Prediction Market Clash: CFTC Sues Three States To Claim Exclusive Control
The US Commodity Futures Trading Commission (CFTC) has escalated a jurisdictional clash with state governments by filing lawsuits against three states in a bid to assert exclusive federal authority over prediction markets. The litigation targets Arizona, Connecticut, and Illinois — and in Illinois’ case, specifically names Governor J.B. Pritzker — after those states took steps […]
Related News
Kalshi has ramped up its battle over prediction markets by filing a lawsuit against the state of Minnesota. The lawsuit challenges a recently passed law that would restrict most prediction market activity and impose criminal penalties on certain event-based contracts. Kalshi And Minnesota Clash At the core of Kalshi’s lawsuit is its jurisdiction argument. The […]
Following legal setbacks that limited access for American investors back in 2022, the Commodity Futures Trading Commission (CFTC) officially approved Polymarket’s launch as a crypto-based prediction market in the United States. Polymarket To Enter US Market Shayne Coplan, Polymarket’s CEO, shared the news on X (formerly Twitter), stating that the prediction platform has been given […]
The legal clash between Binance, the world’s largest crypto exchange, and the United States Commodity Futures Trading Commission (CFTC) is reaching a critical juncture. A recent court document has shed light on the next steps in this high-stakes confrontation, setting crucial deadlines that could significantly impact the outcome of the case. Binance Vs. CFTC: Here’s […]
President Donald Trump is doubling down on his goal of making the United States the “crypto capital of the world,” while also weighing in on a growing national fight over who should regulate prediction markets. Trump Says CFTC Rules Will Help Crypto ‘Thrive’ In a new statement shared Tuesday on Truth Social, Trump said it […]
The newly launched Hyperliquid Policy Center (HPC) has entered the US prediction market debate with a fresh submission to the Commodity Futures Trading Commission (CFTC). The Washington, D.C.-based non-profit, led by Jake Chervinsky, said it responded to the CFTC’s request for public input following an Advance Notice of Proposed Rulemaking on Prediction Markets (the “ANPRM”). […]