News Summary

• The CFTC advanced two measures affecting prediction markets.
• Nevada Gaming Control Board Chairman Mike Dreitzer said he expected the move.
• Federal and state authorities dispute who should oversee sports-event contracts.
• Kalshi filed for a rehearing in its Sixth Circuit case involving regulators in Ohio and Tennessee.
• The appeals court had unanimously ruled against the company, finding that prediction markets were not exempt from state gambling laws, including tax requirements.
• The rehearing filing seeks another look at that ruling; it does not change the result already issued by the court.