The U.S. Commodity Futures Trading Commission (CFTC) recently announced that some offshore cryptocurrency exchanges can re-enter the U.S. market under its Foreign Board of Trade (FBOT) framework, clearing the way for platforms including Binance and ByBit to serve U.S. investors again.CFTC Acting Cha
Recently, the Ohio Casino Control Commission (OCCC) issued a clear warning to sports betting operators in the state, stating that their gambling licenses could be at risk if they offer prediction market services without permission. This move is seen as a direct response to some operators' recent int
Tom Waterhouse of Waterhouse VC suggests that prediction markets are expected to rival sports betting and open up new growth avenues for gambling operators.Prediction markets first gained widespread attention during the US elections in November 2024, when trading volumes surged. The key issue is wh
U.S. President Donald Trump signed a new executive order, officially introducing cryptocurrency and other alternative asset investment channels to the $8.7 trillion 401(k) retirement fund market.The order requires the U.S. Securities and Exchange Commission (SEC) and the Department of Labor, among o
Bloomberg reports that former U.S. President Donald Trump plans to sign an executive order allowing 401(k) retirement plans to invest in alternative assets such as cryptocurrencies, real estate, and private equity. The order will direct the Department of Labor to revise guidance related to the Emplo
At the NCLGS (National Council of Legislators from Gaming States) summer meeting held in Louisville in July, the discussion on the regulation of prediction markets became a focal point. Particularly, the debate over whether sports event contracts should be regulated by the Commodity Futures Trading
The parent company of the social platform Truth Social, controlled by the Trump family—Trump Media—recently applied to the U.S. Securities and Exchange Commission (SEC) to launch a cryptocurrency exchange-traded fund (ETF) named "Truth Social Crypto Blue Chip ETF," aiming to further expand its layou
Driven by legal developments and the market's growing interest in predictive trading, the US event contracts trading platform Kalshi announced the completion of a $185 million Series C funding round, with a post-money valuation of $2 billion. This round was led by Paradigm, with participation from S
The American prediction market platform Kalshi recently completed a new Series C funding round, raising a substantial $185 million, which boosted its valuation to $2 billion, making it one of the most notable "unicorns" in the field. This funding round was led by Paradigm, a venture capital firm foc
The U.S. Senate Committee on Agriculture, Nutrition, and Forestry held a highly anticipated confirmation hearing for Brian Quintenz as chairman of the Commodity Futures Trading Commission (CFTC). Although the primary responsibility of the CFTC is to regulate the derivatives market, the agency's impo
Alex Kane, CEO of Sporttrade, deeply explored the integration of prediction markets and sports betting from a philosophical perspective in a recent webinar, highlighting the potential strategic role of tribes in this field. He analyzed the emerging field with a gentle yet sharp perspective, noting t
In the modern economic history of the United States, Indian tribal gaming is recognized as one of the most successful economic development models on reservations. Over the past forty years, the industry has not only helped communities escape poverty but also granted Native Americans unprecedented ec
The U.S. Commodity Futures Trading Commission (CFTC) this week voluntarily withdrew its appeal against the Kalshi exchange, marking an official end to its policy of cracking down on election betting. This move not only represents a significant shift in regulatory attitudes but also signals the gradu
The National Basketball Association (NBA) has submitted a letter to Caroline D. Pham, the acting chair of the Commodity Futures Trading Commission (CFTC), specifically discussing the expansion of sports prediction markets.The letter outlines the potential risks to the fairness of NBA games, as these
A controversial prediction market platform founder declared his company answers to the Commodity Futures Trading Commission (CFTC) only.Kalshi’s Tarek Mansour stated during an interview with TechCrunch on Friday he isn’t “necessarily very concerned” about cease-and-desist orders he received from fiv
The Illinois Gaming Board has told Kalshi, Robinhood, and Crypto.com to cease and desist. The regulator claims the company is engaging in unlicensed sports wagering.Illinois joins Ohio, New Jersey, and Nevada in states that have deemed the increasing adoption of sports events contracts to be against
