Today in prediction market news, we’re following the biggest developments shaping the industry, including Kalshi’s federal court victory after a Minnesota judge granted a preliminary injunction sought by the company and the CFTC, Fanatics’ agreement to acquire a federally regulated derivatives exchange and clearinghouse from BGC Group, and tastytrade’s launch of prediction markets. We’ll also cover fresh CFTC developments, including new rulemaking commentary from Sen. Chris Dodd and the agency’s approval of JuiceX as a designated contract market, alongside the latest on election markets, crypto, regulation, sports event trading, and other breaking prediction market news throughout the day.

Live Updated 13 hours ago

Polymarket cites Minnesota win in Rhode Island fight

suswati 8:45 pm

One courtroom victory is already echoing in another. Polymarket US has filed a notice of supplemental authority in its Rhode Island lawsuit, arguing that last week's Minnesota ruling—which granted preliminary injunctions to Polymarket US, Kalshi and the CFTC—strengthens its own bid to block state enforcement. The filing says the Minnesota court found the Commodity Exchange Act likely preempts state attempts to regulate federally overseen event contracts, reinforcing Polymarket's argument that the CFTC has exclusive jurisdiction over swaps traded on designated contract markets.

ProphetX raises $3.5M to expand sports prediction platform

suswati 8:39 pm