CFTC Wants Event Contracts Defined as Swaps, but Not Casino Games
The Commodity Futures Trading Commission has sent the White House two rules that would redraw the legal definition of a swap. That definition is at the center of prediction markets’…
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Prediction Markets Hit $68B in a Month as Sportsbook Stocks Sink
Trading on sports prediction markets nearly doubled in the month football returned, while shares of the two biggest U.S. sportsbook operators fell to multi-year lows. Kalshi still dominates the market,…
CFTC Readies Action on Prediction Market Promos, Expected This Week
The Commodity Futures Trading Commission is reviewing the bonuses and incentive programs used by prediction markets, with an announcement of some kind reportedly due by the end of the week.…
Problem Gambling Council Director Resigns Months After Kalshi Deal
The National Council on Problem Gambling is looking for a new executive director after Heather Maurer’s resignation. She is the second senior staff member to depart in a week at…
Sixth Circuit Turns Kalshi’s Own Words Against It in Two-State Loss
A federal appeals court ruled Sept. 25 that Ohio and Tennessee can enforce their gambling laws against Kalshi’s sports contracts. The court built part of its reasoning on things Kalshi…
Brazil Bans Online Betting Before Election, Keeps $492M in Licensing Fees
Brazil banned sports betting and online casino games on Sept. 25, nine days before the first round of its presidential election. The decision ends a licensed market that opened in…
‘Casino Secrets’ Hacker Beats Malta Regulator as Leak Site Goes Down
A Berlin court has ruled against the Malta Gaming Authority in its bid to stop German researcher Lilith Wittmann from linking it to organized crime, according to her account. Wittmann…
Curacao’s ‘Casino Secrets’ Exposed in Regulatory Leak as Firms Push Back
A searchable archive of leaked documents taken from Curaçao’s gambling regulator opened to the public on Wednesday morning, a day after an international consortium published its first stories from the…
$5 Billion of Nearly Identical Kalshi Trades Draw CFTC Scrutiny
Almost one million trades of nearly the same size have moved through a single Kalshi market since August, and federal regulators are looking at them, as reported by The Wall…
LeBron James Tops an NBA Prop-Bet Index That Measures Buzz, Not Bets
A new Sports Illustrated index ranks the NBA players drawing the most attention from prop bettors—based on social chatter and search traffic rather than money wagered—with LeBron James clear at…