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“It’s not a slam dunk at all.” A blunt assessment from former Commodity Futures Trading Commission Special Counsel Peter Sanchez Guarda cuts through the noise around an intensifying legal fight that could redraw the line between finance and gambling in the United States. Guarda, who now runs Peter Sanchez Guarda Consulting and Turnkey Family Office, points to […]
Federal regulators have taken Arizona, Illinois, and Connecticut to court, opening a new front in the fight over so-called event contracts and who gets to regulate them. The Commodity Futures Trading Commission, joined by the United States, filed lawsuits in federal district courts seeking to stop those states from enforcing laws that would block these […]
A new advisory from the US Commodity Futures Trading Commission (CFTC) could potentially reshape the debate around sports prediction markets. As platforms continue to offer contracts tied to real-world outcomes, from elections to the Super Bowl, regulators are signaling they may be willing to oversee the industry rather than shut it down altogether. For years, […]
Underdog is moving deeper into prediction markets after buying two federally regulated exchange entities, a step that will allow the sports gaming company to operate its own U.S. marketplace for event-based contracts. The New York-based firm said Monday (March 9) it acquired Aristotle Exchange DCM, Inc. and Aristotle Exchange DCO, Inc., both registered with the […]
Five Democratic senators are demanding clarity from the nation’s top derivatives regulator after learning that its Chicago enforcement team may have been dramatically reduced. In a letter issued Thursday (February 26) to Commodity Futures Trading Commission Chairman Michael Selig, Sens. Richard J. Durbin, Amy Klobuchar, Cory A. Booker, Raphael Warnock and Adam B. Schiff said […]
Michael Selig, President Donald Trump’s nominee to serve as Commodity Futures Trading Commission chairman, testifies in a Senate Agriculture Committee hearing on his nomination on Capitol Hill, Nov. 19, 2025. Jonathan Ernst | Reuters The Commodity Futures Trading Commission filed an amicus brief in federal court on Tuesday to assert the agency’s right to enforce […]
Nevada regulators have submitted a request, known as a motion to compel discovery, from predictions market Kalshi to disclose key information relating to its federally approved business. The news comes as a wider tightening of legal knots is coming into focus in Nevada against predictions markets like Kalshi and Crypto.com (Crypto). Kalshi under scrutiny from […]
