Selig said states do not have the ability to police prediction market providers, echoing his agency’s stance as it pursues court cases …
CFTC
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Regulation
CFTC presses case that sports betting is finance, seeks to block Arizona enforcement
by shayaanby shayaanThe U.S. government is making its clearest case yet that betting on sports can be regulated as finance, not gambling. In a …
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Regulation
CFTC sues Illinois over state’s cease-and-desist letters against prediction markets
by shayaanby shayaanThe U.S. Commodity Futures Trading Commission and Department of Justice filed a lawsuit against Illinois and various state officials on Thursday over …
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Regulation
CFTC Chair Calls Current Financial System Outdated, Backs Blockchain
by shayaanby shayaanAmerica’s top financial regulator has made a bold statement about traditional money. CFTC Chair Michael Selig says current financial systems are outdated …
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Nishad Singh, the former head of engineering at FTX, will pay $3.7 million to resolve his case with the US commodities regulator …
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Regulation
CFTC fires insider trading shot as JPMorgan, Paradigm mull prediction market ventures
by shayaanby shayaanThe prediction markets boom is drawing in some of the biggest names on Wall Street, and it is catching the eye of …
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Markets
CFTC sues Illinois, Arizona, Connecticut over states' sports prediction market efforts
by shayaanby shayaanThe CFTC argued in a lawsuit that the Commodity Exchange Act gave it “exclusive jurisdiction” over all swaps, which include prediction markets. …
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Markets
KuCoin operator barred from U.S. after CFTC order, following $297 Million DOJ case
by shayaanby shayaanKuCoin operator Peken Global Limited cannot cater to U.S. users on its platform unless it registers as a foreign board of trade. …
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Regulation
US Critical Institution CFTC Launches New Bullish Initiative for Cryptocurrencies! Here Are the Details
by shayaanby shayaanBitcoin (BTC) and altcoins continue to hold strong despite the ongoing conflict between the US and Iran. As the five-day deadline given …
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Senators Adam Schiff and John Curtis are introducing legislation to bar CFTC-regulated prediction market platforms from offering contracts tied to sporting events. …