The Commodity Futures Trading Commission (CFTC) has escalated its legal confrontation with multiple U.S. states over the regulation of prediction markets, with legal experts suggesting that a compromise between the federal regulator and state attorneys general is unlikely.…
Brian Quintenz, the former Commodity Futures Trading Commission (CFTC) commissioner whose nomination to chair the agency was withdrawn last year, has joined the Coalition for Prediction Markets as a senior adviser. The industry group is backed by Kalshi,…
Kalshi, a prediction market platform, faced a legal setback in New York as a judge denied its request for a preliminary injunction against the state's Gaming Commission. The decision marks a significant hurdle for the company's operations in…