Kalshi Loses Ninth Circuit Bid to Block Nevada Regulators
An opposing April ruling involving New Jersey leaves federal courts divided, raising the prospect that the Supreme Court will decide who can regulate event contracts.
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An opposing April ruling involving New Jersey leaves federal courts divided, raising the prospect that the Supreme Court will decide who can regulate event contracts.
Kalshi's lead puts it at the center of prediction markets' expansion beyond sports, while the August surge gives event contracts a stronger adoption signal.
The dispute pits state gambling laws against federal oversight, while proposed consumer protections could shape whether event contracts expand across the U.S.
Block-trade infrastructure is the real signal: Susquehanna's market-making depth turns event contracts into a hedging tool Wall Street can actually use, not a retail novelty bolted onto an exchange.
The quick reset clears an immediate overhang for Kalshi, while state-level fights will test how far event contracts can expand in the U.S.
The order escalates a federal-state fight over whether sports event contracts are derivatives or gambling, while New York's court challenge remains unresolved.
Event contracts pulled $156M versus $100M from crypto trading, a 38% YoY slide in token revenue, while overall net income climbed 48% to $573M.
The deal hands Fanatics full control to list and clear its own event contracts, putting it in direct competition with Kalshi and Polymarket as prediction markets go mainstream.
The second advisory in months targets template-style filings from Kalshi, Polymarket and peers, but the agency's primary-jurisdiction claim itself still sits in front of the courts.
The temporary restraining order hits Kalshi in its home state, where its political-event contracts already won a CFTC fight last year. Sports betting is a bigger and more legally crowded lane.
The CFTC is invoking exclusive federal authority over event contracts to prevent a Michigan court from unwinding executed trades, a precedent that would reach every state-level prediction-market case.
Kalshi lost key Nevada and Michigan rulings this week while the CFTC backs the industry federally and North Carolina moves to tax event-contract revenue, making the regulatory perimeter the only…
Event contracts and 24/7 leveraged bets on CPI, Fed moves, and oil are outrunning the legal frameworks meant to define them — and that classification fight now decides whether US venues can host the…
Prediction markets have already crossed $2B in World Cup volume before kickoff, and the early winners are now locking in — a signal of how fast sports is becoming crypto's go-to event-contract…
The crypto-native OTC giant brings balance-sheet liquidity to event contracts at the moment the category is doing $20B+ a month — a structural endorsement of prediction markets as institutional…
The relief carves out recordkeeping and reporting requirements for DCMs, DCOs, and market participants — and a new streamlined pathway signals the agency wants more event-contract products in the…
First-day volume barely cracked 1% of incumbent prediction-market flow, but HIP-4 lands on a platform that already controls the perps volume conversation — and that distribution is the actual asset.
Day-one volume barely registers against Kalshi and Polymarket, but HIP-4 marks Hyperliquid's first step into event contracts — a category the perps-first exchange has so far sat out.