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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Is Kalshi Under CFTC Review? Company Responds

Kalshi denies reports of a formal CFTC investigation as questions grow over repeated trade sizes in its crypto perpetual markets.

• Kalshi denies reports of a formal CFTC investigation into its crypto perpetual markets, attributing unusual trade sizes to its liquidity incentive program.
• The company stated that the CFTC has not contacted them and that they regularly submit trading data, making routine reviews unsurvivable.
• The article highlights the growing regulatory focus on prediction markets and crypto-linked derivatives as the sector expands.

Topics: Legal regulatory, Blockchain usage, Institutional adoption, Enforcement actions litigation, Ethereum evm l 1 s, Banking depository pilots

Tags: #kalshi #cftc #investigation #bitcoin #ether #perpetualmarkets #washtrading #liquidityincentives #regulatoryscrutiny #tradingpatterns

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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 CEO Says Crypto Will Beat Sports at Prediction Markets' Own Game

Robinhood CEO Vlad Tenev says crypto event contracts are already outpacing sports bets, and could become the platform's dominant category within a few years.

• Robinhood CEO Vlad Tenev believes crypto event contracts will surpass sports betting in popularity on their prediction markets platform within a few years.
• Prediction markets, regulated as derivatives by the CFTC, allow trading on the outcomes of various events, including crypto market developments and legislation.
• Despite regulatory scrutiny and competition, Tenev frames these markets as a way to monetize insights and promote a society with broader ownership of financial assets.

Topics: Institutional adoption, Integration with defi, Legal regulatory, Asset manager initiatives, Rwa collateral lending, Securities law classification

Tags: #robinhood #vladtenev #predictionmarkets #cryptoeventcontracts #sportsbetting #cftc #derivatives #kalshi #ogcom #ownership

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Kalshi Files to Launch US Crypto-Linked Perpetual Futures on Coinbase

Kalshi has filed with U.S. regulators to launch perpetual futures contracts linked to individual U.S. stocks, a move that would extend a crypto-style derivatives structure into traditional equity markets. The company’s proposal was submitted to the Securities and Exchange Commiss...

• Kalshi has filed with U.S. regulators to launch perpetual futures contracts linked to individual U.S. stocks, adopting a crypto-style derivatives structure.
• Coinbase and Payward (Kraken's parent company) have submitted similar proposals, indicating a growing competition to adapt perpetual contract mechanics to equity instruments.
• These filings occur amidst regulatory uncertainty following the failure of the CLARITY Act, with regulators signaling a willingness to act within existing authority.

Topics: Asset types, Legal regulatory, Institutional adoption, Financial instruments, Securities law classification, Asset manager initiatives

Tags: #kalshi #coinbase #perpetualfutures #usstocks #cryptoderivatives #sec #cftc #rulechange #fundingpayments #securityfutures

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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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Kalshi sports contracts dispute heads to Supreme Court

New Jersey has asked the U.S. Supreme Court to decide whether federal derivatives law prevents states from regulating sports contracts offered by CFTC-registered prediction markets. A Sept. 2 court filing shows that New Jersey has petitioned the Supreme Court for…

• New Jersey has petitioned the U.S. Supreme Court to review a Third Circuit decision that favored Kalshi, a CFTC-registered prediction market, in a dispute over whether federal derivatives law preempts state gambling regulations for sports contracts.
• The core of the dispute lies in whether Kalshi's sports contracts are considered federally regulated swaps or state-regulated wagers, with conflicting rulings from the Third and Ninth Circuit Courts of Appeals creating legal uncertainty across different states.
• Despite ongoing legal challenges, prediction market platforms like Kalshi and Polymarket continue to attract significant private investment, indicating strong market interest in the sector.

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

Tags: #kalshi #newjersey #supremecourt #cftc #derivativeslaw #sportscontracts #predictionmarkets #doddfrankact #federalpreemption #gamblinglaws

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When Will the CLARITY Act Become a Law? See the Latest from Prediction Markets

See the latest prediction markets for the Clarity Act to become law as the Senate will soon vote on the proposed legislation.

• The CLARITY Act, a proposed digital asset regulatory framework, is nearing a Senate vote on September 15th, with the House having already passed it.
• Prediction markets are actively tracking the bill's progress, with significant volume indicating user interest in its potential passage and timing.
• The article highlights the partisan divide and political calculations influencing the bill's future, particularly in light of upcoming midterm elections and past crypto-related scandals like FTX.

Topics: Legal regulatory, Jurisdictions, Institutional adoption, Securities law classification, Regulatory sandboxes pilots, Onboarding prime brokerage

Tags: #clarityact #digitalassetregulation #predictionmarkets #senatevote #sec #cftc #ftx #congress #kalshi

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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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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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Kalshi Adds Sports & Crypto Perps Data Feed on DoubleZero

Prediction market operator Kalshi is expanding how its real-time trading information reaches market participants by partnering with DoubleZero Edge for

• Kalshi is partnering with DoubleZero Edge to distribute its real-time order book data for sports and crypto perpetuals event contracts via a dedicated fiber network.
• This integration aims to address the lack of fast, machine-readable market data in prediction markets, benefiting institutional and technical users with lower latency.
• The announcement comes amidst ongoing regulatory disputes regarding the classification of Kalshi's event contracts as either sports wagers or CFTC-regulated derivatives.

