Underdog to Provide Crypto.com Futures Markets in Gaming First
Underdog is teaming with Crypto.com to provide prediction markets in its app, the first gaming company—but certainly not the last—to launch a futures product as the…
Crypto.com
CFTC Regulation Tools ‘Vulnerable’ as Prediction Markets Surge
As the Commodity Futures Trading Commission (CFTC) faces the prospect of additional regulatory duties involving new sports prediction markets, the federal agency’s…
Quintenz’s CFTC Nomination Paused by White House Intervention
The Commodity Futures Trading Commission (CFTC) will not have new leadership installed anytime soon, as Brian Quintenz’s nomination to the post was put on pause by the…
Polymarket’s $112M Acquisition Sets Up U.S. Return in ‘Near Future’
Polymarket on Monday announced the $112 million purchase of QCEX, which the prediction market platform said will fast track its return to the U.S. after three years…
What Are Sports Prediction Markets? Key Questions Answered
The rapid rise of sports prediction markets has already clinched first place for the biggest story in the U.S. betting industry this year. Businesses offering…
Tribes Dispute Kalshi Claims of ‘Productive’ Talks on Futures
Victor Rocha, the conference chair of the Indian Gaming Association and member of the Pechanga Band of Indians, does not appreciate the way Kalshi has characterized its…
Trump’s CFTC Pick Troubles Tribes With Prediction Market Plans
Tribal groups are concerned Kalshi, Robinhood and Crypto.com pose an existential economic threat to them through sports prediction markets—and on Tuesday, it became even…
CFTC Cancels Sports Futures Meeting With Gambling Groups
The Commodity Futures Trading Commission (CFTC) has canceled a planned policy roundtable that would have given a forum to groups who say sports prediction markets…
Sports Futures Threaten Tribal Gaming Rights, Groups Tell CFTC
At least 10 groups representing tribal gaming interests have sent letters to the Commodity Futures Trading Commission (CFTC) calling the emergence of sports event…
Exclusive
Gambling Trade Group Seeks Invite to Feds’ Futures Trading Summit
The American Gaming Association filed a formal letter to the Commodities Futures Trading Commission (CFTC) on Thursday afternoon requesting to attend next month’s…
U.S. Sportsbooks Reckon With Super Bowl Rival: Futures Markets
When financial technology upstart Kalshi facilitated more than $200 million worth of U.S. presidential election futures market trades last October and November despite…
Crypto.com Expands Sports Futures Trading Amid Legal Concerns
Crypto.com launched additional sports prediction markets nationwide Tuesday, amid ongoing legal questions surrounding similar offerings. App and web users are now…
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