CFTC sues Kentucky after state’s prediction market lawsuits
The Commodity Futures Trading Commission has sued Kentucky, now the ninth state the regulator is battling in its fight over prediction markets. Go to Source
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CFTC chair says perp trading not suitable for all assets it regulates
Michael Selig told US cotton producers that the agency’s regulatory approach to crypto perpetual futures may not be a “natural fit for traditional commodity markets, like agriculture.” Go to Source
CBOE weighs converting BTC, ETH continuous futures into perpetual futures: Report
As US regulatory changes accelerate the adoption of crypto perpetual futures and rivals Coinbase and Kalshi expand their offerings, Cboe mulls a product overhaul. Go to Source
Kalshi in early IPO talks with investment banks: Report
The prediction market platform is reportedly exploring a public listing after surpassing $2 billion in annualized revenue as sports contracts face mounting legal scrutiny. Go to Source
Celsius’ Mashinsky gets permanent trading ban in CFTC settlement
The US commodities watchdog has settled with Celsius founder Alex Mashinsky, ending the agency’s first-ever case against a crypto lending platform. Go to Source
Celsius Founder Faces Permanent Trading Ban After Fraud Conviction
Nearly three years after Celsius unraveled, the CFTC has closed its civil enforcement case against founder Alexander Mashinsky with a federal consent order imposing permanent trading and registration bans. The decision marks another chapter in the fallout from a crypto lender that regulators alleged attracted about $20 billion in customer funds through misleading claims about … Read more
CME Group sues CFTC over crypto perpetual futures
The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets. Go to Source
CME’s Terrence Duffy Targets CFTC Perps Approval as Kalshi Volume Tops $3B
CME Group CEO Terrence Duffy announced plans to sue the Commodity Futures Trading Commission over its decision to allow prediction-market operator Kalshi to offer bitcoin perpetual futures. Perps Should Be Classified as Swaps, Says CME Boss CME Group CEO Terrence Duffy said June 17 he plans to sue the Commodity Futures Trading Commission (CFTC) over … Read more
Gaming groups urge Congress to ban prediction markets sports betting in CLARITY Act
Gambling industry groups want the US Senate to step in to clarify that the Commodity Futures Trading Commission does not have the authority to oversee prediction markets. Go to Source
Kalshi adds software partner as it looks to boost prediction market surveillance
The collaboration comes as US state regulators and the CFTC battle over oversight of event-based contracts. Go to Source