Topic
Prediction Markets
120 published works
Foley & Lardner LLP
Prediction Markets Overview: Regulation, Litigation, and the Road to the Supreme Court
By Holly Kane
Prediction markets — platforms where participants buy and sell contracts tied to future events — have gone from academic curiosity to front-page news in barely two years. The 2024 presidential…
Government Enforcement, Compliance & Investigations Report
CFTC Publishes Prediction Market Swap Definition Rules: Interim Final Rule Effective, Event-Contract Rule Open for Comment
By Jeff Le Riche, Kip Randall, Bhargavi Kalaga, Alexander Keledjian
On September 28, 2026, the Commodity Futures Trading Commission (the CFTC or Commission) submitted two proposed rules to the White House Office of Information and Regulatory Affairs (OIRA) that would…
Regulatory Oversight
Bipartisan Coalition of State AGs Urges Supreme Court to Review Prediction-Market Dispute
By Stephen C. Piepgrass, Reade Jacob
A bipartisan coalition of 39 state attorneys general (AGs), joined by the District of Columbia, has asked the U.S. Supreme Court to review a closely watched dispute over whether federally…
The CLS Blue Sky Blog
How Prediction Markets Test the Limits of Insolvency Law
By Renholding
Prediction markets have exploded in popularity, transforming from academic curiosities into multibillion-dollar, consumer-facing platforms that facilitate trading on politics, sports, geopolitics, and even clinical-trial outcomes and FDA approvals. To date,…
Katten Law: In the news
Supreme Court Review of Kalshi Dispute Is Likely, Daniel Davis Tells Benzinga
As reported by Benzinga, Daniel Davis, Partner and Financial Markets and Regulation Chair, weighed in on the escalating legal battle over sports-event contracts and prediction markets. Three federal appeals courts…
Global Regulation Tomorrow
New Briefing note: Prediction markets and event contracts: a UK perspective
By Hannah Meakin (UK), Joshua Creutzberg, Joe Bamford (UK)
Prediction markets continue to attract significant global attention. As trading volumes in prediction markets continue to grow, a number of regulatory questions are being raised across jurisdictions. In the UK,…
Government Enforcement, Compliance & Investigations Report
Hawaii Consumer Class Action Against Kalshi: Void-Contract and Unfair-Practices Theories Reach the Prediction Markets Fight
Our prior post tracked how the prediction markets fight had expanded beyond the federal preemption dispute between the Commodity Futures Trading Commission and the states into municipal consumer protection ordinances,…
The State AG Report
States Ask Supreme Court to Clarify Authority Over Prediction Markets
The post States Ask Supreme Court to Clarify Authority Over Prediction Markets appeared first on The State AG Report.
Free Writings + Perspectives
CFTC Draws the Line: Interim Final Rule Excludes Certain Gaming Products from, and Proposed Rule Includes Event Contracts in, the “Swap” Definition
On October 9, 2026, the Commodity Futures Trading Commission (“CFTC”) took two coordinated actions addressing the scope of its jurisdiction over event contracts. First, it issued an interim final rule…
Althouse
"You don't have to look at the facts and the law. All you have to do is study what they do."
By Ann Althouse
Letitia James offers a gift to Saritha Komatireddy: @ny1 When asked who should regulate prediction markets, Democratic candidate Letitia James did not hesitate, saying, “Yes, we sued two.” Republican candidate…