Novig CFTC approval, crypto bill: prediction markets live

Today in prediction market news, we’re following the biggest developments across the industry in real time, including Novig’s CFTC approval, the latest movement on crypto market legislation, and other major stories shaping prediction markets, sports event trading, and regulated forecasting platforms. Follow our live blog throughout the day for breaking updates, market reactions, and analysis from across the prediction markets and iGaming sectors.

Live Updated 31 minutes ago

Polymarket hits legal setback in Michigan

Suswati Basu 2:37 pm

Another courtroom update today: a federal judge in Michigan has denied Polymarket's request for a preliminary injunction in its challenge against state regulators. While the broader case will continue, the ruling means Michigan's position remains in place for now, marking an early legal win for the state in one of the industry's closely watched prediction market disputes.

Michigan judge denies Polymarket's request for a preliminary injunction pic.twitter.com/jwFdCZHBFV
— Mick Bransfield (@MickBransfield) June 17, 2026

Tribes cite CFTC proposal in Connecticut fight

Suswati Basu 2:07 pm

In a new court filing, Connecticut's tribal gaming operators pointed to the CFTC's recent prediction markets proposal as evidence that tribal interests are directly affected by the ongoing legal dispute. The tribes argue the regulator itself has acknowledged potential impacts on tribal gaming rights and revenue, strengthening their case to participate in the lawsuit.

Court denies CFTC oral argument request

Suswati Basu 2:04 pm

A federal appeals court has denied the CFTC's request to participate in oral arguments in the Kalshi v. Tennessee case. While the agency can still submit written views already on record, the decision means the upcoming arguments will proceed without direct participation from the federal regulator.

Kalshi makes another institutional push

Suswati Basu 1:59 pm

Kalshi appears to be taking another step toward Wall Street adoption. According to reports, the company is partnering with StarCompliance, a platform used by financial firms to monitor employee trading activity. The integration would let employers keep tabs on prediction market trades, potentially making it easier for banks, hedge funds, and other institutions to participate while staying on the right side of compliance rules.

EXCLUSIVE: Kalshi is partnering with StarCompliance for an integration that allows employers to see employee prediction market trades in real-time.

StarCompliance is a go-to provider for financial firms looking to monitor employee trading in equities and derivatives markets, and… pic.twitter.com/b3UaXGRKa8
— Nick Devor (@nickdevor_) June 17, 2026

Trading Technologies brings institutional tools to Kalshi

Suswati Basu 1:55 pm

Prediction markets are continuing their push into mainstream finance. Trading Technologies, a major provider of trading infrastructure used across futures, options, FX, and crypto markets, announced support for trade execution on Kalshi. This could make it easier for professional traders and institutions already using TT's platform to access prediction markets.

Andy Ross, Head of Institutional at Kalshi said, "TT is a powerful brand in the derivatives market and will accelerate the integration of Kalshi with many of the world's leading institutions. It's another big step forward for Kalshi as it puts in place the essential infrastructure for being the next-generation derivatives exchange."

Kalshi expands into perpetual futures

Suswati Basu 1:53 pm

Kalshi is drawing attention after promoting its new perpetual futures offering, a product category that has long dominated offshore crypto markets but has remained largely inaccessible to U.S. traders. The company's product executive, Catherine Sullivan, is pitching the launch as a simpler way to gain exposure with low minimums and built-in automation.

Kalshi Perpetuals are here. This is the easiest way to get started - simple, low minimums, and autotrading built in. https://t.co/qJBcYLsWr0
— Catherine Sullivan (@cthrin) June 17, 2026

Gaming industry unites against prediction markets in crypto bill fight

Suswati Basu 1:49 pm

A new front has opened in the prediction markets debate. According to Semafor, major gaming groups, tribal organizations, and labor unions are jointly urging Congress to include language in pending crypto legislation that would restrict prediction markets from offering sports event contracts.

The unusual coalition argues that platforms such as Kalshi have enabled a proliferation of gambling outside traditional state and tribal regulatory frameworks, while prediction market advocates continue pushing for a federal approach.

News: The gaming industry is teaming up with unions to urge senators to add language to pending crypto legislation that would block prediction markets from offering wagers on sports, per a letter seen by Semafor. https://t.co/CIwbEAARTs pic.twitter.com/msJtRwE5kA
— Eleanor Mueller (@Eleanor_Mueller) June 16, 2026

Possible Congressional account hack raises questions

Suswati Basu 1:47 pm

Reports circulating on X suggest a U.S. congressman's social media account may have been compromised after it appeared to promote a "Polymarket Trading Bot." FairplayGov flagged the post and claimed the promotion was not affiliated with Polymarket. The situation remains unconfirmed, and neither the account owner nor Polymarket has publicly verified details.

@nikitabier after clicking report account, there is no option that says “account hacked” as reason
— Fairplaygov (@fairplaygov) June 17, 2026

Novig lands CFTC approval - but what does this mean for sportsbooks?

Suswati Basu 1:42 pm

A major development to kick off the day: Novig secured approval from the CFTC, giving the company a pathway to offer its sports prediction markets nationwide under federal oversight. As we reported earlier today, the move could reshape the competitive landscape, putting additional pressure on traditional sportsbooks while accelerating the growth of regulated prediction markets.

Novig CFTC approval, crypto bill, today in prediction market news LIVE

Polymarket hits legal setback in Michigan