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Independent & editorially reviewed Odds & offers updated September 27, 2026
Archive
Baltimore filed lawsuits against Kalshi and Polymarket, alleging the prediction market platforms are running unlicensed sportsbooks and disputing the CFTC's claim to exclusive regulatory authority.
The CFTC has warned prediction market platforms to drop American-style moneyline odds, intensifying the regulatory fight over whether these exchanges are legal sports betting operations.
Brian Quintenz, whose nomination to lead the CFTC was withdrawn by President Trump last year, is now a senior advisor to the prediction market industry's advocacy group.
New York-based ProphetX has received dual DCM and DCO approval from the CFTC, making it the first sports-focused prediction market platform to operate as a fully direct-clearing federally regulated exchange.
