Rhode Island News & Prediction Market Coverage
Track the latest Rhode Island news across prediction markets. Prediction News is following 8 active Rhode Island stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CFTC sues Minnesota to block nation's first felony prediction market ban
LegalNative American tribes and casinos back Rhode Island fight against Kalshi and Polymarket
LegalCFTC sues New Mexico to block state gambling enforcement against prediction markets
LegalRhode Island weighs event contract bill as Gillibrand pushes prediction market oversight
GlobalNevada regulators win temporary injunction blocking Polymarket event contracts
LegalCFTC sues Rhode Island to block state enforcement against Kalshi and Polymarket
LegalCFTC and DOJ intervene in Rhode Island lawsuit to defend Kalshi and Polymarket
LegalRhode Island and Kalshi file dueling lawsuits over sports event contracts
Frequently Asked Questions
Why did Rhode Island sue Kalshi and Polymarket?
Rhode Island Attorney General Peter Neronha sued the platforms in May 2026, claiming their sports-related event contracts amount to illegal sports betting, casino gaming, and online sports wagering that require state licensing and violate state gambling laws.
What is the CFTC's position on Rhode Island's actions against prediction markets?
The CFTC sued Rhode Island on May 29, 2026, and intervened in the related federal case, arguing that federally regulated event contracts are swaps under the Commodity Exchange Act and subject to the agency's exclusive jurisdiction, preempting state enforcement.
Is Kalshi available to users in Rhode Island?
Kalshi faces ongoing state enforcement threats and federal litigation in Rhode Island; the CFTC's preemption suit seeks to block state actions that would require geofencing or restrict the platform's operations there.
What legislation is Rhode Island considering on prediction markets?
Rhode Island's General Assembly is weighing a bill (S/H) addressing event contracts during its January session, which could impose additional restrictions or requirements on prediction market platforms.
How does Rhode Island's case fit into broader prediction market litigation?
Rhode Island is one of several states (including Minnesota and New Mexico) where the CFTC has filed parallel preemption suits against state enforcement actions targeting CFTC-regulated platforms like Kalshi and Polymarket.