The rise of prediction markets and their event contracts is creating a legal and regulatory tangle that may not be easy to sort out.

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The US Commodity Futures Trading Commission (CFTC) announced that it is moving away from its previous practice of "regulation by enforcement," a method particularly noted during the Trump ...

Super Bowl 59, the biggest sports betting day of the year, will bring together several industry trends from prediction markets to props.

A U.S. federal court has ruled that the founders of EmpiresX must pay over $130 million in fines for operating a fraudulent scheme.

The CFTC says it has spotted "several key obstacles to balanced regulation of prediction markets," but the list that follows ...

CFTC bans EmpiresX founders and fines them $130 million for fraud after they misled investors and misused funds for personal expenses.