A federal judge denied Kalshi’s request for a preliminary injunction against Connecticut regulators, holding that its sports-event contracts are not swaps under the Commodity Exchange Act, so the CFTC’s exclusive jurisdiction never attached. Coinbase Financial Markets lost a companion motion on the same reasoning despite never having received a cease-and-desist. Not Swaps, and Not Preempted […]
Bitcoin.com News•Luci Kelemen11 AugGoliath Ventures allegedly collected $397 million from 1,611 customers before its CEO pleaded guilty to federal fraud and money-laundering charges.
AMBCrypto•Adewale Olarinde11 Aug
The CFTC flexed its emergency authority and ordered Kalshi to keep operating after the platform was sued last month in New York.
The Block•Sarah Wynn11 Aug
The case could redefine federal vs. state authority over prediction markets, impacting regulatory frameworks and market operations nationwide.
CryptoBriefing•Editorial Team11 Aug
CoinDesk•Nikhilesh De11 Aug
The complaint says $87 million went to Ponzi payments, $174 million to recruiter commissions and $48 million to CEO Christopher Delgado's personal spending, with recoveries for roughly 1,600 customers now running through a bankruptcy estate.
The Defiant•The Defiant Team11 Aug
A Florida man is facing fresh charges from the CFTC after the agency says he misappropriated $48 million dollars of customers' money.
The Block•Sarah Wynn11 Aug
Bitcoin Magazine CFTC Charges Goliath Ventures With $400M Bitcoin Fraud Regulator says roughly 1,600 customers lost money in Bitcoin and crypto operation whose CEO has already pleaded guilty This post CFTC Charges Goliath Ventures With $400M Bitcoin Fraud first appeared on Bitcoin Magazine and is written by Mathew Di Salvo .
A federal judge has paused the CFTC’s civil case against a US Army soldier accused of using classified information to earn more than $400,000 from Polymarket contracts tied to Nicolás Maduro’s removal. CFTC case paused until criminal proceedings conclude US…
A New York judge granted a motion filed by US prosecutors in July to stay the CFTC’s civil case against Gannon Ken Van Dyke over making more than $400,000 on prediction markets.
Cointelegraph•Cointelegraph by Turner Wright10 Aug
The CFTC's new committee could significantly influence future financial regulations, impacting crypto, AI, and prediction market landscapes.
CryptoBriefing•Editorial Team10 Aug
Enhanced transparency and compliance in prediction markets could lead to more robust regulatory frameworks, impacting market integrity and trust.
CryptoBriefing•Editorial Team7 Aug
The CFTC has warned regulated prediction markets against displaying American-style gambling odds as state authorities intensify efforts to classify sports event contracts as unlicensed betting. CFTC warns prediction markets over odds displays The Commodity Futures Trading Commission instructed regulated prediction…
Some prediction market platforms received a warning from the CFTC to refrain using American-style gambling odds, according to Bloomberg.
The Block•Sarah Wynn7 Aug
Democratic lawmakers say wildfire event contracts create risks of arson, insider trading, and disaster profiteering as they urge federal regulators to step in.
CFTC Chairman Michael Selig said regulators must give financial innovation room to lead as the global derivatives market enters a new phase of development. Selig rejects restrictive derivatives rules Writing in The Economist, Selig argued that regulators should avoid importing…
Matt Hougan argues that regulatory guidance from the SEC and CFTC would keep the industry moving even if Congress fails to pass landmark market structure legislation this year.
Cointelegraph•Cointelegraph by Felix Ng5 Aug
Nine U.S. senators are asking the Commodity Futures Trading Commission to prohibit contracts tied to wildfire duration, growth and destruction, warning that state and local fire officials see a risk of arson. Polymarket responded, saying the removal would only make timely information harder to reach. Democratic Senators Want Wildfire Prediction Contracts Banned Over Arson […]
Bitcoin.com News•Luci Kelemen4 Aug
The ruling leaves New York’s case against Kalshi in place while allowing the CFTC to renew its request before Judge Victor Marrero.
Cointelegraph•Cointelegraph by Zoltan Vardai4 AugGeorge Santos has settled CFTC case over Kalshi prediction market trades by accepting penalties and a three-year trading ban after regulators found he made misleading public statements while betting on his attendance at President Donald Trump’s State of the Union…