Here’s your daily rundown of the biggest stories shaping sports betting and prediction markets – from the latest industry moves to the odds, trends, and developments worth watching.
CFTC Files Lawsuit Against Arkansas
The Commodity Futures Trading Commission (CFTC) announced Friday it has filed a lawsuit against Arkansas to block attempts to stop event contract trading in the state.
Arkansas Attorney General Tim Griffin sued Kalshi last week for "violating" Arkansas' Deceptive Trade Practices Act. The CFTC's reply is the latest in the state-by-state battle with prediction markets.
“As prediction markets continue to prove their value in being useful for risk management and providing the public with valuable information about the future, Arkansas seeks to shut down event contracts ranging from sports and politics to other important world events,” CFTC chairman Michael S. Selig said in a release. “The CFTC will continue to defend its sole jurisdiction over these federally regulated markets as granted by Congress under the Commodity Exchange Act, and the Commission will not let state interference thwart its regulatory efforts and destroy federally regulated markets.”
Arkansas represents the 11th state the CFTC has sued.
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Bettors Love Underdog in UFC 334 Heavyweight Title Fight
The UFC heavyweight title will be on the line this weekend with champion Ciryl Gane facing Josh Hokit in the headline bout at Madison Square Garden. Despite it being his first title fight, bettors are putting their money behind the underdog Hokit at +155.
“We're seeing action all over Josh Hokit in the main event so far, and I anticipate more will come in on Hokit as we get closer since Gane is not that popular with the fans,” BetMGM trading manager Alex Rella said Friday. “In the co-main event, we'll definitely need Kayla Harrison to retain the title. Amanda Nunes has been out over three years, but it seems everyone doesn't think the GOAT will miss a step.”
Nunes is the most-bet fighter on the card by ticket count at BetMGM. Harrison-Nunes is also the most bet bout.
The most-bet prop is Hokit to win by KO/TKO or disqualification at odds of +450.
Long Shots Dominate MLB Awards
Major League Baseball handed out its individual awards this week and +400 was the shortest preseason number to come in, according to Sports Odds History. The Cy Young and MVP winners were listed at odds of +3,000, +4,500, and +5,000 before the season started.
Preseason odds of the 2026 #MLBAwards winners AL MVP: Yordan Alvarez +3000 Cy Young: Cam Schlittler +4500 ROY: Kevin McGonigle +400 MOY: Will Venable +2500 NL MVP: Pete Crow-Armstrong +5000 Cy Young: Jacob Misiorowski +3000 ROY: Sal Stewart +625 MOY: Pat Murphy +900
— Sports Odds History by Covers (@SOHistory) November 13, 2026
