The Commodity Futures Trading Commission (CFTC) has issued an emergency order requiring prediction market Kalshi to continue operations despite a lawsuit from New York accusing it of illegal gambling. This federal intervention escalates a jurisdictional battle over whether prediction markets are regulated as derivatives under federal law or as gambling under state law. New York seeks to halt Kalshi's event contracts and impose heavy fines, while the CFTC argues that Kalshi operates as a national derivatives exchange. The dispute highlights growing tensions between federal regulators and states, with courts now facing a key decision on regulatory authority over these markets.
Coinbase shares have fallen sharply in 2026, reaching near a 52-week low after missing earnings and a crypto market downturn. Despite a 34% drop year-to-date and a 53.8% decline over the past year, Coinbase posted positive adjusted EBITDA and gained ...
The New York City Council is investigating prediction market platforms Polymarket, Kalshi, Coinbase, and Gemini Titan for allegedly deceptive marketing practices and targeting minors. This follows a lawsuit by the New York Attorney General against Ka...
The New York City Council is investigating the marketing practices of prediction market platforms Kalshi, Polymarket, Coinbase, and Gemini Titan, focusing on allegations of misleading and predatory advertising. This probe follows reports that Polymar...
Shares of Circle Internet Group rose about 5% after reporting Q2 revenue of $701 million, a 6.6% increase year over year, and a net income swing to $48 million from a loss last year. The company raised its FY26 revenue guidance and highlighted the up...
Prediction market platform Polymarket has made several high-profile hires and restructured its marketing team amid a Commodity Futures Trading Commission (CFTC) investigation into misleading marketing practices. The company appointed Travis VanderZan...
