Kalshi says Tennessee is trying to regulate products that fall under the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) ... The CFTC has publicly described designated contract markets as exchanges operating under its oversight.
The NCAA wants the CFTC to tighten rules on college sport prediction markets, including age and advertising restrictions and anti-harassment measures ... .
The group says contracts mirror sports betting but lack safeguards, warning transfer portal markets could pose “catastrophic” risks to student athletes ... .
The NCAA has requested the CFTC to put a hold on college sports betting on prediction markets, emphasizing its negative effects on student-athletes. NCAA president Charlie Baker told CFTC chairman ...
MichaelSelig is not easing into his new job as the new chair of the CFTC, because he’s walking into a pile of legal fights, crypto chaos, prediction bets, and staff problems ... The CFTC tried to ban election bets under Rostin Behnam in 2024.
More than 75 proposed changes to major cryptocurrency legislation have been submitted by U.S. senators before a critical hearing scheduled for this week, documents show ... Members from both major political parties have submitted these modifications.
In a statement, Slaughter stated that, “Based on my experience, the Dodd-Frank Act is still not complete today, and most of the rules that aren’t from the CFTC were finalized between 2013 and 2018, ...