Kalshi is set to hit $200B in trading volume as prediction markets expand into MLB sponsorships, with new details on political lobbying of state regulators.
Regulation
CSA and CIRO confirm sports and entertainment event contracts stay banned, even as Wealthsimple pushes for looser rules on prediction markets.
New York Times reporting says Trump Jr. lobbied GOP attorneys general and the White House briefed North Carolina lawmakers on prediction markets.
Nevada says Kalshi's reliance on a new North Carolina prediction-market tax undercuts its own federal preemption case before the Ninth Circuit.
Kalshi loses more court rounds in Connecticut and Washington as the CFTC unveils a regulatory roadmap for event contracts.
Better Markets' Amanda Fischer says the Clarity Act lacks Senate votes and that states, tribes will prevail against CFTC-backed prediction markets.
No-deposit prediction platform SafeBets wants sports and politics fans to fuel growth, then mine top forecasters for financial-market trading signals.
CME Group's Terry Duffy sparred with Kalshi's co-founder at a CFTC hearing as horse racing's watchdog charged a respected handicapper with insider trading.
ADI Predictstreet denied royal family links, but corporate filings tie it to IHC, chaired by Sheikh Tahnoon bin Zayed Al Nahyan, an investigation found.
The CFTC-regulated sports exchange topped $125M in its debut week while fighting New York, Massachusetts and three other states over gambling law claims.