Commodity Futures Trading Commission

Polymarket is re-entering the U.S. market with a new regulatory-compliant platform after settling federal charges in 2022. The company is hiring compliance experts and partnering with major organizations to rebuild trust and differentiate its U.S. operations from its offshore predecessor.

Billionaire John Arnold and his wife have donated over $2.3 billion to causes like criminal justice and education. Arnold Ventures, their foundation, is now funding $2.6 million in research grants to 12 universities and think tanks to study the health and societal impacts of sports betting, focusing on financial well-being, mental health, and policy solutions. The research excludes prediction markets due to limited data access.

Kalshi CEO Tarek Mansour claims insider trading is easier to detect in prediction markets compared to the stock market due to the direct link between information and trades. He cited former Rep. George Santos's alleged insider trading on Kalshi as an example, noting the platform is implementing stricter measures to combat such activity. Lawmakers, including Minnesota Gov. Tim Walz, have criticized prediction markets and proposed bans or restrictions.

Prediction market Kalshi sued Illinois over new taxes and licensing requirements for sports bets, arguing the state's classification of its platform as unlicensed sports wagering violates federal jurisdiction. Illinois amended its Sports Wagering Act to impose 1.75% and 3.5% taxes on Kalshi's wagers, effective July 1, and requires a costly license. Kalshi claims compliance would conflict with federal Commodity Futures Trading Commission (CFTC) regulations.

The Commodity Futures Trading Commission has begun investigating Polymarket, a prediction market company associated with Donald Trump Jr. This action is described as a test for the key regulator.

Galaxy Research has lowered the CLARITY Act's chances of becoming law in 2026 to 50-50 due to a tight Senate schedule and lack of progress on merging bill texts or scheduling a vote. The act, which aims to establish a regulatory framework for digital assets, passed the Senate Banking Committee but remains stalled on the legislative calendar.

U.S. lawmakers are urging federal regulators to investigate Polymarket over allegations of deceptive marketing involving staged trading videos. The platform is accused of using simulated environments in social media content to mislead viewers about real returns and platform activity. Lawmakers argue the campaign could misrepresent how prediction markets work and call for the Commodity Futures Trading Commission to examine potential violations of federal rules.

Kalshi filed a federal lawsuit in Illinois to block a new transaction tax on prediction markets, arguing the tax violates federal regulation and the Supremacy Clause. The company claims its event contracts are federally regulated and not gambling, while Illinois regulators have issued cease-and-desist letters to Kalshi and competitors.

Kalshi, a prediction market platform, sued Illinois officials over a new state law imposing a 15% tax on sports-related wagers. The company argues the law violates the supremacy clause by conflicting with federal regulation of derivatives overseen by the Commodity Futures Trading Commission.

Voters in both parties prefer federal oversight of prediction markets over state oversight, with 48% of Republicans and 45% of Democrats supporting federal regulation. A minority of voters (8%) advocate banning prediction markets, while 67% believe adults should decide their use. Commodity Futures Trading Commission Chair Mike Selig faces opposition from states and tribes seeking to ban or regulate the markets.

The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against Kentucky, marking it as the ninth state involved in legal battles over prediction markets. The lawsuit follows previous actions by the CFTC against states regarding these markets.

Congress has scheduled a hearing for the Digital Asset Market Clarity Act (H.R. 3633) on July 17 in New York. The bill aims to establish a regulatory framework by assigning the CFTC authority over Bitcoin spot markets and the SEC over investment contracts. It has gained momentum in Congress with bipartisan support but faces challenges in reconciling Senate and House versions.

The Commodity Futures Trading Commission (CFTC) faces a lawsuit from the Chicago Mercantile Exchange (CME) over approving Kalshi's request to list perpetual futures contracts. The CME argues the CFTC's expedited approval without public input violates the Commodity Exchange Act and allows unregulated trading of perpetual contracts, which are typically classified as swaps under the Dodd-Frank Act.

State attorneys general claim the Commodity Futures Trading Commission is unprepared for the social cost of prediction markets. The CFTC's headquarters is located in Washington, DC.

CME Group has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) and its Chair Michael Selig, arguing that the CFTC's classification of cryptocurrency 'futures' as 'swaps' creates risks for derivatives markets.

The CME Group is suing the Commodity Futures Trading Commission (CFTC) over its decision to allow perpetual futures to trade in the United States. The lawsuit accuses the CFTC of suddenly altering its regulatory approach regarding these financial instruments.

Theodore Gillibrand, son of pro-crypto Senator Kirsten Gillibrand, raised $30 million led by Lux Capital to launch APEC, a derivatives exchange for perpetual futures. The platform aims to list perpetual futures for equities and stock indices under CFTC regulation, avoiding cryptocurrency markets.

CME Group plans to sue the Commodity Futures Trading Commission (CFTC) over its approval of Bitcoin perpetual futures, arguing the products should be classified as swaps under the Dodd-Frank Act. The CFTC approved Kalshi and Coinbase to offer these contracts, asserting they bring crypto derivatives under U.S. regulation. CME claims the CFTC bypassed standard review procedures and that perpetual futures require different regulatory treatment.

A Michigan federal judge ruled that sports prediction markets are not under the jurisdiction of the Commodity Futures Trading Commission (CFTC). The judge also determined that Polymarket is unlikely to succeed in its legal case against Michigan state regulators.

Gaming groups are urging Congress to ban prediction markets and sports betting through the CLARITY Act. They seek clarification that the Commodity Futures Trading Commission should not oversee prediction markets.

Brian Mitchell, an Ann Arbor man, pleaded guilty to defrauding investors of $2.7 million through a commodities trading scheme that falsely promised guaranteed returns. He operated under entities named Young Pros Investment Group and My Nest Egg, and had previously been barred by the CFTC from trading and soliciting investments.

