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In: CFTC, Prediction Market

A New York Occasions investigation claims CFTC employees who challenged crypto-linked prediction market corporations had been sidelined or investigated internally. Company officers allegedly raised considerations about fraud protections, shopper safeguards and regulatory approvals tied to Polymarket, Crypto.com and Gemini Titan. The report additionally highlighted a steep drop in crypto enforcementContinue Reading

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In: CFTC, CLARITY Act, SEC

Chris Perkins stated the US crypto business can hold advancing with out the CLARITY Act if SEC and CFTC coverage work continues. The SEC and CFTC issued a March 17 interpretation masking digital commodities, stablecoins and investment-contract remedy. Paul Atkins stated Congress remains to be wanted to future-proof market construction,Continue Reading

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In: CFTC, Regulation, SEC

SEC Chair Paul Atkins confirmed the crypto secure harbor proposal has superior to the Workplace of Data and Regulatory Affairs (OIRA), the ultimate White Home evaluate stage earlier than formal publication. The framework proposes a startup exemption permitting early-stage crypto tasks to lift roughly US$5 million over 4 years withContinue Reading

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In: CFTC, Kalshi, Prediction Market

A Third Circuit Court docket of Appeals panel voted 2-1 to dam New Jersey from bringing enforcement motion towards Kalshi, ruling the corporate’s sports activities occasion contracts are topic to federal CFTC authority, not state playing regulation. The ruling marks the primary time a US federal appeals court docket hasContinue Reading

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In: CFTC, Prediction Market

The CFTC and DOJ collectively sued Illinois, Arizona, and Connecticut on April 2 to dam state cease-and-desist orders towards federally regulated prediction market platforms together with Kalshi, Polymarket, and Robinhood. CFTC Chairman Mike Selig cited unique jurisdiction beneath the Commodity Trade Act, asserting that state regulators had been making anContinue Reading

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In: CFTC, Digital Asset, Regulation

The CFTC unveiled an Innovation Activity Drive protecting crypto, AI, and prediction markets on the Digital Asset Summit in New York on March 24. Senior adviser Michael J. Passalacqua will lead the duty pressure, which coordinates with an Innovation Advisory Committee of 35 members together with Coinbase, Ripple, and UniswapContinue Reading

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In: CFTC, SEC

The SEC and CFTC have signed a memorandum of understanding to enhance cooperation on monetary market regulation, together with digital asset oversight. The settlement outlines joint policymaking, enforcement coordination and knowledge sharing to cut back regulatory overlap. A Joint Harmonization Initiative will look at areas similar to product classification, reportingContinue Reading