Unverified50% confidenceFactExact time
The CFTC has exercised jurisdiction over event contracts, but some states consider them essentially a variant of sports betting or casino games.
1
Sources
50%
Confidence
Long-term
Relevance
10/29/2026
First Seen
Sources
Related Entities
Related Claims
UnverifiedThe U.S. Commodity Futures Trading Commission (CFTC) has repeatedly tried to block the listing of sports event prediction contracts, on the grounds that they are essentially "disguised gambling."78% similarUnverifiedGambling regulation has traditionally fallen within the scope of state authority, and there is a complex boundary between US federal and state gambling law; at the federal level there is the Unlawful Internet Gambling Enforcement Act (UIGEA) and others, but individual states can legislate to prohibit or allow gambling themselves.66% similarUnverifiedThe CFTC was established in 1974 to regulate futures and options markets, with its core function being to prevent market manipulation and protect investor rights.65% similarUnverifiedKalshi argues for federal preemption, i.e., that financial products approved by the CFTC should not be subject to state gambling laws, but this argument has not yet been clearly settled by case law in the context of criminal charges.64% similarUnverifiedThe CFTC's regulatory tools include position reporting systems, position limit rules, and civil and criminal accountability mechanisms for market manipulation.60% similar
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