Latest iGaming and regulatory news tagged CFTC.
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The Commodity Futures Trading Commission (CFTC) has escalated its legal confrontation with multiple U.S. states over the regulation of prediction markets, with legal experts suggesting that a compromise between the federal regulator and state attorneys general is unlikely.…
Brian Quintenz, the former Commodity Futures Trading Commission (CFTC) commissioner whose nomination to chair the agency was withdrawn last year, has joined the Coalition for Prediction Markets as a senior adviser. The industry group is backed by Kalshi,…
Kalshi, a prediction market platform, faced a legal setback in New York as a judge denied its request for a preliminary injunction against the state's Gaming Commission. The decision marks a significant hurdle for the company's operations in…
A U.S. Army Special Forces soldier facing civil enforcement action from the Commodity Futures Trading Commission (CFTC) over his use of the prediction market platform Polymarket has moved to have the case dismissed. The soldier, whose identity has…
The Commodity Futures Trading Commission (CFTC) may hold a strategic advantage over individual US states as the legal battle over prediction markets heads toward the Supreme Court, according to legal experts. The dispute centers on whether platforms such…
A group of 17 Democratic Party Senators, led by Richard Blumenthal, has petitioned a Senate subcommittee to prohibit the Commodity Futures Trading Commission (CFTC) from using federal funds to pursue legal actions against states in cases involving prediction…
The prediction market sector in the United States experienced another eventful week, marked by expanding litigation, tribal intervention, and the first federal prediction market bill to advance from a congressional committee. The Commodity Futures Trading Commission (CFTC) filed…
The pushback against prediction markets is intensifying, with former Commodity Futures Trading Commission (CFTC) chair Gary Gensler and the Chicago Mercantile Exchange (CME) joining the list of opponents. The growing opposition highlights ongoing regulatory and industry concerns over…
The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against the state of Kentucky, marking the ninth state the federal regulator has taken legal action against in its ongoing effort to assert authority over prediction markets. The…
The Commodity Futures Trading Commission (CFTC) has initiated legal action against the state of Kentucky, while prediction market operator Kalshi has separately filed a lawsuit against Illinois. These legal challenges come in response to recent state-level measures that…
