North America

CFTC vs US states: Who controls prediction markets legally?

North America

CFTC vs US states: Who controls prediction markets legally?

Expert Daniel Wallach explains the growing legal battle between the CFTC and US states over prediction markets, Kalshi and sports event contracts.

by Neha Soni

18 May 2026

Oklahoma lawmakers override Governor’s veto on sweepstakes ban

iGaming Ontario launches BetGuard self-exclusion tool

Ex-prosecutor pleads guilty in gambling identity theft

New Mexico tribes sue Kalshi over sports gambling

Arizona sports betting handle falls 5.7% in March 2026

US gaming market hits new record, surpassing US$78 billion in 2025

Minnesota advances first state prediction market ban

Colorado lawmakers advance landmark sports betting bill

Kalshi sued in Kentucky over alleged illegal gambling

Kalshi faces tribal gaming challenge in Wisconsin

BlackRock raises Flutter Entertainment stake to 5.12%

Alabama-Coushatta Tribe advances casino expansion in Leggett

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