Polymarket pulls Mahomes market after CFTC pressure
#CFTC #NFLPolymarket withdrew its market on Patrick Mahomes' Week 1 return after CFTC guidance, aligning with NFL opposition to injury-related bets. Kalshi still offers similar markets, while legal disputes over prediction markets continue. read more
Feds probe mention markets after White House betting scandal
#PredictionMarkets #CFTCFederal regulators probe Kalshi's "mention markets," where bettors wager on speakers' words, prompting removal of sports options. CFTC examines manipulation risks after a teleprompter operator profited from Trump bets. Kalshi and Polymarket face scrutiny over controversial prediction markets. read more
CFTC proposes ban on sports prediction market trades
#PredictionMarkets #CFTCThe CFTC proposes banning prediction markets on sports injuries, officiating, and in-game props, deeming them contrary to public interest. Most outcome-based sports contracts remain allowed, citing economic utility. Public comments will be accepted for 45 days before implementation. read more