Prediction Markets

CFTC Seeks Public Input on Framework for Sports and Prediction Markets

The CFTC has proposed new rules for prediction markets, including sports-event contracts, and is seeking public comment for 90 days.

Kalshi Faces Dual Lawsuits in New Mexico Over Alleged Unlawful Sports Betting

New Mexico joins seven states suing Kalshi over sports betting. The state AG and four tribal nations allege Kalshi operates an unlicensed sportsbook and allows underage wagering.

Rep. Titus Calls for Federal Probe of CFTC Over Prediction Market Power Grab

Rep. Dina Titus and two House colleagues have asked the CFTC's inspector general to investigate the agency's multi-state litigation campaign over prediction market sports contracts.

Move Over, Bloomberg: Kalshi Is Building a Terminal for Prediction Market Pros

Prediction market giant Kalshi is developing a pro-grade trading dashboard for its most active users, as the $22 billion company expands into CFTC-regulated crypto perpetual futures.

George Santos Under Federal Investigation Over Kalshi Prediction Market Trades

Former Rep. George Santos is under investigation after Kalshi flagged trading tied to State of the Union attendance markets.

Kalshi’s $1 Million World Cup Prize Giveaway is Live!

Kalshi is giving away $1M in prizes for predicting and choosing the country that will win the World Cup tournament. Free to play!

DraftKings Expands Prediction Markets Through New DKeX Platform

DraftKings has self-certified its first in-house sports event contracts through Railbird's DKeX exchange, advancing its prediction market and super app strategy.

CFTC Pays $8M in Whistleblower Awards After Fraud Investigation

The CFTC awarded more than $8 million to five whistleblowers whose information helped uncover a fraud scheme and recover funds for investors.

Galaxy Digital Brings Prediction Markets to Wall Street With New OTC Trading Desk

As prediction markets go mainstream on Wall Street, Galaxy Digital debuts an OTC trading desk for institutions — starting with a $10M bet on U.S. crypto legislation.