President Donald Trump announced his intention to appoint James M. McDonald, one of his personal lawyers, as the U.S. Attorney for the Southern District of New York. McDonald, a former federal prosecutor and current partner at Sullivan & Cromwell, will replace Jay Clayton, who is being considered for the director of national intelligence role. McDonald has been involved in Trump’s legal team and previously worked in the White House under President George W. Bush.

President Donald Trump announced his intent to nominate James M. McDonald as U.S. Attorney for the Southern District of New York. McDonald, a litigation partner at Sullivan & Cromwell, previously served as a personal attorney to Trump for the Manhattan hush money conviction appeal and held roles at the Commodity Futures Trading Commission and in the George W. Bush administration. Trump praised McDonald as a 'strong results' candidate.

President Donald Trump announced his intent to nominate James M. McDonald as U.S. Attorney for the Southern District of New York. McDonald, a former Assistant U.S. Attorney in the same district and current litigation partner at Sullivan & Cromwell, previously served as Trump's attorney for the Manhattan hush money conviction case. He would oversee the Justice Department’s Southern District of New York office, which handles high-profile cases including terrorism and fraud.

President Donald Trump has nominated James M. McDonald as U.S. Attorney for the Southern District of New York. McDonald, a litigation partner at Sullivan & Cromwell, previously served as an Assistant U.S. Attorney in the same district and worked on Trump’s Manhattan hush money conviction appeal. If confirmed, he would lead the Justice Department’s prestigious prosecution office handling cases from terrorism to public corruption.

President Donald Trump announced his intent to nominate James M. McDonald as U.S. Attorney for the Southern District of New York. McDonald, a former Assistant U.S. Attorney in the same district and current litigation partner at Sullivan & Cromwell, was previously Trump's attorney for the Manhattan hush money conviction appeal. If confirmed, he would lead the Justice Department’s prestigious Southern District of New York office, which handles terrorism, espionage, and corruption cases.

The Commodity Futures Trading Commission (CFTC) is considering blocking the Chicago Mercantile Exchange's (CME) proposal for a 24/7 oil contract. The article references a trading keyboard at the New York Stock Exchange, but no further details are provided.

Mike Selig, head of the Commodity Futures Trading Commission, asserts federal jurisdiction over prediction markets and invites Supreme Court review to resolve conflicts with state and tribal regulations. He opposes stricter legislative constraints proposed by lawmakers and is suing states like Minnesota that have banned or regulated the markets.

The Trump administration proposed new rules for online prediction markets, banning bets on war, assassination, and extreme events but allowing many sports bets. Critics argue the rules are insufficient to regulate the industry, which faces jurisdictional disputes between states and federal authorities. The Commodity Futures Trading Commission (CFTC) aims to create a regulatory framework while permitting bets on events like reality TV outcomes and elections.

Senate Democrats are urging the Commodity Futures Trading Commission to regulate prediction markets like Kalshi and Polymarket more strictly to address concerns over insider trading and consumer protection. The group of 16 senators, led by Amy Klobuchar, called for guidance to prevent event contract manipulation and ensure clear contract terms.

The Trump administration proposed new rules for online prediction markets, banning bets on war, terrorism, and assassinations but allowing many sports bets. Critics argue the rules are insufficient to address jurisdictional conflicts between states and federal regulators over gambling platforms.

U.S. Senate Democrats are urging the Commodity Futures Trading Commission to increase oversight of prediction markets like Kalshi and Polymarket, citing concerns over insider trading and consumer harms. The senators, led by Amy Klobuchar, called for stricter regulations and clearer contract terms to address risks as these markets grow in popularity.

The Trump administration proposed new rules for online prediction markets, banning bets on war and terrorism but allowing many sports bets. Critics argue the rules are insufficient to regulate the industry, which faces jurisdictional conflicts between states and federal authorities. Minnesota was the first state to outlaw prediction markets.

A group of 16 U.S. Senate Democrats, led by Amy Klobuchar, is urging the Commodity Futures Trading Commission to tighten regulation of prediction markets like Kalshi and Polymarket. They cited concerns over insider trading, consumer harms, and ambiguous contract language as these markets grow in popularity among retail participants.

A group of 16 U.S. Senate Democrats is urging the Commodity Futures Trading Commission to tighten regulation of prediction markets like Polymarket and Kalshi, citing concerns over insider trading and consumer harms. The senators requested guidance to prevent market manipulation and called for reviews of policies to ensure adequate resources for preventing abuse.

The Trump administration proposed new rules for online prediction markets, banning bets on war and terrorism but allowing many sports bets. Critics argue the rules are too lenient, enabling the industry to avoid state gambling regulations. The Commodity Futures Trading Commission (CFTC) will regulate these markets under the proposed framework.

The Trump administration proposed new regulations for online prediction markets that would ban bets on war and terrorism but allow many sports bets. Critics argue the rules are insufficient to address jurisdictional conflicts between states and federal regulators. Minnesota was the first state to outlaw prediction markets.

The Trump administration proposed new rules for regulating prediction markets, aiming to clarify which events can be listed for trading. The Commodity Futures Trading Commission (CFTC) seeks to specify events considered 'contrary to the public interest' and ineligible for listing.

Former U.S. Rep. George Santos is under investigation for trading on Kalshi, where he bet against attending Trump's State of the Union address while publicly claiming excitement. He called a reporter, denied the investigation, made a violent threat, and later lied about it.

The Commodity Futures Trading Commission terminated a decades-old gag rule in enforcement settlements. The agency also terminated about a dozen probationary employees, including attorneys in enforcement and market oversight divisions, effective immediately.