Gate News bot message, A newly created wallet named “Roeyha2026” spent $50K eleven hours ago on a prediction market bet that the US would strike Iran by March 1, 2026. The wallet has gained $96.8K since placing the bet.
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Sports-betting contracts are considered derivatives! The U.S. CFTC blocks local law enforcement, seeking regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports betting contracts are financial derivatives. If the court backs this position, it would change the legal status of prediction markets and standardize regulation nationwide, reducing the impact of state-level betting laws.
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A certain prediction platform says that Rory McIlroy’s probability of winning the 2026 U.S. Masters increases to 70%, up 46% over the past 24 hours
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Ruling sports betting contracts are derivatives! The U.S. CFTC blocks local law enforcement, pushing to secure regulatory authority over prediction markets
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Sports betting contract is a derivative product! The U.S. CFTC blocks local law enforcement while pushing for regulatory authority over prediction markets
The U.S. federal government is working with the CFTC and the Department of Justice to try to shift regulatory authority over Kalshi prediction markets from state and local governments to the federal level, arguing that sports event contracts are financial derivatives. If the court backs this position, it will change the legal status of prediction markets and standardize regulation nationwide, reducing the influence of state-level gambling laws.
CryptoCity10h ago
