Topic Archive

#Federal preemption

6 Stories Found

Coins•Nov 12, 2026

Louisiana Attorney General Sues Kalshi, Polymarket, Robinhood, Coinbase, and Gemini Over Prediction Markets

Key Highlights Louisiana is seeking an immediate temporary restraining order and injunction against Kalshi, Polymarket, Robinhood, Coinbase, and Gemini. The state argues that the platforms’ sports, awards, and election contracts constitute unauthorized gambling under Louisiana law. Kalshi and Polymarket maintain that the federal Commodity Exchange Act preempts Louisiana’s gambling rules, leaving the dispute unresolved as ...

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Coins•Oct 27, 2026

CFTC Sues Utah to Protect Kalshi’s Ability to Offer Betting Markets

Key Highlights Federal preemption disputes intensify as three federal appellate courts split decisions on prediction markets, with two favoring state authority and one backing Kalshi. Utah Attorney General Derek Brown targets Kalshi over online gambling allegations following a favorable state ruling currently under appeal. Former CFTC Chair Gary Gensler files a Supreme Court brief arguing ...

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Coins•Oct 20, 2026

Hyperliquid Policy Center Urges SEC to Make 5 Major Changes to Proposed Crypto Rules

Key Highlights HPC supports the SEC’s proposal but asks the agency to make five changes covering airdrops, secondary trading, safe harbor eligibility, token buybacks and federal preemption. HPC wants the final rule to clarify that receiving tokens without giving anything in return is not an investment of money and that connecting a wallet or completing ...

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Coins•Sep 14, 2026

Banking Groups, New York Lawyers Oppose CLARITY Act Ahead of Sept. 15 Senate Vote

Banking Groups and State Attorneys General Challenge CLARITY Act Ahead of Senate Vote Major banking associations and a coalition of state attorneys general are mounting opposition to the CLARITY Act as the Senate prepares for a crucial vote scheduled for September 15. The legislation, which aims to establish a federal regulatory framework for stablecoins, faces ...

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Coins•Sep 10, 2026

Kalshi Seeks En Banc Rehearing in Nevada Sports Prediction Markets Case

Prediction market platform Kalshi has escalated its legal challenge against the state of Nevada, filing a petition for an en banc rehearing before the Ninth Circuit Court of Appeals. The move comes after a three-judge panel ruled in favor of Nevada, upholding the state regulator’s authority to classify Kalshi’s sports-related event contracts as gambling. Background: ...

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Coins•Aug 27, 2026

Connecticut Sues Kalshi Over Sports Prediction Contracts

Connecticut has filed a lawsuit against prediction market operator Kalshi, escalating a nationwide legal battle over whether such platforms can offer sports-related contracts without state gambling licenses. The action, filed Thursday by Attorney General William Tong, alleges that Kalshi’s sports contracts function as traditional sports wagers and violate state consumer protection laws. State Alleges Unlicensed ...

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