Chalky March Madness Slams Sportsbooks but Spares Kalshi
The spending gap between sportsbooks and the new kids on the block—sports prediction markets—shrunk over the past month, while March Madness results continued a sour…
CFTC
Kalshi, Robinhood Legal Tactics Reveal Futures-Industry Contrasts
Kalshi has continued its full-throttle response to regulatory action regarding its event futures contracts, which this year expanded to include trading based on…
Robinhood Faces Bay State Probe Over Sports Futures Contracts
Massachusetts subpoenaed financial technology company Robinhood last week seeking information about its new sports event futures trading product available in 49 states…
Kalshi Says It Has User Protections as Sports Futures Scrutiny Grows
Financial technology company Kalshi says it will increase user guardrails on its platform amid concerns expressed by MLB and other critics about its sports event futures…
Why Robinhood Took March Madness Shot After Super Bowl Flop
Robinhood resumed offering sports event futures contracts this week because it received assurance it wouldn’t suffer a repeat of last month’s embarrassing…
Nevada’s Kalshi Order Opens New Front in Sports Futures Battle
Nevada became the first state to take legal action against event-based sports futures contracts, sending the financial technology company Kalshi a cease-and-desist…
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…
DraftKings Open to Futures Contracts and Crypto, CEO Says
DraftKings would consider offering futures contracts on sports outcomes—gambling-adjacent markets that have gained popularity recently at fintech companies—should the…
Exclusive
Kalshi’s In-Game Trading Pops in Latest Warning for Sportsbooks
Sports futures contracts, among the hottest topics in the financial technology and gambling industries, showed potential during the 2025 Super Bowl to compete directly…
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