Tag: CFTC
CFTC’s proposed rules define federal regulatory authority over event contracts
The Commodity Futures Trading Commission (CFTC) has strengthened its oversight over prediction markets, issuing two proposals that would... more
Predict 2026: CFTC, states battle over regulatory authority
As prediction markets rapidly expand, especially sports event contracts, one of the most important questions that needs to be answered is... more
Tribes closed door meeting with CFTC leads to frustration, not solutions to event contracts
At least a dozen tribal leaders held a recent meeting with Michael Selig, chairman and the sole commissioner on the Commodity Futures... more
Illinois: Bill seeks to remove prediction market tax
As part of its state budget, Illinois amended its sports betting law to tax and treat certain sports-event contracts offered on prediction... more
CFTC criticized for ordering Kalshi to defy New York court order
A veteran tribal-gaming attorney expressed his displeasure that the Commodity Futures Trading Commission (CFTC) would issue an emergency... more
Nevada cites North Carolina tax in battle over prediction markets
The Nevada attorney general’s office has told a federal appeals court that by embracing a tax on their trading revenue in North Carolina,... more
CFTC Chair Michael Selig defends agency’s oversight of prediction markets
Commodity Futures Trading Commission Chair Michael Selig continues his aggressive defense of federal oversight of prediction markets... more
Prediction markets called a violation of state, tribal sovereignty, policy analyst says
Amanda Fischer, former chief of staff to Securities and Exchange Commission Chairman Gary Gensler during the Biden administration, has been... more
Tribes expect Supreme Court intervention after Kalshi ordered to block Washington bets
Despite a ruling in Washington state that found Kalshi is likely violating state gaming laws, uncertainty remains for tribal gaming leaders... more
