New Jersey Challenges Kalshi’s Sports Betting Model in Supreme Court
New Jersey has petitioned the Supreme Court to clarify whether sports betting on prediction markets like Kalshi falls under state gambling regulations or federal swap definitions.
Tag CFTC
Kalshi’s Legal Setback: Court Rules Against Sports Betting Claims
A federal appeals court has ruled that Kalshi cannot bypass Nevada's gambling laws by labeling its sports bets as swaps, reinforcing state regulatory authority over prediction markets.
Washington Court Halts Kalshi’s Sports Betting Operations
A Washington state judge has ordered Kalshi to cease its sports betting and other wagering activities, citing violations of state gambling laws.
Crypto’s Forward Momentum Amid Regulatory Uncertainty: Insights from Bitwise
Despite potential setbacks in regulatory legislation, the crypto industry is poised to continue its growth, according to Bitwise's Matt Hougan.
New York Files Lawsuit Against Kalshi for Alleged Illegal Gambling Operations
The state of New York has initiated legal action against Kalshi, accusing the online prediction market platform of operating an illegal gambling enterprise.
Federal Court Blocks Minnesota’s Ban on Prediction Markets
A federal court has issued a preliminary injunction against Minnesota's law prohibiting prediction markets, allowing platforms like Kalshi and Polymarket to continue operations while legal questions remain.
Robinhood Explores Expansion into Prediction Markets with Crypto.com
Robinhood is reportedly in discussions with Crypto.com to enhance its prediction markets, amidst ongoing legal challenges in the sector.
Kalshi Faces Regulatory Conflict as CFTC Blocks Michigan Orders
Kalshi is caught in a regulatory crossfire as the CFTC intervenes against a Michigan court ruling, complicating its operations in the state.
Kalshi Challenges Illinois Prediction Market Restrictions in Court
Kalshi has initiated legal action against Illinois officials over new legislation that it claims unlawfully restricts its prediction market operations.
Coinbase Expands Access to Global Crypto Derivatives for US Institutions
Coinbase Financial Markets has launched a service enabling US institutional clients to access global crypto options and perpetual futures markets through a regulated platform, enhancing the landscape of crypto derivatives in the US.
