Prediction Markets Trigger Federal-State Clash as CFTC Defends Authority

Key TakeawaysNigeria’s Senate advanced a crypto bill on June 9 as Tahir Monguno warned delays fueled risks.Rume Ophi said the 2021 CBN ban under Godwin Emefiele set the...

The US Commodity Futures Trading Commission (CFTC) has proposed new rules for prediction markets, signaling that sports event contracts are generally not contrary to the public interest even...

Key TakeawaysCFTC proposed a June 10 framework with a 90-day review for certain event contracts.Kalshi gains clearer rules, while Polymarket may benefit from reduced regulatory uncertainty.CFTC’s comment period...

The lobbying arm of crypto futures exchange Hyperliquid and venture capital firm Paradigm has urged the US Treasury to revise a proposed anti-money laundering and sanctions rule for...

Key Takeaways61 crypto leaders urged senators to preserve developer protections inside the CLARITY Act.Supporters say clearer rules could help distinguish software builders from financial intermediaries.Senate changes may determine...