Commodity Exchange Act
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Business
Small Businesses Turn to Prediction Markets for Risk Hedging as States Move to Ban the Platforms
A Northern California goat herder paid $50,000 this spring for a contract on the federally regulated exchange Kalshi that will…
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Business
CFTC Fines George Santos $35,000 for Manipulating Kalshi Bet on His Own SOTU Attendance
Federal regulators have fined former U.S. Representative George Santos $35,000 after finding he engaged in illegal manipulative trading on the…
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Technology
New York Sues Kalshi for $36 Billion as Clash Between Federal Market Oversight and State Gambling Laws Escalates
A legal battle in Manhattan Supreme Court is setting up a high-stakes test case for the future of financial prediction…
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Crypto
New York Sues Kalshi Over Unlicensed Gambling as CFTC Fights to Protect Federal Authority
The State of New York has launched a major legal battle against Kalshi, accusing the prediction market operator of running…
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Crypto
New York Sues Kalshi for $36 Billion in Massive Regulatory Clash Over Prediction Markets
New York state authorities have launched a sweeping lawsuit against Kalshi, seeking at least $36 billion in penalties and an…
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Crypto
Federal Court Blocks Minnesota Law Criminalizing Prediction Markets Days Before Effective Date
Minnesota’s landmark legislation seeking to criminalize prediction market operations has been halted by a federal judge, just days before its…
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Crypto
Minnesota Injunction Protects Kalshi and Polymarket US Operations Amid Legal Challenge
A court has granted a preliminary injunction enabling derivative trading platforms Kalshi and Polymarket US to continue offering services in…
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Crypto
CFTC Warns Prediction Markets Against Generic Event Contract Filings
U.S. derivatives regulators are stepping up scrutiny on prediction markets, issuing a firm advisory against operators using broad, template-style submissions…
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Crypto
BitMEX Sued for Fraud Over Alleged Liquidation Engine Rigging as Exchange Announces Closure
Pioneering crypto derivatives exchange BitMEX has been hit with a federal fraud lawsuit in New York, accused of intentionally manipulating…
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Crypto
CFTC and Michigan Court Clash Over Kalshi, Putting Prediction Market in ‘Impossible Position’
The regulatory landscape for prediction markets in the United States has devolved into a high-stakes jurisdictional turf war. On Tuesday,…
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