Wisconsin DOJ Sues Coinbase, Kalshi and 3 More Over Sports Betting Event Contrac...
TLDR: Wisconsin sued five firms over sports contracts it says function like illegal sports betting. Kalshi says federal law and CF...
New York AG Sues Coinbase, Gemini Over Prediction Markets
TLDR New York Attorney General Letitia James has sued Coinbase and Gemini over alleged illegal gambling on their prediction market...
CFTC Chair Mike Selig Says AI Offsets Crypto Staff Cuts
TLDR CFTC Chairman Mike Selig told lawmakers that AI tools help the agency maintain oversight despite a reduced workforce. About 2...
CFTC Chair Michael Selig Grilled Over Prediction Markets
TLDR Lawmakers questioned CFTC Chair Michael Selig over oversight of prediction markets tied to political events and deaths. Rep....
CFTC Chair Mike Selig argues for agency's 'exclusive regulatory authority' in pr...
Selig said states do not have the ability to police prediction market providers, echoing his agency's stance as it pursues court c...
CFTC Wins Arizona TRO as Prediction Markets Criminal Case Pauses
TLDR: Arizona must pause criminal charges against CFTC-regulated prediction markets after the federal TRO order. The CFTC says fed...
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Kalshi Faces Multi-State Lawsuits as Prediction Markets Labeled ‘Disguised Gambl...
TLDR: Washington state sued Kalshi on Friday, alleging its prediction market products violate state online gambling laws. Nevada s...