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Commodities Futures Trading Commission Sports Betting

The United States Commodities Futures Trading Commission was created in 1974 to regulate commodity futures and option markets. The Commission’s mission is to protect market participants and the public from... more +
The United States Commodities Futures Trading Commission was created in 1974 to regulate commodity futures and option markets. The Commission’s mission is to protect market participants and the public from fraud, abuse, and systemic risk associated with derivatives subject to the Commodities Exchange Act. In 2010, as a result of the Frank-Dodd Wall Street Reform and Consumer Protection, the Commission’s role was expanded to include drafting rules for regulating the swaps marketplace. less -
WilmerHale

Legal Developments in the Gaming Industry: First Half of 2025

WilmerHale on

We have seen dramatic evolution across the gaming industry throughout 2025. There have been noteworthy legal and regulatory developments for lottery couriers, prediction markets, sweepstakes casinos, and sports betting...more

Troutman Pepper Locke

The Right to Regulate: Kalshi, Federal Preemption, and the Fight for State Gaming Authority

Troutman Pepper Locke on

A lawsuit between KalshiEx LLC (Kalshi) and New Jersey state gaming regulators in the Third Circuit is testing the balance between federal commodities regulation and state authority regarding sports betting. Kalshi operates...more

Snell & Wilmer

Event Contracts Versus Sportsbooks: Charting the Legal Divide in U.S. Gambling Law

Snell & Wilmer on

Peer‑to‑peer sports event contracts have surged in popularity. Kalshi, a U.S.-based prediction market, reported that its sports event contracts yielded $249 million through the first two rounds of the NCAA Basketball...more

Orrick, Herrington & Sutcliffe LLP

Gaming & Gambling Update - Week of March 24, 2025

Kalshi's sports betting prediction market, in partnership with Robinhood, has seen significant success, reporting $249 million in contracts during the first two rounds of the NCAA College Basketball Tournament. Kalshi's...more

Brownstein Hyatt Farber Schreck

Federal and State Gambling Laws Loom Large in Determining the Future of Sports Prediction Markets

As some companies in the so-called “predictions market” have begun to offer event futures contracts on sporting events, including the most recent Super Bowl, many observers are questioning whether these offerings are really...more

Orrick, Herrington & Sutcliffe LLP

Gaming & Gambling Update - March 2025

The Missouri Gaming Commission's plan to implement emergency rules for sports wagering has been delayed due to a dispute with the Missouri Secretary of State, Denny Hoskins. Hoskins rejected the emergency rules, stating there...more

Holland & Knight LLP

Election Contracts and Sports Event Contracts: The Future of Regulated Event-Based Trading

Holland & Knight LLP on

The emergence of event-based trading platforms such as KalshiEX LLC and Crypto.com/Nadex has sparked a heated regulatory and policy debate over the boundaries of financial derivatives, speculation and gambling. Both platforms...more

Orrick, Herrington & Sutcliffe LLP

Gaming & Gambling Update – January 2025

Acting Chair Named for CFTC Opens Door to Event Contracts While Departing Chair Cautions Against Expansion Commissioner Caroline D. Pham has been named as Acting Chair of The Commodity Futures Trading Commission, effective...more

Brownstein Hyatt Farber Schreck

Kalshi v. CFTC Challenges Contracts on Political Events

On Jan. 17, 2025, the United States Court of Appeals for the District of Columbia (D.C. Circuit) heard oral argument in KalshiEx v. CFTC. At issue is KalshiEx LLC’s (Kalshi) ability to list political event contracts for...more

Orrick, Herrington & Sutcliffe LLP

Gaming & Gambling Update - Week of November 4, 2024

Recent Developments CFTC Steps Up its Watch on Election Betting MA Online Lottery Implementation Delayed Tennessee Issues Fine, C&D to Bovada Judge Rejects Attempt to classify Musk $1 million giveaway as an Illegal Lottery...more

Orrick, Herrington & Sutcliffe LLP

Gaming & Gambling Update - Week of May 20, 2024

The Commodity Futures Trading Commission (CFTC) recently voted to issue a new rule proposal which would serve to ban event contracts on political elections, as well as sporting events, awards, and more. The CFTC has...more

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