By The Weekly Edge desk ·
Focus Gaming News reported that 44 state attorneys general challenged CFTC’s authority over sports event contracts. Their new filing concerns the division of federal and state jurisdiction over prediction markets.
The filing contests federal control over the sports prediction contracts at issue.
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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.