Morning Edition · Monday, October 12, 2026Published at 1:41 AM EDT · New York
The Supreme Court has not said whether it will hear the cases, but several amicus briefs, an interim final rule and a rule proposal are already shaping how event contracts are classified.

The US Supreme Court has not said whether it will hear the cases over prediction markets. CoinDesk reports that the parties involved now want it to. Several amicus briefs have been filed, and an interim final rule and a separate rule propos…
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Prediction Markets Become a Federal-State Jurisdiction Fight
As event contracts grow, the CFTC and state gambling regulators will keep contesting who governs them. The likely result is repeated court rulings, state cease-and-desist actions and federal rulemaking that draw a recurring line between swaps and gambling. Prediction-market operators' addressable market and product scope will be set by how that line holds, not by demand.
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