Sports Betting

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Illustration of CFTC officials discussing prediction market regulations in a conference room.
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CFTC proposes first rules for prediction markets

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The Commodity Futures Trading Commission issued its initial proposed rulemaking on prediction markets Wednesday. The rules aim to clarify which event contracts qualify as being in the public interest under federal law.

DraftKings disclosed strong early results for its Predictions platform on June 9. The company launched the offering in December 2025 and now reports an annualized trading run rate of $3.1 billion.

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New users can claim $100 in bonus bets after placing a $5 wager on upcoming games.

Federal prosecutors have charged two Kennesaw State University basketball players in a widespread NCAA point-shaving investigation. Current guard Simeon Cottle and former forward Demond Robinson allegedly agreed to underperform in a game against Queens University in exchange for bribes. The scheme involved bets on the game's first half, where the players influenced the outcome before Kennesaw State rallied to win.

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Tennessee's sports wagering regulator has issued cease-and-desist orders to three federally regulated platforms—Kalshi, Polymarket, and Crypto.com—for offering sports betting contracts that violate state laws. The firms must shut down Tennessee-based activities, refund deposits, and void open contracts by January 31. This action highlights tensions between federal oversight and state gambling regulations.

New users can register with the Betr promo code WTOP to receive a $210 bonus for making picks in NBA, NCAAF, and NFL. The promotion provides an incentive for sports betting enthusiasts. It was detailed in a WTOP News article published on November 8, 2025.

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NBA officials met with staff from the U.S. House Energy and Commerce Committee on November 5, 2025, to discuss the league's gambling partnerships and measures against illegal betting. The briefing follows October arrests of Portland Trail Blazers coach Chauncey Billups and Miami Heat guard Terry Rozier, among others, in connection with gambling probes. Adam Silver did not attend the session with committee staffers.

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