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A group of House Democrats led by Rep. Sean Casten is urging the SEC to clarify whether prediction-market event contracts tied to stocks, indexes, and related financial metrics fall under the agency’s oversight.
A new CFTC proposal may make it easier for political event contracts to remain listed, but the bigger question is who can legally trade them and on what information.
Harrah’s Resort Southern California has opened Tierra y Mar, a new Baja-inspired restaurant in Funner, California, following a $10.7 million transformation of the former Salt & Fin space.
Robinhood’s California midterm prediction markets page shows the Democratic Party heavily favored in the governor race, while two House race contracts are currently listed at 0% for both parties.
A Washington state judge has granted a preliminary injunction blocking Kalshi from offering event contracts in the state, finding the platform likely violated gambling laws.
Lobbying around prediction markets is accelerating in Washington, with Kalshi, Polymarket-linked advocates, and casino interests all spending more as Congress and the CFTC debate how event contracts should be regulated.
