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Commodity Futures Trading Commission Chair Michael Selig filed an amicus brief Tuesday in the Ninth Circuit Court of Appeals asserting federal authority over prediction market regulation. The filing supports Crypto.com in its dispute with the Nevada Gaming Control Board as nearly 50 state-level case

Robinhood reported fourth-quarter net revenue of $1.28 billion — below the anticipated $1.35 billion — yet the most consequential signal from the company's earnings call was not the crypto trading shortfall but the rapid ascent of prediction markets as analysts' primary area of interest, with roughl

Milwaukee Bucks star Giannis Antetokounmpo announced he became a shareholder in prediction market Kalshi, one day after the NBA trade deadline where his potential move dominated speculation. The investment creates an unusual situation where Antetokounmpo profits from a platform that offered contract

Crypto.com launched a standalone prediction markets platform called OG on Tuesday ahead of the Super Bowl, offering federally regulated sports event contracts through its derivatives affiliate while the exchange and several competitors face legal challenges from state regulators alleging unlicensed

Crypto.com launched OG as a separate prediction markets platform on Monday, separating event contracts from its main exchange six days before Super Bowl LX. The U.S.-focused app runs on Crypto.com Derivatives North America, a CFTC-registered clearinghouse the company acquired in 2022. OG offers spor