Federal Agency
Appears in 12 stories
Defending prediction markets from state actions
Utah Attorney General Derek Brown sued Kalshi in state court on Oct. 20, naming the prediction market, several related Kalshi entities and two Susquehanna market-maker firms. The complaint says Kalshi's sports and event contracts are illegal gambling under Utah law and brings public nuisance and civil conspiracy claims.
Updated 3 days ago
Referral for investigation was retracted by the chair's office
On March 23, about 15 minutes before President Trump posted that he was postponing strikes on Iranian power plants, traders placed billions of dollars in futures bets that oil would fall and stocks would rise. In a two-minute window, roughly $580 million in crude contracts changed hands — 8.5 times the volume traded in the same window the prior week.
Updated 7 days ago
Public comment open on proposed crypto market rules through December 14, 2026
The CFTC's proposal for a federal crypto-trading framework has entered a public comment period. The advance notice of proposed rulemaking, published in the Federal Register, carries no binding rules yet and sets a December 14 deadline for comments. It asks how to design a new CFTC-regulated category called 'crypto asset markets' for exchanges that offer leveraged or margined trading to retail customers.
Updated Oct 10
Issued the final rule
Since October 8, every Canadian and Mexican interest rate swap cleared in US-regulated markets must reference one of two new overnight benchmarks. The old rates, the Canadian Dollar Offered Rate and Mexico's 28-day TIIE, no longer trade, and the Commodity Futures Trading Commission's final rule, published September 8, retired their clearing mandates.
Updated Oct 9
Registers and supervises US derivatives exchanges, brokers, and clearinghouses
The Commodity Futures Trading Commission registered Coinbase Clearing LLC as a derivatives clearing organization on Sept 28. The registration completes Coinbase's regulated derivatives stack: it now operates the exchange, the broker, and the clearinghouse for US-regulated crypto futures.
Updated Oct 3
Regulates Kalshi; not a party to the Utah suit
Utah can keep enforcing its ban on sports-style prediction bets while Kalshi appeals. The 10th Circuit refused on September 8 to pause the state's prop betting law, and last week a Sixth Circuit panel rejected the same preemption argument in Ohio and Tennessee.
Updated Sep 29
Plaintiff in enforcement action
The Commodity Futures Trading Commission filed suit September 24 accusing Cash FX Group S.A. of running a $950 million multilevel marketing Ponzi scheme. The Panama-incorporated company promised more than 400,000 account holders up to 15% weekly returns from forex trading run by professionals using proprietary algorithms and artificial intelligence.
Updated Sep 27
Defends exclusive jurisdiction over prediction markets
A water tower along I-94 in Detroit now carries the dark blue logo of Polymarket, the prediction market platform. The city says the ad has no permit and plans to investigate.
Updated Sep 18
Approved the whistleblower rule changes
A whistleblower who alerts the Commodity Futures Trading Commission (CFTC) to derivatives fraud has, on average, waited more than two and a half years for an award. A rule approved in September 2026 ends that wait for most claimants: anyone owed $5 million or less now presumptively receives the statutory maximum of 30 percent of collected sanctions.
Updated Sep 16
Oversees event contract swaps on designated contract markets
In January 2026, CME began listing event contract swaps on sports and cultural awards. On September 11, after seven filings that added football, basketball, tennis, elections and the Oscars, the exchange stopped adding new expiries.
Updated Sep 12
Reversed course from restricting prediction markets to suing states that oppose them; pursuing formal rulemaking after receiving more than 1,500 public comments by the April 30 deadline
Kalshi closed a $1 billion funding round on May 7 at a $22 billion valuation, led by Coatue Management with Morgan Stanley, Sequoia, Andreessen Horowitz, Paradigm, IVP, and ARK Invest. Annualized trading volume reached $178 billion, up from $52 billion six months earlier, and Kalshi now accounts for more than 90% of U.S. prediction market activity.
Updated May 31
Drafting new prediction market rules
Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. An Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing suspiciously accurate bets on the June 2025 Israel-Iran war — a first.
Updated May 29
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