• Despite increased lobbying, legislative action on prediction markets is unlikely in 2026 due to the upcoming elections, with focus shifting to potential CFTC rule-making and ongoing investigations into insider trading concerns.

Topics: Political endorsements opposition, Legal regulatory, Pro innovation government policy, Legislative debates, Securities law classification

Tags: #predictionmarkets #kalshi #polymarket #lobbying #congress #insidertrading #cftc #gamblingindustry #regulatoryscrutiny #eventcontracts

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Augur returns with decentralized layer for disputed prediction markets

Augur has returned with a proposed resolution system and a two-month token migration test as prediction markets draw increased institutional scrutiny. According to a press release shared with crypto.news, the Lituus Foundation announced the relaunch alongside the Augur Lituus whi...

• Augur is relaunching with a decentralized resolution system for disputed prediction markets, aiming to provide infrastructure for other protocols.
• A two-month 'Moon Fork' token migration test is underway for REP holders, simulating dispute resolution and user coordination.
• The move comes amid increased institutional scrutiny of prediction markets due to insider-trading concerns, with major banks implementing stricter employee policies.

Topics: Legal regulatory, Infrastructure providers, Scalability, Enforcement actions litigation, Tokenization platforms, Market depth liquidity

Tags: #augur #predictionmarkets #resolutionsystem #tokenmigration #lituusfoundation #reptoken #decentralizedoracle #economicincentives #insidertrading #eventcontracts

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Stanford study exposes Polymarket flaw that rewards Bitcoin manipulation

Stanford researchers say Polymarket's five-minute Bitcoin markets may reward price manipulation, costing retail traders an estimated $1.28 million.

• A Stanford study reveals that Polymarket's five-minute Bitcoin prediction markets incentivize price manipulation, potentially costing retail traders $1.28 million.
• The manipulation stems from the settlement design, which relies on Chainlink price feeds, allowing large traders to influence the spot price before contracts settle.
• Researchers suggest longer settlement windows and alternative pricing methods could mitigate this risk, a concern also relevant for traditional exchanges considering similar event contracts.

Topics: Asset types, Blockchain usage, Legal regulatory, Alternative assets, Ethereum evm l 1 s, Securities law classification

Tags: #polymarket #bitcoin #pricemanipulation #stanforduniversity #chainlink #settlementdesign #retailtraders #eventcontracts #predictionmarkets #cftc

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Stanford Study Examines Manipulation in Polymarket Bitcoin Contracts

• A Stanford study found that Polymarket's short-duration Bitcoin prediction markets incentivize manipulation, leading to profit transfer from retail to sophisticated traders.
• The manipulation occurs around settlement times due to reliance on specific price feeds, but extending contract durations significantly reduces this effect.
• The findings have implications for both crypto prediction markets and traditional exchanges considering similar event contracts, highlighting the importance of settlement design and regulatory oversight.

Topics: Asset types, Legal regulatory, Scalability, Alternative assets, Securities law classification, Market depth liquidity

Tags: #polymarket #bitcoin #predictionmarkets #marketmanipulation #chainlink #settlementdesign #retailtraders #eventcontracts #cftc #worldcup

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Harmonizing the Divide: SEC and CFTC Request Comment on Derivatives Jurisdiction and Definitions

The SEC and the CFTC are seeking comment on fifteen questions related to Title VII of Dodd-Frank, which divides authority over swaps markets between the SEC and the CFTC.

• The SEC and CFTC are seeking public comment on harmonizing definitions and regulatory approaches for derivatives, particularly swaps and security-based swaps.
• The request addresses jurisdictional divides, innovative products like event contracts and synthetic tokenized securities, and potential for alternative compliance frameworks.
• This initiative aims to reduce regulatory gaps, provide greater certainty to market participants, and shape the future regulatory landscape for these financial instruments.

Topics: Legal regulatory, Jurisdictions, Securities law classification, Cross jurisdictional policy

Tags: #sec #cftc #doddfrank #swaps #securitybasedswaps #jurisdiction #eventcontracts #tokenizedsecurities #alternativecompliance #regulatoryharmonization

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CFTC Sues Kentucky To Shield Kalshi And Polymarket Event Contracts

The CFTC has sued Kentucky regulators in federal court as the battle over prediction markets and state gambling laws intensifies.

• The CFTC is suing Kentucky regulators in federal court to assert federal authority over prediction markets like Kalshi and Polymarket, arguing they are federally regulated derivatives, not state-controlled gambling products.
• This legal battle highlights the ongoing tension between emerging market structures and existing regulatory categories, with potential implications for national compliance frameworks and market growth.
• The outcome could significantly influence how prediction markets are defined and regulated across the US, impacting their ability to launch new markets and their overall market size.

Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Cross jurisdictional policy, Market depth liquidity

Tags: #cftc #kentucky #kalshi #polymarket #predictionmarkets #eventcontracts #gamblinglaws #derivatives #federalregulation #stateregulation

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Kalshi IPO Talk Shows Prediction Markets Are Moving Into Wall Street’s Mainstream

Kalshi has reportedly held early IPO talks as prediction-market revenue surges, showing how event contracts are moving toward Wall Street.

• Kalshi, a prediction market platform, is reportedly in early IPO discussions, signaling a move towards mainstream financial markets.
• The company's annualized revenue has surged past $2 billion, driven by sports and event contracts, attracting institutional interest.
• Investment banks are being asked to integrate with Kalshi's platform, suggesting prediction markets could become a significant distribution channel for financial institutions.

Topics: Institutional adoption, Scalability, Legal regulatory, Institutional capital inflows, Market depth liquidity, Securities law classification

Tags: #kalshi #ipo #predictionmarkets #eventcontracts #wallstreet #revenue #institutionalclients #regulatoryscrutiny #fintech #derivatives

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Kalshi Enters Canada Through Wealthsimple Prediction Markets App

• Wealthsimple is launching a prediction markets app in Canada, powered by Kalshi, offering access to 4,000 event contracts after receiving regulatory approval.
• This expansion into Canada occurs as Kalshi also enters the crypto perpetual futures market, facing legal challenges from CME Group over regulatory classification.
• Prediction markets continue to face regulatory scrutiny globally, with differing approaches in Canada, the US, Spain, Indonesia, and Japan, highlighting ongoing debates about their classification as gambling or derivatives.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Regulatory sandboxes pilots, Securities law classification, Tokenization platforms

Tags: #kalshi #wealthsimple #predictionmarkets #canada #regulatoryapproval #derivatives #cftc #cmegroup #perpetualfutures #eventcontracts

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Gaming Industry Urges Congress to Halt Sports Betting via CLARITY Act

US gaming and tribal-related organizations, along with labor groups, are urging lawmakers to tighten federal rules around crypto-linked prediction markets. In a letter reported by Semafor, they ask the Senate to include language in the Digital Asset Market Clarity (CLARITY) Act t...

• The gaming industry, including tribal organizations, is urging Congress to explicitly prohibit sports betting via prediction markets within the CLARITY Act.
• The core argument is that sports betting falls under state and tribal regulatory frameworks, not the CFTC, which is asserting exclusive jurisdiction.
• This legislative push highlights a significant jurisdictional conflict between federal regulators and existing state/tribal gambling laws, with potential implications for future enforcement and even Supreme Court cases.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Cross jurisdictional policy, Private enterprise ledgers

Tags: #clarityact #predictionmarkets #sportsbetting #cftc #gamingindustry #jurisdiction #regulation #eventcontracts #congress #tribalorganizations

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