NBA Commissioner Adam Silver wants to access prediction market data to prevent insider trading and maintain the integrity of sports. The CFTC is also looking to distinguish between sports betting and prediction markets.
Georgia has strict gambling laws, but the lottery is legal for those over 18. Sports betting and casinos remain illegal, and recent attempts to legalize sports betting have failed.
Missouri's Attorney General has sent cease-and-desist letters to six prediction market companies, including Polymarket and Kalshi, accusing them of offering illegal sports wagering through event contracts.
A federal court has allowed Utah to continue enforcing its gaming laws against Kalshi, denying the company's request for an injunction. Kalshi argued it operates under federal regulation, but the court sided with Utah.
Kalshi has suspended its player injury markets after the CFTC raised concerns about potential market manipulation. The platform had previously offered markets on athletes like Luka Dončić and Anthony Edwards.