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A new advisory from the US Commodity Futures Trading Commission (CFTC) could potentially reshape the debate around sports prediction markets. As platforms continue to offer contracts tied to real-world outcomes, from elections to the Super Bowl, regulators are signaling they may be willing to oversee the industry rather than shut it down altogether.
For years, prediction markets, or the like...
Legal sports wagering in the United States keeps expanding as the NCAA basketball tournaments approach, but the industry’s main trade group says a new wave of prediction market advertising could complicate oversight and weaken consumer protections.
Fresh estimates from the American Gaming Association (AGA) show Americans are on track to legally bet about $3.3 billion on the NCAA Division I...
A group of Republican and Democratic lawmakers in the U.S. House has rolled out new legislation designed to expand prevention, treatment and recovery services for people struggling with gambling addiction. The proposal is said to be one of the most significant federal attempts in more than a decade to address the growing public health concerns tied to legalized betting.
The measure is called...
Tallahassee police say two people connected to a local property management company are facing fraud charges after investigators uncovered spending that allegedly included gambling and other personal expenses using a client’s funds.
Investigators with the Tallahassee Police Department arrested Miranda Ard, 42, and Timothy Ard, 47, following an investigation into financial activity involving...
Maine legislators are advancing a proposal that would outlaw a category of internet-based casino-style games often marketed as online sweepstakes platforms. Supporters of the measure say it would close a gap in state gambling law, while critics argue it would wipe out a popular form of digital entertainment used by thousands of residents.
The measure, LD 2007 (SP 825), carries the title “An...
Indiana has adopted a wide-ranging regulatory measure that reshapes how the state handles certain sweepstakes-style online games. Governor Mike Braun signed House Bill 1052 into law on March 12, 2026, setting new limits on digital gaming products often tied to social-casino platforms.
State lawmakers approved the bill earlier in the legislative session, according to official records from the...
A federal bankruptcy judge in Chicago has turned down a request from Hawthorne Race Course and related companies to speed up a court hearing connected to their Chapter 11 restructuring.
In a March 11 order, U.S. Bankruptcy Judge Timothy A. Barnes declined the companies’ attempt to schedule an emergency hearing tied to a motion seeking extra time to file required financial disclosures. The...
A federal judge in Nevada has refused to put a legal fight between state regulators and prediction-market operator Kalshi on hold, clearing the way for the dispute to return to state court.
U.S. District Judge Miranda M. Du ruled Thursday (March 12) that Kalshi does not qualify for an automatic pause of the proceedings and also failed to meet the legal threshold required for a discretionary...
Prediction markets in the U.S. just received a clear signal from regulators that the sector is expanding quickly, and federal oversight is moving in step.
On Thursday (March 12), the U.S. Commodity Futures Trading Commission’s (CFTC) Division of Market Oversight released new guidance addressing event-based derivatives or markets, including contracts tied to sports, politics, and other real-...
A federally regulated prediction market is taking Iowa officials to court, arguing the state is threatening to crack down on trading activity that federal law already oversees.
Kalshi, a New York–based derivatives exchange, filed a complaint in the U.S. District Court for the Southern District of Iowa asking a judge to stop potential enforcement by the state. The company says Iowa’s attorney...