US CFTC expands oversight of prediction markets, collaborates with major sports leagues

The Commodity Futures Trading Commission wants us to know it's taking this very seriously.

TMTG's shift from prediction markets to marketing highlights financial struggles and regulatory challenges, impacting its diversification efforts. The post Trump Media scales back Truth Predict plans, shifts to marketing collaboration with OG.com appeared first on Crypto Briefing.

The regulatory relief streamlines compliance for prediction market operators dealing with event contract data reporting requirements.

Chainlink Runtime Environment enables Myriad to deploy a new range of prediction markets with immediate settlement.

Prediction markets trading volume had been tracking monthly gains as the sector gains popularity among short-term traders, but competition is also increasing.

Poly Truth redefines prediction markets with AI-driven analysis tools for data-based decision making. Prediction markets have existed for decades, but most participants still rely on instinct, gut feel, or borrowed opinions when placing a position. Poly Truth is building a…

In Kalshi’s legal battle with Ohio, the US Commodity Futures Trading Commission has lent its support, requesting that an appeals court confirm that the commission has authority over prediction markets. On Tuesday, the CFTC submitted an amicus brief to the Sixth Circuit Court of Appeals, accusing Ohio of engaging in

The post Kalshi gets CFTC support in Ohio sports market appeal appeared on BitcoinEthereumNews.com. The Commodity Futures Trading Commission has backed Kalshi in its appeal against Ohio regulators, asking the U.S. Court of Appeals for the Sixth Circuit to affirm federal oversight of prediction markets.  Summary CFTC says Ohio went too far by treating Kalshi’s federally regulated event contracts as sports gambling. The Ohio appeal adds to wider state battles over Kalshi, Polymarket, Crypto.com, Coinbase, and Robinhood. Trump-appointed CFTC Chair Michael Selig says the agency will defend its authority over prediction markets. The agency filed an amicus brief in KalshiEx LLC v. Matthew T. Schuler, et al., on May 12. The case centers on whether Ohio can treat Kalshi’s sports event contracts as unlicensed sports gambling.  State authorities had told the company to stop offering those markets in Ohio. Kalshi sued, but a federal district court denied its request for protection in March. The c