4+ day, 6+ hour ago   (359+ words) TL;DR — Kalshi added Milbank counsel in the Ninth Circuit ahead of its rehearing deadline after an August 28 loss ruling sports contracts are not CEA swaps. This creates a clean split with the Third Circuit. New Jersey’s cert petition is…...

4+ day, 6+ hour ago   (454+ words) TL;DR — Rep. Travis Weaver introduced HB 5811 to repeal Illinois’s new tax and licensing rules for prediction market exchange wagers before they generate revenue. The CFTC and Kalshi have filed suits claiming federal preemption. Action could come in the November…...

6+ day, 7+ hour ago   (238+ words) TL;DR — The Illinois Gaming Board has voted unanimously to advance rules that would let people exclude themselves from gambling for as little as six months instead of the current minimum term of five years. Under the draft, six-month, one-year…...

1+ week, 6+ hour ago   (198+ words) TL;DR — New Jersey petitioned the Supreme Court to resolve whether Kalshi can offer sports betting nationwide via CFTC-registered prediction markets without state compliance. The Third Circuit sided with Kalshi; the Ninth Circuit rejected that view days ago. $16.89B in 2025 state…...

1+ week, 1+ day ago   (241+ words) TL;DR — The NFL’s Sept. 3 letter via Sabrina Perel demands removal of contracts on injuries, officiating, manipulation and advance information, citing integrity risks. Kalshi has pulled some markets after CFTC input but retains others. This continues the league’s March-to-July push…...

1+ week, 1+ day ago   (447+ words) sccgmanagement.com Prediction Markets Emerge as Direct NFL Season Rivals to Traditional Sportsbooks TL;DR — Prediction markets now compete directly with sportsbooks for NFL fan attention, engagement and ad inventory. Ad volumes for prediction platforms rose 232% with $200M spent in H1 2026 while…...

1+ week, 1+ day ago   (576+ words) sccgmanagement.com Ninth Circuit Upholds Nevada Ban on Kalshi Sports Contracts as Tribes Back Supreme Court Challenge TL;DR — The Ninth Circuit unanimously disagreed with Kalshi’s overly broad reading of the Commodity Exchange Act. The court determined Judge Andrew Gordon…...

1+ week, 2+ day ago   (504+ words) TL;DR — CFTC’s Aug. 7 memo requires prediction platforms including ProphetX, Novig, DraftKings, FanDuel, and Kalshi to replace American odds with percentages to avoid misleading users. Traders have complained on Discord and X, but the underlying contracts and liquidity are unchanged....

1+ week, 5+ day ago   (504+ words) TL;DR — Ninth Circuit upheld Nevada’s regulation of Kalshi sports contracts as gambling in 3-0 ruling, rejecting swap claims under Commodity Exchange Act. Decision conflicts with Third Circuit precedent on CFTC jurisdiction, opening path to SCOTUS review. Kalshi may seek en…...

1+ week, 5+ day ago   (378+ words) TL;DR — CSA and CIRO have stated sports and entertainment event contracts should not be regulated as securities or derivatives. Only Wealthsimple and Interactive Brokers Canada hold approvals, with sports products excluded from current rules requiring 30-day resolution via CFTC…...