Sky Blog
On June 10, the CFTC released a proposed rulemaking to govern the listing of event contracts (i.e., prediction products) on a set of subjects Congress identified as deserving of special scrutiny.[1] These subjects are, as specified in Commodity Exchange …
On April 6, 2026, a divided panel of the U.S. Court of Appeals for the Third Circuit held that the U.S. Commodity Futures Trading Commission (“CFTC”) has exclusive jurisdiction over sports-related event contracts offered by Kalshi, becoming the first federal …
On October 2, 2024, the U.S. Court of Appeals for the D.C. Circuit cleared the way, at least for the time being, for betting on the outcome of U.S. elections.[1] The D.C. Circuit denied the Commodity Futures Trading Commission’s …
Two weeks ago, there was big news for “event contracts,” which provide for fixed payouts upon the occurrence of specified events and are sometimes referred to as “prediction” products. Kalshi – an exchange that has popularized event contracts on everything …