The CFTC today filed a lawsuit against Minnesota to block a new state law that would make operating or assisting in the operation of a prediction market a criminal felony.
The CFTC today filed a lawsuit against Wisconsin in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase.
New York Attorney General Letitia James and Governor Kathy Hochul have released the following statement in response to the federal government’s lawsuit.
The complaint alleges that Van Dyke, who is an active-duty service member in the U.S. Army, engaged in insider trading on Polymarket.com.
Fortini, while serving as an executive with Algo Capital LLC, misappropriated customer funds and made numerous misrepresentations.
The struggle among the various levels of financial regulation and lawmakers in the US is heating up on Prediction Markets.
The order imposes a $2.2 million civil monetary penalty and permanently enjoins Velissaris from engaging in further violations of the CEA.
The order imposes disgorgement of $3.7 million, requires Singh to continue cooperating with the Commission.
Capitolis UK Limited, a subsidiary of Capitolis Inc., has received regulatory approval to operate an Organized Trading Facility (OTF).
The operator of KuCoin Exchange is prohibited from allowing U.S. participants to access KuCoin Exchange without registering as a Foreign Board of Trade and must pay a $500,000 penalty.
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