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

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

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

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

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

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 ...