ProphetX, a CFTC-designated sports prediction market that is also building a B2B business to sell its exchange infrastructure to other companies, raised $35M
ProphetX, a CFTC-designated sports prediction market, raised $35 million in new funding, CEO Dean Sisun tells Axios Pro exclusively.
New York sues Kalshi for alleged violations of its gambling laws; the CFTC files an emergency motion to stop the state's enforcement, calling it an “overreach”
New York's attorney general sued Kalshi on Friday, claiming that its prediction market platform violates state laws against illegal gambling.
Polymarket is seeking CFTC and NFA approval to offer margin trading in the US, which would let users bet on events with less capital upfront and attract traders
Sources: the CFTC began an extensive investigation of Polymarket earlier this year; the agency's former acting head killed a separate investigation in July 2025
The CFTC permanently bans Celsius founder Alex Mashinsky from trading in markets it oversees as part of a settlement resolving its 2023 lawsuit against him
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The CFTC proposes prediction market rules, seeking the ability to ban bets it finds aren't in the public interest or may be highly susceptible to manipulation
The CFTC proposes prediction market rules, seeking the ability to ban bets it finds aren't in the public interest or may be highly susceptible to manipulation
The CFTC will provide clearer parameters around what bets are allowed on Kalshi and other platforms, but won't ban certain contracts
CFTC chair Michael Selig says Gemini was the victim of Biden-era political targeting, a week after the CFTC motioned to vacate a 2025 order against the exchange
The chairman of the Commodity Futures Trading Commission said it's correcting a flawed enforcement action against Gemini Space Station …
Kalshi plans to offer perpetual futures contracts, saying it will be “the first company in American history to offer” them, to be “fully regulated” by the CFTC
Kalshi announced Friday that it will begin offering perpetual futures contracts …