Kalshi, a web-based prediction markets platform, has got a preliminary injunction in Tennessee, hindering state officials from imposing local betting laws against the sports-associated event contracts of the platform. On February 19, U.S. District Judge Aleta A. Trauger gave a decision siding with Kalshi on prominent issues, summarising that the
Nevada has escalated its fight against prediction market platform Kalshi by filing a civil enforcement action in Carson City District Court. The Nevada Gaming Control Board (NGCB) claims that Kalshi’s sports-linked event contracts amount to unlicensed gambling under state law. Regulators seek declaratory relief and an injunction to block Kalshi
The Digital Chamber has launched a new Prediction Markets Working Group to strengthen federal oversight of the sector in the United States. The blockchain advocacy group aims to secure regulatory clarity and reinforce the Commodity Futures Trading Commission’s authority over event-based contracts. The organization announced the initiative on X and
The United States Securities Exchange Commission hinted at the prospect of regulating prediction markets under federal security laws. There is increased interest in the industry, prompting action by the SEC. Officials of the SEC stated that some contracts may fall under the investment contract provision of the Howey Test. The
Kalshi, a regulated exchange and prediction market platform, has publicised a mega expansion of its market surveillance and enforcement substructure targeted at prohibiting insider trading and market manipulation over the platform. The step taken is a part of a wide initiative to intensify trading integrity, as per the updates shared
The regulators of Nevada have taken a new action against the crypto exchange Coinbase. The action is taken to put a stop to the prediction market offerings of the company in the state as tensions surge between federal derivatives oversight and state gambling laws. On February 2, the Nevada Gaming
