Latest iGaming and regulatory news tagged CFTC.
Polymarket has cut ties with George Santos following an insider trading investigation. The move comes amid a week that also saw a New York bar place a $5,000 bet on the Knicks.
Nine Democratic US House representatives have asked the FTC to review prediction market marketing practices, citing concerns that operators may be promoting their offerings as gambling. The request seeks to clarify consumer messaging and regulatory oversight.
Kalshi is piloting a new interface for highly engaged traders, allowing management of multiple positions in event contracts. The product, described as Kalshi's answer to the Bloomberg Terminal, is reportedly being tested with select users.
Polymarket has filed a lawsuit against Minnesota in federal court, challenging the state's ban on prediction markets. The operator joins the CFTC and Kalshi as plaintiffs in the case, arguing the law is unconstitutional.
Robinhood has launched Rothera, a CFTC-regulated exchange co-owned with Susquehanna, to route customer prediction-market trades. Early volumes are modest, but the move signals a strategic shift for the company in the event contract market.
