Lawmakers call for CFTC crackdown on prediction markets
Prediction market bets on the fate of U.S. service members are "morally corrupt and completely unacceptable," one lawmaker said.
Last updated: 2026-04-08 13:13:26 ET
Prediction market bets on the fate of U.S. service members are "morally corrupt and completely unacceptable," one lawmaker said.
As states seek to regulate prediction markets, a panel of federal judges ruled in favor of Kalshi’s position that only the CFTC has jurisdiction.
The Commodity Futures Trading Commission claims it "first officially recognized" event contracts in 1992 and that Congress has granted it sole authori...
Singh faced legal action from the SEC, CFTC and US Department of Justice after FTX collapsed in November 2022 but avoided significant prison time by c...
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