News
US Senators Push to End CFTC "Assault" on State Oversight of Prediction Markets
2+ hour, 11+ min ago (33+ words) Senators Richard Blumenthal and Senator Jeff Merkley sent a letter to the Senate Appropriations Subcommittee on Financial Services and General Government this week to address the CFTC's legal battles involving prediction markets....
CFTC Pulls New Mexico Into Prediction Markets Battle
1+ week, 4+ day ago (605+ words) New Mexico is the eighth state sued by the CFTC over prediction markets, as Gary Gensler doubted the regulators' claim of authority over sports event contracts. New Mexico is the latest US state to be pulled into the Commodity Futures…...
US Gov't Sues Four States, RWAs Cross $30 billion: Month in Charts
1+ mon, 3+ week ago (420+ words) The US CFTC is going after states that are prosecuting prediction markets, while French prosecutors are trying to get a handle on wrench attacks, charging 88 alleged offenders....
Federal Regulation Looms as 11 States Go After Prediction Markets
3+ mon, 2+ day ago (906+ words) Kalshi is facing off with state regulators around the US, who claim that prediction markets are a form of gambling and recognize that they are a significant source of potential revenue. Momentum is building across US states to regulate or…...
Arizona Judge Blocks Gambling Enforcement Against Kalshi Contracts
2+ mon, 2+ week ago (363+ words) A federal judge in Arizona has temporarily barred state officials from enforcing gambling laws against Kalshi, siding with US regulators in a growing dispute over how event-based trading products should be classified. In an order issued on Friday, Judge Michael…...
DOJ and CFTC Seek Halt to Arizona Action Against Kalshi
2+ mon, 2+ week ago (377+ words) The US Justice Department and commodities regulator asked a federal court to block Arizona's action against Kalshi, arguing federally regulated event contracts fall under CFTC jurisdiction. The US Department of Justice (DOJ) and Commodities and Futures Trading Commission (CFTC) asked…...
Kalshi Hit With Washington State Lawsuit
2+ mon, 4+ week ago (427+ words) The Washington attorney general became the latest state authority to sue Kalshi, alleging on Friday that the prediction markets operator violated state regulations. Kalshi is facing another state-level lawsuit after the state of Washington on Friday filed allegations that the…...
West Virginia Lawmaker Introduces Bill to Allow State Crypto Investments
5+ mon, 1+ week ago (251+ words) The legislation would allow the state's treasury to hold digital assets with a market capitalization of more than $750 billion, which applied only to Bitcoin as of January. West Virginia State Senator Chris Rose has proposed legislation amending the state's code…...
Tennessee City Board Passes Ordinance to Allow Future Crypto Mining
5+ mon, 3+ day ago (407+ words) An ordinance to amend the city's zoning laws laid out guidelines for where a crypto miner could operate in the area and how loud the operation could be. The Board of Mayor and Aldermen in Kingsport, Tennessee approved changes to…...
Arizona lawmaker proposes barring taxes on crypto and blockchain
6+ mon, 3+ day ago (500+ words) Two bills and one resolution proposed by state lawmaker Wendy Rogers could allow Arizona voters to change the state's taxation laws applied to digital assets and blockchain. Arizona state Senator Wendy Rogers has proposed two bills and a resolution in…...