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CFTC Sues New York to Assert Prediction Market Oversight

CFTC Sues New York to Assert Prediction Market Oversight

CFTC Sues New York to Assert Prediction Market Oversight
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CFTC sues New York to block oversight of prediction markets

CFTC sues New York to block oversight of prediction markets

By Jonathan Stempel NEW YORK, April 24 (Reuters) - The U.S. Commodity Futures Trading Commission sued New York on Friday, accusing the state of invading its authority to regulate prediction markets by filing lawsuits accusing Coinbase Financial Markets and Gemini Titan of promoting gambling.
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New York sues US for canceling $73.5 million in highway funding

New York sues US for canceling $73.5 million in highway funding

By David Shepardson WASHINGTON, April 24 (Reuters) - New York sued the Trump administration for withholding more than $73.5 million in highway funding over the state's decision not to revoke some commercial driver licenses.
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What to know about the fight over whether New York should lose $74M for not revoking immigrant CDLs

What to know about the fight over whether New York should lose $74M for not revoking immigrant CDLs

New York filed a lawsuit Friday to challenge the federal Transportation Department’s decision to withhold nearly $74 million in highway money because the state refused to revoke nearly 33,000 questionable commercial driver’s licenses for immigrants since an audit uncovered problems last year
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US soldier charged with using classified intel to win $400K Polymarket bet on Maduro raid

US soldier charged with using classified intel to win $400K Polymarket bet on Maduro raid

A U.S. soldier involved in the military operation to capture Venezuelan President Nicolas Maduro has been charged with using classified information about the mission to win more than $400,000 in an online betting market
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New York Prohibits State Employees from Insider Trading on Prediction Markets

New York Prohibits State Employees from Insider Trading on Prediction Markets

New York Prohibits State Employees from Insider Trading on Prediction Markets
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Governor Hochul Bans State Employees from Prediction Market Insider Trading

Governor Hochul Bans State Employees from Prediction Market Insider Trading

Governor Kathy Hochul of New York has signed an executive order prohibiting state employees from engaging in insider trading on prediction market platforms such as Kalshi and Polymarket. This move is part of a broader effort to prevent public servants from using their positions for personal financial gain. The executive order also restricts state employees from sharing insider information that could be used for profit. Similar actions have been taken by Governors JB Pritzker of Illinois and Gavin Newsom of California, who have also issued executive orders to curb insider trading among state employees. These measures are in response to growing concerns about the potential misuse of nonpublic information by government officials, particularly in markets influenced by government actions.
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OG Platform's Legitimacy and Trustworthiness in Prediction Markets Evaluated

OG Platform's Legitimacy and Trustworthiness in Prediction Markets Evaluated

OG Platform's Legitimacy and Trustworthiness in Prediction Markets Evaluated
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Kalshi suspends three US congressional candidates for 'political insider trading'

Kalshi suspends three US congressional candidates for 'political insider trading'

By Jasper Ward WASHINGTON, April 22 (Reuters) - Prediction markets platform Kalshi said on Wednesday it has suspended three U.S. congressional candidates for "political insider trading," building on its efforts to block politicians and athletes from betting on contests in which they are involved.
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Crypto exchanges gear up to launch US perpetual futures ahead of rule change

Crypto exchanges gear up to launch US perpetual futures ahead of rule change

By Hannah Lang April 22 (Reuters) - Global crypto exchanges are racing to capitalize on the U.S. Commodity Futures Trading Commission's expected move to allow trading in perpetual crypto futures, a popular but risky derivatives product that has so far largely remained offshore.
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New York Attorney General Sues Coinbase and Gemini Over Unlicensed Prediction Markets

New York Attorney General Sues Coinbase and Gemini Over Unlicensed Prediction Markets

New York Attorney General Sues Coinbase and Gemini Over Unlicensed Prediction Markets
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Kalshi fines and suspends 3 congressional candidates for wagering on their own elections

Kalshi fines and suspends 3 congressional candidates for wagering on their own elections

Three congressional candidates are accused of betting on their own elections through the prediction market Kalshi