US Regulator Takes New York to Court Over Prediction Markets Dispute
In its latest move to assert nationwide regulatory control over prediction market firms, the US Commodity Futures Trading Commission has filed a lawsuit against New York. This action follows the state's earlier lawsuit against Coinbase and Gemini, alleging their prediction market contracts breached state gambling laws, as well as a similar case against Kalshi last year. The CFTC argues that, as t…
April 24, 2026, 10:09 p.m.