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. The state had previously taken action against Coinbase, Gemini, and Kalshi, alleging that their prediction market contracts breached state gambling laws. The CFTC, however, maintains that federal law gives it exclusive jurisdict…
April 24, 2026, 10:09 p.m.