By The Weekly Edge desk ·
Nine Democratic senators asked the CFTC to reject event contracts linked to wildfires, Casino.org News reported. The group, led by Senator Jeff Merkley, warned that such products could financially incentivise arson.
The senators seek to prevent wildfire-linked contracts from entering 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.