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
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.
Regulation By Enforcement Is Out at CFTC, Acting Chair Pham Says
The CFTC’s Division of Enforcement is being reorganized to “refocus” on fraud prevention.
Trump’s CFTC Pick Clears Top Ranks of Key US Crypto Regulator
Caroline Pham, the CFTC’s interim chief elevated by President Donald Trump, has cleared the decks of the derivatives regulator’s senior officials.
U.S. Enforcement Chief Behind CFTC Crypto Cases Exits Before Trump Arrives
Ian McGinley, the enforcement director at the Commodity Futures Trading Commission, is stepping down days before President-elect Donald Trump’s inauguration.
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing.
Activist Group Says Kalshi’s Election Market Should Be Shut Due to ‘Manipulative’ Whales
Better Markets is using Polymarket’s “French connection” as ammo against the prediction market’s regulated competitor.
U.S. Election Betting: Federal Court ‘Erred’ in Letting Kalshi Launch Prediction Markets, CFTC Says
A federal judge “erred” in letting prediction market purveyor Kalshi list and trade election contracts, attorneys for the U.S. Commodity Futures Trading Commission argued in a brief to an appellate court Wednesday, reiterating many of the arguments it made during its case before the lower court.