CFTC News

US Federal Judge Aleta Trauger granted Kalshi a preliminary injunction against Tennessee, finding its sports event contracts fall under CFTC jurisdiction.

Polymarket’s lawsuit challenges state authority and could redefine whether the CFTC controls US prediction markets or whether states set their own rules.

Kalshi is looking to have Nevada’s lawsuit heard in federal court, again asserting it is subject only to federal commodity exchange laws.

The Prediction Markets Working Group, launched by The Digital Chamber, will champion the sector’s values while advocating for the CFTC to maintain primary oversight. 

Michael Selig said the US financial regulator had filed an amicus brief against what he called an “onslaught of state-led litigation” against prediction markets.

Bitcoin’s growing correlation with tech stocks challenges its digital gold narrative, as Ether treasuries, BlackRock and Polymarket make bold moves.

CFTC chair Mike Selig launched the Innovation Advisory Committee in January, nominating 12 members as charter members before expanding the final list to 35 on Thursday.

Polymarket is challenging Massachusetts in federal court, arguing that states lack the authority to regulate CFTC-approved prediction markets.

The Commodity Futures Trading Commission (CFTC) revised a previous staff letter to reflect the regulations in the GENIUS stablecoin framework.

Kalshi has seen nearly $170 million in Super Bowl-related bets, and its move to boost oversight comes amid scrutiny of prediction markets by regulators and Congress.

A Nevada judge declined to grant regulators’ bid to halt Coinbase’s event contract markets, as the exchange presses a CFTC preemption argument in federal court.

CFTC Chair Mike Selig described the proposal as a “frolic into merit regulation” by the Biden administration.

The listing follows Bitnomial’s January launch of Aptos futures, as the exchange continues expanding US-regulated derivatives beyond Bitcoin and Ether.

A Nevada judge has temporarily barred prediction market Polymarket from offering event contracts in the state, pushing back against claims that only the CFTC can police those markets.

The chairs of the CFTC and SEC appeared together at a joint agency event Thursday to discuss a unified approach to crypto regulation.