Tag: cftc
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Why the CFTC’s stock perpetuals went straight to court
The regulator cleared perpetual futures on individual shares, and a new industry group sued the same day, before any exchange had said it would…
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Utah has filed felony charges against Kalshi and both its founders
The state says an undercover agent placed bets, and the charges give a jurisdiction fight a defendant list the civil suits never had.
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Utah is the tenth state the CFTC has sued over prediction markets
Each suit repeats the same claim of exclusive jurisdiction, and no court ruling has been reported.
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Hyperliquid wants Kraken’s parent as its first CFTC-regulated market deployer, and no regulator has signed off
It is a stated intention on X, with the permissioning tools still running only on a testnet.
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The CFTC says CME cannot show it was hurt by perpetual futures, and has quoted CME’s own earnings calls back at it
The agency wants the case dismissed on standing, while CME argues a contract with no end date is a swap, not a future.
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Crypto.com and Novig have sued Missouri over sports contracts, while Kalshi, Polymarket and Robinhood have not
The cease-and-desist deadlines have arrived, and the appeals courts that would decide it disagree.
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The CFTC has started on rules for leveraged crypto trading, and left ordinary buying to the states
Headlines called it a proposal, but the agency has only asked questions, and its chairman says he cannot force anyone onto a federal platform…
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The CFTC wants to rule that prediction markets are not gambling, and skip the public comment
Two rules now at the White House could undercut every state lawsuit against the platforms, if they survive the lawsuits they invite.
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Kalshi is ending the programme that paid traders for volume, a year early and in a record month
Kalshi says there is no wash trading on its platform, and it is switching off the incentive that would reward it anyway.
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A third appeals court has ruled on Kalshi’s sports contracts, and Kalshi is now one for three
Federal judges cannot agree whether a bet on a game is a financial product, which leaves the Supreme Court as the likely referee.