Federal and state courts have split over whether Kalshi’s event‑based contracts are gambling or federally regulated derivatives: a Nevada court…
Tag: Commodity Exchange Act
CFTC sues Arizona, Connecticut and Illinois — a federal preemption fight that will decide whether prediction markets are swaps or state-controlled gambling
The Commodity Futures Trading Commission filed suits in April 2026 against Arizona, Connecticut and Illinois to block those states from…
Prediction markets aren’t unregulated gambling — the CFTC has moved to treat them as federally supervised derivatives
The Commodity Futures Trading Commission has shifted from a hands-off posture to declaring prediction markets subject to federal oversight, asserting…