A Michigan court has ordered Kalshi to halt all sports event contracts in the state and implement strict geofencing, with a $500,000 daily penalty for noncompliance. The ruling outlines seven regulatory violations and sets a new enforcement benchmark
New Jersey has formally asked the U.S. Supreme Court to decide if Kalshi and similar prediction markets can legally offer sports betting contracts, escalating a federal dispute that could reshape state and federal gambling oversight
A CFTC emergency order instructing Kalshi to keep trading in New York despite a state court order has drawn sharp criticism from tribal-gaming attorneys and raised new questions about federal and state regulatory boundaries
The Commodity Futures Trading Commission’s Innovation Advisory Committee held its first meeting, spotlighting sharp disagreements over prediction market regulation, manipulation risks, and the ongoing clash between federal and state authority
The Commodity Futures Trading Commission revealed a new regulatory roadmap for prediction markets, sparking debate among major platforms and industry leaders over contract approval, manipulation risks, and federal versus state authority
Novig has filed lawsuits against Wisconsin, Massachusetts, New Mexico, New York, and Washington, challenging state efforts to restrict its federally regulated sports prediction markets just weeks after its national relaunch
