US Regulator Takes New York to Court Over Prediction Market Dispute
In its latest move to assert nationwide authority over prediction market firms, the US Commodity Futures Trading Commission has filed a lawsuit against New York. This action follows the state's earlier lawsuits against Coinbase, Gemini, and Kalshi, alleging violations of state gambling laws. The CFTC claims that federal law grants it exclusive jurisdiction over commodity futures, options, and swa…
April 24, 2026, 10:09 p.m.