Terry Duffy News & Prediction Market Coverage
Track the latest Terry Duffy news across prediction markets. Prediction News is following 4 active Terry Duffy stories across regulation, legal action, market moves, and platform developments, each clustered from original reporting and summarized for operators, traders, and regulators.
Latest News
CME's Duffy clashes with CFTC chair over prediction market oversight
OpinionCME chief Terry Duffy clashes with CFTC chair and avoids prediction markets
LegalCFTC's Selig promises event-contract rules as Kalshi faces state halts and CME clash
LegalCME plans to sue CFTC to block Kalshi's bitcoin perpetual futures
Frequently Asked Questions
Where can I find the latest Terry Duffy news?
Right here. Prediction News tracks 4 active Terry Duffy stories, each clustered from original reporting and summarized for prediction-market operators, traders, and regulators, and refreshed throughout the day.
Are prediction markets legal in the US?
Federally, yes. Platforms like Kalshi and Polymarket US operate as CFTC-regulated event-contract exchanges, which is why they're available even in states where sports betting is banned. Legality is contested at the state level, especially for sports contracts, the regulatory fight Prediction News tracks daily.
Are prediction markets the same as gambling?
Legally, no. They're overseen by the CFTC as financial event contracts, not by state gambling regulators, and you trade "Yes"/"No" shares priced between $0 and $1 rather than betting against a bookmaker's odds. That distinction is at the heart of the current regulatory debate.
How do prediction markets work?
You buy shares in a "Yes" or "No" outcome priced between $0 and $1. The price reflects the market's implied probability of the event. Correct predictions settle at $1 per share, incorrect ones at $0. They function like an exchange, not a sportsbook.
Where can I trade prediction markets?
On regulated venues like Kalshi and Polymarket US — CFTC-registered event-contract exchanges — alongside brokers and sportsbooks adding event contracts. Availability and product mix vary by platform and state, the competitive shift Prediction News tracks daily.