By The Weekly Edge desk ·
Sports Handle reported that Novig launched a federally regulated sports prediction market across 47 states. The business completed its transition from a sweepstakes sportsbook after securing CFTC exchange designation.
The launch adds a federally regulated sports event-contract exchange to the US market.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
Kalshi imposed a permanent ban and financial penalty over alleged manipulation involving Santos’s trading and public attendance statements.
The action addresses manipulation of a contract linked to Santos’s own conduct.
The settlement resolves an investigation into an alleged event-contract trade involving Santos’ own attendance.
The penalty addresses misleading public statements linked to event contract trading.
The agreement resolves the regulator’s market manipulation investigation.