Tag: CFTC
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Ninth Circuit Rules Kalshi Sports Contracts Are Gambling
The Ninth Circuit ruled Kalshi's sports event contracts are gambling, not federally protected swaps. The 3-0 decision conflicts with the Third Circuit, setting up a likely Supreme Court showdown over prediction markets.
Genius Sports Enters Prediction Markets with Polymarket, Kalshi
Genius Sports has partnered with Polymarket and Kalshi to supply official data and streaming. The deals put Genius in direct competition with Sportradar in the prediction market infrastructure race.
Congress Weighs Sports Event Contracts, Ban Unlikely
A House subcommittee held its first hearing on sports event contracts. A federal ban looks unlikely, and most observers expect the Supreme Court to settle jurisdiction.
