World Cup Betting Boom Puts the CFTC’s Prediction Market Rulebook on the Clock (opens in new tab)

Kalshi hit $13.5 million in a single day of World Cup trading fees on June 24, the latest data point in a regulatory contest that the CFTC's July 27 comment deadline has not yet resolved. The gaming industry is simultaneously lobbying Congress to override the rulemaking entirely through the CLARITY Act.