DOJ, CFTC Probe $2.6B Oil Trades Before Trump and Iran Statements: Report

Federal investigators are examining oil futures trades totaling more than $2.6 billion. The Department of Justice (DOJ) and Commodity Futures Trading Commission (CFTC) are probing large bets placed before Iran-related announcements from President Donald Trump and Iranian Foreign Minister Abbas Araghchi. DOJ and CFTC Probe Oil Futures Bets Before Iran Updates The Department of Justice … Read more

Prediction Market Fight Deepens as 40 States Push Back on CFTC

A multistate coalition told the Commodity Futures Trading Commission that sports-related prediction markets should remain under state gambling oversight, arguing the contracts function as wagers rather than financial derivatives. The attorneys general said these products closely resemble traditional sportsbook wagers on winners, spreads, totals, and player statistics. States Say Sports Markets Belong Under Gambling Oversight … Read more

Coinbase Says Prediction Markets Are Maturing, CFTC Needs No New Mandate

Coinbase says prediction markets should stay under CFTC oversight, arguing event-based contracts already fit within federal derivatives law. The company laid out four points in a comment letter and public post. Key Takeaways: Coinbase urged the CFTC to regulate prediction markets under existing derivatives law. Federal oversight could prevent fragmented state enforcement across interstate prediction … Read more

Report: Polymarket Targets Full US Return as CFTC Talks Advance

Polymarket is in active talks with the U.S. Commodity Futures Trading Commission (CFTC) to remove a ban that has kept its primary blockchain-based exchange away from American traders since 2022, Bloomberg reported. Key Takeaways: Polymarket held discussions with the CFTC in recent weeks to lift its 2022 ban and bring its main exchange to U.S. … Read more

CFTC Sues Wisconsin Over Prediction Market Ban

The U.S. Commodity Futures Trading Commission (CFTC) filed a federal lawsuit against Wisconsin on Tuesday, directly challenging the state’s attempt to shut down prediction market platforms operating under CFTC oversight. Key Takeaways: The CFTC sued Wisconsin on April 28, 2026, defending Kalshi and Polymarket against state gambling law enforcement. Wisconsin AG Josh Kaul filed 3 … Read more

‘We Will See You in Court’: CFTC Defends Jurisdiction in Massachusetts Kalshi Case

CFTC escalates prediction market fight as state challenges intensify across the U.S. The Kalshi case in Massachusetts heightens tensions, with regulators warning states they will see them in court. Key Takeaways: CFTC filing asserts exclusive authority over prediction markets, signaling federal dominance over state challenges ahead. Massachusetts case involving KalshiEx highlights conflict where state enforcement … Read more

38 Attorneys General Back Massachusetts Lawsuit Against Kalshi Over Prediction Markets

State gambling enforcement against Kalshi is being challenged as 38 attorneys general back Massachusetts’ lawsuit. The case could shape whether states can enforce gambling licensing rules against event contracts. Key Takeaways: Coalition of 38 attorneys general supports Massachusetts lawsuit alleging Kalshi enables unlicensed sports betting activity. CFTC filing adds to the dispute as federal regulator … Read more

New York Sues Coinbase and Gemini Over ‘Prediction Markets’

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. New York Sues Coinbase and Gemini New York has escalated its enforcement posture against … Read more

New York Fintech, Prediction Market Giant Kalshi Eyes US Market for Crypto Perpetual Derivatives

Kalshi, the Commodity Futures Trading Commission (CFTC) regulated exchange known for its prediction markets, is reportedly preparing to launch crypto perpetual futures for the U.S. market. Key Takeaways: Kalshi plans to launch CFTC-regulated crypto perpetual futures for U.S. traders on April 21, 2026. The move targets a share of the derivatives market after Kalshi’s valuation … Read more

Kraken Parent Payward Enters $550M Deal to Acquire Bitnomial, Accelerating Regulated US Crypto Derivatives Push

Kraken is set to strengthen its dominance in U.S. crypto derivatives as parent company Payward moves to acquire Bitnomial in a deal worth up to $550 million at a $20 billion valuation. The move positions Kraken to accelerate regulated product expansion and capture growing market demand. Key Takeaways: Payward will acquire Bitnomial to add a … Read more

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