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The Attorney General of New Jersey has asked the U.S. Supreme Court to hear a case that could determine the fate of sports prediction markets. The Supreme Court accepts a fraction of so-called petitions of certiorari, but the high court could be compelled to weigh in given the growing disputes between states, which regulate gambling, and federal regulators, who oversee the event contracts that drive prediction markets. A Supreme Court case would be closely watched by online betting firms like DraftKings and Flutter whose stocks are up more than 4% today, along with newer prediction-market platforms Kalshi and Polymarket.
Sportsbooks are using federal exchanges to offer sports contracts in states where their own books are banned.
CFTC moves to formalize prediction market oversight. Rule could reshape the battle between prediction markets and sportsbooks. Federal versus state authority remains unresolved. A proposal ...
The new prediction market rules would permit federally-regulated event contracts tied to the outcome of sporting events and individual player performance.
Meridian Funds, managed by ArrowMark Partners, released its first-quarter 2026 investor letter for “Meridian Growth Fund”. A copy of the letter can be downloaded here. The US equity market started 2026 with volatility due to trade policy uncertainty and geopolitical risks. Initial optimism from domestic company confidence and the Federal Reserve easing waned following increased […]
Pre-Market Stock Futures: Futures are trading higher on Thursday after another wild day on Wall Street, during which the major indices moved in different directions. Another round of disturbing inflation data hit the tape as the Producer Price Index for April came in at 1.4%, the largest move higher in four years, while Producer prices ... Here Are Thursday’s Top Wall Street Analyst Research Calls: Commercial Metals, Doximity, Draftkings, Hut 8, Illumina, Lowe’s, TeraWulf, Starbucks, Whirlpool,
Earnings season marches on as investors will hear from big companies including McDonald's and CoreWeave. Data on the U.S. jobs market will also be watched closely, culminating in April nonfarm payroll numbers Friday.