Topics: Infrastructure providers, Legal regulatory, Blockchain usage, Tokenization platforms, Enforcement actions litigation, Ethereum evm l 1 s

Tags: #kalshi #doublezeroedge #predictionmarkets #datafeed #sportscontracts #cryptoperpetuals #orderbook #cftc #regulatorydispute #derivatives

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Kalshi demands Netflix take down trailer for ‘misleading’ prediction market documentary

The prediction market Kalshi threatened legal action against Netflix, claiming a trailer for its upcoming documentary contains defamatory and “fabricated” content.

• Kalshi is threatening legal action against Netflix over a trailer for its upcoming documentary, 'The Prediction Games,' alleging defamatory and fabricated content.
• The dispute centers on a trailer that Kalshi claims misrepresents its platform, showing trades in violation of a court order, though Netflix states the footage is from 2025, predating the order.
• The article highlights the ongoing regulatory scrutiny and legal challenges faced by prediction markets like Kalshi and Polymarket, with states attempting to enforce gaming laws against them.

Topics: Legal regulatory, Jurisdictions, Scalability, Enforcement actions litigation, Regulatory sandboxes pilots, Market depth liquidity

Tags: #kalshi #netflix #predictionmarkets #documentary #legalaction #defamatorycontent #nevadagamingcommission #courtorder #worldcup #tarekmansour

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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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Kalshi Moves Ahead with First Expansion Beyond Crypto Perpetual Futures

• Kalshi is expanding its offerings beyond crypto perpetual futures to include precious metals.
• This move involves a formal regulatory filing, marking a significant step in diversifying its asset classes.
• The expansion into traditional assets like gold signifies a broader ambition for the exchange.

Topics: Asset types, Legal regulatory, Alternative assets, Securities law classification

Tags: #kalshi #preciousmetals #cryptoperpetualfutures #regulatoryfiling #expansion #traditionalassets #commodities #derivatives

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Prediction markets surge to nearly 5% of crypto spot exchange volume

• Prediction markets have seen a significant surge in volume, now representing nearly 5% of crypto spot exchange volume, up from 1% six months prior.
• Platforms like Polymarket and Kalshi are leading this growth, with Binance also expanding its offerings, driven by interest in sports, politics, and crypto-related events.
• Despite impressive aggregate volume, investors must be cautious of thin liquidity in individual contracts, which poses execution risks for larger positions.

Topics: Scalability, Institutional adoption, Integration with defi, Growth metrics, Institutional capital inflows, Rwa collateral lending

Tags: #predictionmarkets #cryptovolume #polymarket #kalshi #usdc #binance #liquidity #sportsbetting #politicalmarkets #cryptomarkets

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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 blasts Illinois sports betting law with fresh lawsuit

Kalshi has filed a federal lawsuit challenging a new Illinois law that would require prediction market platforms offering sports event contracts to obtain state licenses before operating. According to a filing submitted Tuesday in the U.S. District Court for the…

• Kalshi has filed a federal lawsuit against Illinois, challenging a new law that would require licensing for prediction market platforms offering sports event contracts.
• Kalshi argues the Illinois law unlawfully interferes with federal authority under the Commodity Exchange Act, creating conflicts with CFTC regulations and imposing unrecoverable costs.
• The lawsuit highlights a growing tension between state and federal oversight of prediction markets, occurring as Kalshi expands its business and crypto product offerings.

Topics: Legal regulatory, Jurisdictions, Blockchain usage, Securities law classification, Cross jurisdictional policy, Ethereum evm l 1 s

Tags: #kalshi #illinoissportsbettinglaw #predictionmarkets #federallawsuit #cftc #commodityexchangeact #statelicensing #sportseventcontracts #regulatoryconflict #cryptotransactionstax

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Michael Selig draws line between crypto perps and corn futures

CFTC Chair Michael Selig says crypto perpetual futures differ from agricultural contracts as regulators review derivatives rules and CBOE weighs perps.

• CFTC Chair Michael Selig distinguished crypto perpetual futures from agricultural contracts, stating the former are not suitable for markets reliant on physical delivery.
• A joint CFTC and SEC review of derivatives definitions could impact the regulation of crypto perpetuals, with potential reclassification from futures to swaps.
• Established exchanges like CBOE are exploring crypto perpetual futures, while legal challenges and regulatory uncertainty persist around CFTC approvals.

Topics: Legal regulatory, Blockchain usage, Institutional adoption, Securities law classification, Ethereum evm l 1 s, Banking depository pilots

Tags: #cftc #michaelselig #cryptoperpetualfutures #agriculturalmarkets #derivatives #kalshi #cboe #sec #doddfrankact #digitalassets

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Zuckerberg Taps Meta Teams to Build Moneyless Prediction Markets: NYT

Meta CEO Mark Zuckerberg has reportedly pushed for the creation of a new prediction markets mobile app—code-named “Arena”—a move that could intensify competition in a sector that has already drawn close attention from US regulators and lawmakers. In a New York Times report publis...

• Meta CEO Mark Zuckerberg is reportedly directing teams to build a new prediction markets mobile app called 'Arena', which will use a points-based system instead of direct monetary betting.
• This move could intensify competition with existing platforms like Kalshi and Polymarket, while also attracting significant regulatory attention due to concerns over insider trading and the nature of financial products.
• Meta's history with crypto-adjacent products, including its stablecoin efforts, suggests that 'Arena' will be closely scrutinized by regulators and lawmakers.

Topics: Legal regulatory, Scalability, Institutional adoption, Securities law classification, Growth metrics, Onboarding prime brokerage

Tags: #meta #zuckerberg #arena #predictionmarkets #regulatoryscrutiny #pointsbasedsystem #kalshi #polymarket #insidertrading #stablecoin

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