Polymarket bets on U.S. marketing blitz to win back trust after 4-year ban: Report
The prediction market’s head of U.S. operations says the business is taking steps to legitimize itself after years of legal scrutiny.
CFTC
Clarity Act Risks Regulation Without Oversight, Brookings Fellow Says
As Congress weighs crypto legislation, Aaron Klein says the CFTC needs more resources, independence and coordination to oversee digital markets.
U.S. CFTC files request to erase Gemini settlement that it no longer considers fair
The regulator went back to analyze the 2022 case and decided that it wouldn’t have been pursued under current management and practices.
Trump praises prediction markets, defends CFTC as court cases compound
U.S. President Donald Trump said it was “critically important” that the CFTC keep “exclusive authority” over prediction markets, echoing CFTC Chair Michael Selig.
U.S. CFTC in talks with every major pro sports league on policing prediction markets
Chairman Michael Selig says the agency has already taken several states to court to prove that sports contracts aren’t just betting but that they’re derivatives.
CFTC Chair Mike Selig argues for agency’s ‘exclusive regulatory authority’ in prediction markets fight: State of Crypto
Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases to cement its authority.
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
CFTC sues Illinois, Arizona, Connecticut over states’ sports prediction market efforts
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets.
Popular Solana wallet Phantom wins CFTC nod to access regulated derivatives markets
This means Phantom can act as a non-custodial interface connecting users to registered derivatives platforms, removing the need for broker registration under specific conditions.
OKX Settles U.S. DOJ Charges, Pays Over $500M Penalty and Forfeiture
An OKX subsidiary said it resolved a U.S. DOJ investigation.