US Regulator Takes New York to Court Over Prediction Market Dispute
In its latest move to assert nationwide regulatory control, the US Commodity Futures Trading Commission has filed a lawsuit against New York. This action aims to protect the agency's authority over prediction market firms, which it believes is exclusive and federally mandated. The lawsuit follows New York's recent actions against Coinbase, Gemini, and Kalshi, in which the state alleged that their…
April 24, 2026, 10:09 p.m.