Archives

August 12, 2026 @ 12:57 pm By Omar Faridi  |  

Federal market regulatory authorities in the US including the SEC and CFTC have escalated their response to a major alleged cryptocurrency fraud involving Goliath Ventures Inc. and its founder. On August 11, 2026, the Securities and Exchange Commission filed civil charges in the U.S. District… Read More

August 9, 2026 @ 1:06 pm By Omar Faridi  |  

The Commodity Futures Trading Commission (CFTC) has issued a formal reminder to regulated prediction market platforms, instructing them against presenting event contract prices in the manner of traditional American-style moneyline gambling odds. This guidance comes as the agency continues to defend its oversight of these… Read More

August 4, 2026 @ 10:30 pm By Omar Faridi  |  

On August 3, 2026, the Commodity Futures Trading Commission (CFTC) announced that it had filed and settled charges against UBS Financial Services Inc. (NYSE:UBS), a registered futures commission merchant. The action centered on the firm’s failure to properly oversee the setup and functioning of systems used… Read More

August 2, 2026 @ 9:32 pm By Omar Faridi  |  

Former US Representative George Santos has agreed to pay more than $35,000 to resolve allegations by the Commodity Futures Trading Commission (CFTC) that he engaged in manipulative trading on the prediction market platform Kalshi. The case centered on event contracts concerning whether he would attend… Read More

July 30, 2026 @ 4:25 pm By Omar Faridi  |  

Binance.US is taking steps to broaden its product lineup in the United States by pursuing regulatory approval for a prediction markets offering. At the Rare Evo conference in Las Vegas, the exchange’s chief executive, Stephen Gregory (also known as Stevie Satoshi), stated that the firm… Read More

July 29, 2026 @ 5:32 pm By Omar Faridi  |  

A bipartisan alliance of attorneys general from 44 states has formally challenged the Commodity Futures Trading Commission’s (CFTC) efforts to oversee sports-linked prediction markets, asserting that the agency possesses no legal power to do so. In a detailed comment letter submitted as the public feedback… Read More

July 28, 2026 @ 8:43 am By Omar Faridi  |  

The National Football League (NFL) has formally urged the Commodity Futures Trading Commission (CFTC) to significantly tighten its proposed framework governing sports-related event contracts, arguing that the current draft falls well short of safeguards needed to protect game integrity and market participants. In a letter dated… Read More

July 28, 2026 @ 7:51 am By Omar Faridi  |  

A federal judge has issued a preliminary injunction that blocks Minnesota from enforcing its newly enacted prohibition on prediction markets, delivering a major win to platforms including Polymarket and Kalshi just days before the measure was set to take effect.U.S. District Judge Katherine Menendez of… Read More

July 14, 2026 @ 9:45 pm By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) negated a Michigan court order that canceled trades on Kalshi. According to a statement by the CFTC, it exercised its authority to order Kalshi to fulfill open trades. CFTC Chairman Michael Selig said a state cannot force a Designated… Read More

July 12, 2026 @ 11:55 am By Michael Wong  |  

ProphetX, America’s first sports-native prediction market, has asked the US Commodity Futures Trading Commission (CFTC) to clarify how registration requirements should apply to technology companies that give customers access to federally regulated sports event contracts. The company made the request in a comment letter responding… Read More

June 25, 2026 @ 10:30 am By Omar Faridi  |  

Financial services research from TD Cowen indicates that CME Group holds a significant edge in its federal lawsuit contesting the Commodity Futures Trading Commission’s (CFTC) recent decisions on cryptocurrency perpetual futures products. The dispute arose after CME Group filed its complaint on June 18, 2026,… Read More

June 19, 2026 @ 3:45 pm By Omar Faridi  |  

CME Group, the operator of major US futures exchanges, filed a federal lawsuit on June 18, 2026, against the Commodity Futures Trading Commission (CFTC) and its chairman, Michael Selig. The action challenges recent CFTC decisions that cleared the way for perpetual futures contracts tied to… Read More

June 18, 2026 @ 8:44 am By Omar Faridi  |  

The US Commodity Futures Trading Commission (CFTC) has initiated a federal lawsuit against New Mexico, aiming to reinforce its exclusive regulatory power over prediction markets, including those involving sports-related event contracts. This move highlights ongoing tensions between federal derivatives oversight and state-level gambling regulations. Filed… Read More

June 16, 2026 @ 10:16 am By JD Alois  |  

Perpetual futures, or Perps, have arrived in the US with the first regulated Perp issue by Kalshi, referencing Bitcoin. Expect more to follow BTCPERP was approved last month by the Commodity Futures Trading Commission (CFTC). While some marketplaces offered a perpetual-like product, and they have… Read More

May 28, 2026 @ 7:48 am By JD Alois  |  

The Commodity Futures Trading Commission (CFTC) has pulled a 180 regarding an enforcement action filed against Gemini Spaceship (NASDAQ:GEMI). In a statement yesterday, the CFTC explained that it had joined Gemini Trust Company in a motion for relief from judgment in CFTC v. Gemini Trust… Read More

May 23, 2026 @ 5:04 pm By Omar Faridi  |  

Leaders of the US House Committee on Agriculture have pressed US President Donald Trump to appoint commissioners to the four vacant seats on the Commodity Futures Trading Commission (CFTC). The move underscores the agency’s critical and expanding responsibilities in overseeing derivatives markets, including a heightened… Read More

May 21, 2026 @ 8:00 am By Omar Faridi  |  

Fintech professional Simon Taylor has shared key insights after the White House just issued an executive order under the Trump Administration requiring the SEC, CFTC, FDIC, OCC, CFPB, as well as the NCUA, to identify any applicable rules that block fintech firms within the next… Read More

May 15, 2026 @ 8:54 am By Omar Faridi  |  

Bitcoin (BTC), Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), Binance Coin (BNB) rallied, posting strong gains this Friday as the US Senate Banking Committee approved comprehensive legislation designed to bring regulatory certainty to the digital asset industry. The Digital Asset Market Clarity Act, often referred… Read More

May 9, 2026 @ 1:26 pm By Omar Faridi  |  

The US Commodity Futures Trading Commission (CFTC) has finalized an enforcement action against Sidney Lebental, requiring him to pay a $200,000 civil fine for engaging in spoofing practices in the treasury futures market. Lebental, who holds dual French and American citizenship and lived in New… Read More

May 6, 2026 @ 10:58 am By Omar Faridi  |  

The US Commodity Futures Trading Commission (CFTC) is preparing to advance formal rulemaking aimed at providing definitive guidance on when developers of non-custodial software, such as self-custodial wallets and trading interfaces, must register as brokers or associated persons. This development was highlighted by CFTC Chairman… Read More