Derek Helling

A coalition of four tribes has sued Kalshi in a New Mexico federal court, alleging that trading sports-related contracts on the exchange violates the Indian Gaming Regulatory Act.

Both sides in Kalshi v. Flaherty have requested that the trial court extend a stay on the case until the US Supreme Court acts on New Jersey’s petition

Kalshi could soon file a petition for review with the US Supreme Court after the Ninth Circuit declined to afford it protection from enforcement in Washington.

Texas political markets have reached $24.2 million of trading volume on Kalshi, but less than $200K in open interest separates Paxton from Cornyn.

Litigation in Rhode Island district court following established pattern for states with Democratic attorney generals who take action against prediction markets.

Letter mentions CFTC’s “posture concerning prediction markets” in request for investigation into the agency’s compliance and resource allocation.

Wisconsin’s anticipated motion for injunctive relief calls trading of prediction markets connected to sporting events “open, repeated, ongoing criminal violations” of the state’s laws.

Semafor reports that a coalition including commercial and tribal gaming interests has sent a letter to Congress urging members to include sports trading restrictions

Kentucky Attorney General Russell Coleman announced his actions, which seek to block sports-related prediction market trading in the state, on Wednesday

A House subcommittee heard testimony from financial industry professionals on the CLARITY Act as time draws short for the United States Senate to take up the legislation.