Kalshi off-limits in multiple states as prediction markets, CFTC team up for battle
Washington state is cut off for Kalshi customers while the company combats the development in court and its federal regulator keeps pursuing new rules.
Prediction
U.S. regulator warns prediction markets against cutting corners in event contracts
The U.S. Commodity Futures Trading Commission, which has claimed a role as the leading regulator of prediction markets firms run by companies such as Kalshi, Coinbase, Polymarket and Crypto.com, issued an advisory on Friday reminding the businesses that they shouldn’t cut corners with far-ranging contract… Read More
Schwab to join prediction markets race with S&P 500 event-based options: WSJ
Charles Schwab is working with Cboe Global Markets to launch a new type of options contract that would allow customers to make yes-or-no wagers on the performance of the S&P 500, marking the brokerage’s first move into prediction markets, according to a Wall Street Journal… Read More
Kentucky targets prediction markets, puts red state in potential clash with Trump team
“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the states that have filed such a challenge against the prediction markets have met with counter suits from the CFTC, where… Read More
Trump praises prediction markets, defends CFTC as court cases compound
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig in a post on Truth Social, his social media platform, late Tuesday afternoon. “Under my leadership, we are setting ‘rules of the… Read More
Sports betting should be regulated as a financial product, not gambling, aspiring prediction market provider says
MIAMI BEACH, Fla. — Sports betting should be regulated as a federal financial product rather than a state-licensed casino product, two panelists said Thursday. Appearing at Consensus Miami 2026, Jacob Fortinsky, co-founder and CEO of sports betting platform Novig, said the legacy sportsbook model is… Read More