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RESEARCH DIVISION

Prediction Markets: Event Contracts and Federal Regulation in 2026

Following landmark federal court rulings in KalshiEX LLC v. CFTC and exchange growth, certified event contracts on political and athletic outcomes trade on regulated designated contract markets under federal commodities law.

Prediction Markets and Presidential Elections Prediction Markets
Prediction Markets

Prediction Markets and Presidential Elections

An authoritative historical analysis of election wagering in America, from nineteenth-century Wall Street betting to modern regulated binary event contracts.

CFTC and Event Contracts Regulation Prediction Markets
Prediction Markets

CFTC and Event Contracts Regulation

An authoritative statutory breakdown of CFTC oversight under the Commodity Exchange Act, Section 5c(c)(5)(C), public interest determinations, and DCM rules.

Political Markets vs. Gambling Prediction Markets
Prediction Markets

Political Markets vs. Gambling

An authoritative comparative legal analysis exploring why federal event contracts differ from commercial gambling under state and federal law.

Sports Event Contracts Prediction Markets
Prediction Markets

Sports Event Contracts

An analysis of sports event contracts on CFTC-regulated exchanges, federal preemption over state gaming acts, and the 2026 legal landscape.

The Future of Event Contract Regulation Prediction Markets
Prediction Markets

The Future of Event Contract Regulation

Forward-looking analysis of congressional reform proposals, federal preemption challenges, and modern event contract regulation in 2026.

Kalshi, Polymarket, and the Federal Courts Prediction Markets
Prediction Markets

Kalshi, Polymarket, and the Federal Courts

Legal investigation of KalshiEX LLC v. CFTC, Polymarket enforcement actions, and federal court precedents transforming political forecasts.