By The Weekly Edge desk ·
iGaming Today reported that 44 state attorneys general opposed a proposed CFTC prediction market rule in a joint comment letter. They argued that federal regulation of sports prediction markets would exceed the agency’s legal powers.
The letter contests the CFTC’s proposed authority over sports prediction markets.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The filed rules would add a uniform minimum age and further trading protections at Ludlow Exchange.
The framework brings responsible-trading requirements into Novig’s exchange operations.