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The U.S. Senate has scheduled a procedural vote for September 15 on the Clarity Act, landmark legislation designed to create a federal regulatory framework for digital assets and grant the CFTC oversight of crypto spot markets.
United Kingdom-based betting exchange Smarkets is pursuing a two-pronged approach to enter the U.S. market, applying for federal CFTC approval while securing state-level sportsbook licenses.
More than a quarter of Gen Z investors treat sports betting as an intentional component of their wealth creation strategy, according to data from investment platform Betterment.
The Commodity Futures Trading Commission has launched an internal review into phrase-based 'mention markets' hosted on prediction platforms, adding to growing regulatory and legal headwinds facing the event trading sector.
A Washington state court has issued a preliminary injunction ordering prediction market platform Kalshi to stop offering wagers on sports, politics, and culture to state residents, rejecting claims that federal derivatives law preempts local gambling regulation.
