Key Highlights Donald Trump named Kristin Johnson, Steven Levine, Nathan Anonick and Matthew Rowland for potential posts at the SEC and CFTC. Johnson and Levine are being recommended for the Securities and Exchange Commission, while Anonick and Rowland are being recommended for the Commodity Futures Trading Commission. All four nominations require favorable Senate votes as ...
Key Highlights: Companies in the prediction-market sector compete for users, trading volume, liquidity and market share. Donald Trump Jr. previously received an equity stake in Kalshi reportedly valued at about $300,000 when he joined the company as a strategic adviser. Democratic lawmakers are challenging prediction markets and the Commodity Futures Trading Commission’s defense of sports-related ...
Key Highlights: Judge McMahon rejected Novig’s argument that federally designated exchange status places its sports contracts beyond New York gambling regulation. The court found Novig had not shown its contracts were swaps under the relevant statute and compared its product to traditional sports betting. Novig filed a notice of appeal to the Second Circuit on ...
Key Highlights Kalshi has geofenced users across multiple states—including Nevada, Washington, and Michigan—as regulatory and legal battles escalate nationwide. Recent federal appeals court rulings from the Second and Ninth Circuits have dealt major blows to prediction market platforms, paving the way for state enforcement and tribal restriction enforcements. State officials, including those in Utah who ...
Key Highlights: The Commodity Futures Trading Commission (CFTC) is defending its regulatory approach to stock perpetual futures following legal challenges alleging Administrative Procedure Act violations. Alliance secretary Adam Ford cautioned that circumventing established administrative procedures weakens vital safeguards for market participants and investors. Proponents argue that offering regulated perpetual futures under joint CFTC and Securities ...
Key Highlights The Commodity Futures Trading Commission (CFTC) is facing a legal challenge alleging it violated the Administrative Procedure Act by authorizing perpetual futures on individual U.S. stocks. CFTC Chairman Michael Selig authorized the novel derivatives under the Commodity Futures Modernization Act of 2000, creating dual regulatory oversight with the SEC to repatriate trading activity ...
Key Highlights: The Commodity Futures Trading Commission (CFTC), under Chairman Mike Selig, continues to actively engage with emerging fintech sectors. Agency oversight discussions have recently broadened to encompass cryptocurrencies, event-driven prediction markets, and artificial intelligence. A dedicated agency forum held on Wednesday brought renewed attention to the integration and regulatory implications of artificial intelligence in ...
Key Highlights Federal regulators have renewed scrutiny into Polymarket’s compliance systems and geographic restrictions. The inquiry focuses on user access protocols, VPN prevention, and the company’s expanding United States operations following its 2025 exchange acquisition. Heightened market activity has brought increased regulatory focus on insider trading risks, following prior enforcement actions involving prediction market wagers. ...
Key Highlights President Donald Trump’s administration is seeking federal regulatory oversight for prediction markets through the Commodity Futures Trading Commission (CFTC). A coalition of 39 U.S. states and the District of Columbia has opposed federal preemption, stating in an amicus brief that the clash has escalated into a “national turf war” likely requiring Supreme Court ...
Key Highlights: The Commodity Futures Trading Commission (CFTC) and cryptocurrency exchange Gemini jointly sought to vacate a settled enforcement action in May 2026. Judge Hellerstein rejected the joint motion, ruling that prior litigation circumstances and shifting administrative priorities do not justify dissolving a binding court order. Gemini remains bound by the original injunction and agreed ...
Key Highlights The Commodity Futures Trading Commission (CFTC) has released two new regulatory proposals addressing prediction markets. Under the proposed framework, event contracts are formally categorized as swaps under federal derivatives law. The measures establish explicit boundaries to differentiate federally regulated financial contracts from traditional gambling. CFTC Unveils Dual Regulatory Proposals for Prediction Markets The ...
Key Highlights: The Commodity Futures Trading Commission (CFTC) has sparked widespread industry discussion following a new regulatory announcement concerning swaps and event contracts. Social media engagement reflects heightened stakeholder interest regarding how proposed oversight updates may reshape market operations and compliance expectations. Market participants are turning their focus to the forthcoming public comment period, which ...