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ProphetX has partnered with Juice Reel to bring event-contract trading into the sports-focused app. Users can access ProphetX’s CFTC-regulated exchange alongside Juice Reel’s trade-tracking tools and verified sports forecaster marketplace. ProphetX will manage clearing, custody, market operations, and core exchange responsibilities, while Juice Reel focuses on its existing user experience. The integration is live in jurisdictions where ProphetX is authorized to operate.

The US Commodity Futures Trading Commission has formalized its position that casino-style gambling products, including sportsbook wagers, are excluded from the swap definition. A separate proposal seeks to clarify the treatment of sports and other event contracts traded on prediction markets.

The Seminole Tribe of Florida has filed a lawsuit challenging DraftKings’ sports prediction contracts and Pick6 fantasy product. The complaint alleges that the offerings violate Florida gambling law and the tribe’s 2021 gaming compact. DraftKings disputes that position, saying its prediction markets comply with applicable law and that Pick6 is a fantasy sports product. The case puts product classification and tribal gaming rights at the centre of Florida’s evolving betting ma

Ohio has expanded its prediction market crackdown, ordering 10 operators and brokers to stop offering sports event contracts in the state. The Ohio Casino Control Commission says the products constitute sports gaming and require an Ohio license. The action follows a September 25 Sixth Circuit ruling that found the Commodity Exchange Act does not preempt Ohio’s sports gambling laws, giving the regulator a stronger basis for enforcement against prediction-market businesses offe

MGM Resorts and Caesars Entertainment are avoiding the prediction-market sector, saying regulatory uncertainty could put their existing gaming licences and regulated gambling businesses at risk.

Ohio plans to enforce sports betting rules against Kalshi after a Sixth Circuit ruling involving the prediction market platform’s sports contracts, intensifying the regulatory dispute over prediction markets and gambling.

The National Council on Problem Gambling (NCPG) has defended its decision to grant corporate membership to prediction market platform Kalshi despite facing severe backlash and high-profile resignations from key regulators, including the Michigan Gaming Control Board and the Ohio Casino Control Commission. NCPG President Derek Longmeier stated that while prediction markets operate under distinct regulatory definitions, they are functionally gambling and require robust consumer