By The Weekly Edge desk · · Updated
A federal judge in Illinois granted preliminary injunctions favouring Kalshi and the CFTC against the state, reported by SBC Americas. The outlet described prediction markets’ court victories against state regulators as rare in 2026.
The injunctions give Kalshi and the CFTC interim judicial relief against Illinois.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The partnerships give the tribes customer-facing apps while Kalshi operates the underlying exchange and settles transactions.
Four additional tribal agreements give tribes app ownership and customer management while Kalshi supplies exchange services.
The case could affect whether states can regulate sports prediction markets and the safeguards operators face.
Prediction market exchanges face a CFTC warning about manipulation risks involving public figures’ statements or actions.
Kalshi’s proposed rule would allow financial penalties, suspension or account deactivation for users harassing athletes or third parties over trading.
The dispute concerns whether federal commodities regulators or gambling authorities should oversee sports contracts, affecting prediction market oversight.