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ARLINGTON, Va. — As the legal battle over the future of American prediction markets intensifies, Kalshi CEO Tarek Mansour has signaled a defiant optimism regarding his company’s prospects. Speaking at the DC Fintech Week event in Arlington on Wednesday, Mansour addressed the ongoing regulatory tug-of-war, suggesting that the industry’s survival in the United States depends…
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The U.S. Supreme Court is currently at the center of a high-stakes legal tug-of-war that could redefine the regulatory landscape for prediction markets. As the nation’s highest court weighs whether to grant certiorari in a pivotal case regarding the classification of sports-based prediction contracts, a massive wave of amicus briefs has arrived at its doorstep.…
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The U.S. Commodity Futures Trading Commission (CFTC) has launched a significant, formal effort to cement its position as the sole federal regulator of prediction markets, issuing new rules this week that aim to codify event contracts as "swaps." This regulatory maneuver represents a critical escalation in the ongoing jurisdictional battle between the federal agency and…
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The U.S. Commodity Futures Trading Commission (CFTC) has launched a significant and formal effort to secure its role as the primary federal regulator for prediction markets. In a pair of actions unveiled on Friday, the agency finalized an interim rule and proposed a new regulatory framework that collectively aim to cement the legal status of…
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