Tag: CFTC

Binance.US to Apply for CFTC Designated Contract Market License in August

Professional reviews a Designated Contract Market document with a CFTC monitor and Binance.US screen in a newsroom

Binance.US plans to apply for designation as a contract market with the Commodity Futures Trading Commission in August, setting out a path toward operating a federally regulated prediction market for U.S. customers. Chief Executive Stephen Gregory disclosed the timetable during the Rare Evo conference in Las Vegas, and a company spokesperson subsequently confirmed the plan.

Fanatics acquires CFTC-regulated exchange and clearinghouse license from BGC Group

Executives sign acquisition in a modern office, with a display of Fanatics Markets, Water Street Labs, and CX Clearinghouse.

Fanatics has agreed to acquire Water Street Labs and CX Clearinghouse from BGC Group, positioning its Fanatics Markets business to own the regulated infrastructure used to list and settle prediction contracts. The transaction would give Fanatics control of both a Commodity Futures Trading Commission-designated exchange and a registered derivatives clearing organization, subject to the acquisition […]

Kalshi Sues Minnesota Over Prediction Market Ban

Courtroom gavel, server rack, and Minnesota silhouette illustrating Kalshi's federal vs state prediction market challenge.

KalshiEX filed a federal complaint in Minnesota seeking declaratory and injunctive relief against state officials over a new prediction-market ban. The lawsuit argues Minnesota is trying to regulate federally supervised event contracts as illegal wagering, directly conflicting with the Commodity Exchange Act and the CFTC’s claimed exclusive jurisdiction over designated contract markets.

CFTC and Gemini Ask Court to Vacate $5M Settlement

Desk with CFTC and Gemini documents, a gavel and scales in focus under newsroom lighting signaling a vacating $5M consent.

The U.S. Commodity Futures Trading Commission and Gemini Trust Company filed a joint motion in late May 2026 asking a federal court to vacate a January 2025 consent order. The order required Gemini to pay $5 million and accept a permanent injunction, but both sides now argue the underlying enforcement case was flawed.

Minnesota Prediction Market Ban Draws Swift CFTC Challenge

Editorial newsroom scene: Minnesota outline on a legal document with a foreground gavel and scales of justice.

Minnesota has moved prediction markets into the center of a high-stakes regulatory fight after Governor Tim Walz signed a law making the operation or promotion of such markets a felony in the state. The ban is scheduled to take effect on August 1, 2026, but its future is already in doubt after the Commodity Futures […]

Polymarket Seeks Full CFTC Clearance for Direct U.S. Access

Professional at desk reviewing a blockchain interface with a CFTC document and USDC symbols.

Polymarket is pursuing broader approval from the U.S. Commodity Futures Trading Commission to let American users trade directly on its primary on-chain prediction market. The effort would move the platform beyond its current intermediated U.S. structure and place its blockchain-native exchange model more directly under federal supervision.

House and Senate Democrats Press CFTC Chair Over Insider Trading, War Bets on Prediction Markets

Editorial shot of a congressional hearing: CFTC chair at the podium, lawmakers beside, documents on the desk.

Democratic lawmakers have intensified pressure on the Commodity Futures Trading Commission after sending letters to Chair Michael S. Selig demanding answers on insider trading, war-related contracts and offshore prediction-market activity. The intervention raises the political cost of the CFTC’s current posture just as federal courts and federal agencies have been strengthening the case for national […]

Third Circuit Bars New Jersey from Regulating Kalshi, Affirms CFTC Authority

Editorial courtroom scene with a judge at the bench, Kalshi and CFTC documents on the desk, blurred New Jersey map in the background

Kalshi scored a major legal win when the U.S. Court of Appeals for the Third Circuit ruled 2-1 that New Jersey cannot use state gambling law to block its sports prediction contracts. The decision gives Kalshi a stronger legal foundation to keep offering those contracts in the state while the broader fight over prediction markets […]