Leading crypto exchange Coinbase has taken full control of another piece of its derivatives operation. The Commodity Futures Trading Commission (CFTC) has approved the company to launch Coinbase Clearing LLC, giving it an in-house, US-based derivatives clearing organization. The registration…
Crypto exchange Kalshi’s legal battle over sports-event contracts hit another roadblock on Friday. The 6th US Circuit Court of Appeals ruled that the states of Ohio and Tennessee are free to regulate the prediction market’s sports contracts under their own…
Leading tokenized asset firm Ondo Finance is pressing American regulators to open the door for perpetual futures on individual stocks, telling both the Securities and Exchange Commission(SEC) and the Commodity Futures Trading Commission(CFTC) that the current legal framework for security…
Federal regulators in the United States have moved against a Florida-based crypto firm and its founder, alleging they orchestrated one of the larger digital-asset Ponzi schemes uncovered in recent memory. Both the Securities and Exchange Commission(SEC) and the Commodity Futures…
A federal judge in New York has hit pause on a civil lawsuit brought by the Commodity Futures Trading Commission(CFTC), putting the case on ice until a separate criminal prosecution over the same conduct plays out. District Judge Andrew Carter…
Federal regulators are again putting prediction market operators on notice over how they file new products for approval. In a latest development, the Commodity Futures Trading Commission (CFTC) issued an advisory Friday directed at leading firms including Kalshi, Coinbase, Polymarket,…
Two US senators are pressing federal regulators to look into Polymarket, after reporting emerged that the prediction market company paid influencers to stage fake betting videos for social media. Senator John Curtis, a Republican, and Senator Adam Schiff, a Democrat,…
In a significant development, the United States has opened the door to regulated bitcoin perpetual futures trading on domestic soil for the first time, with the Commodity Futures Trading Commission (CFTC) approving KalshiEX to list the product on Friday. Commenting…
US President Donald Trump has publicly entered the escalating fight over prediction markets, declaring that the Commodity Futures Trading Commission(CFTC) holds exclusive authority over the space and calling out state officials by name for attempting to regulate platforms that his…
In a major development, leading venture capital firm, Andreessen Horowitz (A16z), has entered the growing standoff between federal and state regulators over prediction markets, filing a comment letter on Thursday that supports the Commodity Futures Trading Commission (CFTC) and pushes…
