The CFTC sues the state of Rhode Island to maintain exclusive jurisdiction over prediction markets
By: www.chaincatcher.com|2026/05/29 01:42:44
0
Share
Prefer us on Google
The U.S. Commodity Futures Trading Commission (CFTC) has disclosed that it has filed a lawsuit in the U.S. District Court for Rhode Island to prevent the state from applying its gambling laws to contract markets registered with the CFTC. CFTC Chairman Michael S. Selig stated that exchanges registered with the CFTC are facing numerous lawsuits aimed at restricting Americans' participation in event contracts, which undermines the CFTC's exclusive jurisdiction over prediction markets.
Selig emphasized that event contracts are commodity derivatives and fall entirely within the CFTC's regulatory scope. The CFTC is also facing similar jurisdictional challenges in states such as Arizona, Connecticut, Illinois, New York, and Minnesota. The CFTC stated that the Commodity Exchange Act grants it exclusive jurisdiction over event contracts.
-- Price
--
--
--
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like
25 States Sue Against U.S. Government Tariff Measures
Former Celsius CEO Permanently Banned by U.S. CFTC from Engaging in Commodity Trading Activities
The U.S. Commodity Futures Trading Commission (CFTC) has completed its handling of the case against former Celsius CEO Alexander Mashinsky. According to the final ruling, Mashinsky is permanently banned from registering for any business related to the U.S. Commodity Futures Trading Commission and is...
Argentina's anti-gambling bill for the first time includes cryptocurrency exchanges under regulation, with violations punishable by 2 to 4 years in prison
According to CriptoNoticias, the Argentine government submitted a bill to Congress through the Ministry of Health aimed at preventing gambling addiction and regulating online gambling, which for the first time explicitly includes virtual asset service providers within the regulatory scope. The bill ...
SEC Commissioner Peirce calls for attention to privacy-enhancing technologies and advocates for limiting government financial surveillance of ordinary citizens
According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the f...
Hong Kong Monetary Authority: Three new regulatory measures for investment accounts of mainland investors, with account opening verification retroactive to January 2023
According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recogniz...
DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.
The Hong Kong Financial Services and the Treasury Bureau and the Securities and Futures Commission released a summary of the consultation on the regulatory framework for virtual assets
According to Jinshi News, the Hong Kong Financial Services and the Treasury Bureau and the Hong Kong Securities and Futures Commission have released a consultation summary regarding the regulatory framework for virtual asset provision and management services. The proposed licensing system for virtua...
The richest chairman of the Federal Reserve in 112 years has arrived: Kevin Warsh is rewriting the rules
The "richest" new chairman of the Federal Reserve, Kevin Warsh, has officially taken office. His alternative proposal of "balance sheet reduction + interest rate cuts" aims not only to reshape the decision-making mechanism but also to profoundly disrupt the U.S. Treasury, the dollar, and the global ...
Vitalik talks about the future of the Ethereum Foundation: a smaller, more distinctive, yet more enduring ship
Vitalik elaborated on his personal views regarding the transformation direction of the Ethereum Foundation: EF is not "the center of Ethereum," but one of many nodes. With limited resources, EF chooses long-termism over spreading itself thin, focusing on key tasks that "would not happen without EF"—...
Chain shutdown strips BounceBit token utility after authorization flaw exposes 286M tokens
BounceBit token utility remains unresolved after the chain shutdown, even as the company prepares a 1:1 BB reissue on BNB Chain.
Wholesale Dollar Surpasses $1,500 Mark, Doubts Grow Over Interest Rates
The cost of maintaining the exchange rate is starting to be felt in interest rates, while the BCRA has slowed down its reserve purchases.
Solana Prepares to Expand v1 Transaction Limit to 4096 Bytes
Solana (SOL) is preparing a v1 transaction format upgrade that will increase the maximum size of a single transaction from 1,232 bytes to 4,096 bytes. This change allows for significantly larger transactions to be processed at once.
US Allows Private Companies to Participate in Offensive Cyber Operations Against Foreign Hackers
The Trump administration has approved a memorandum that opens up the possibility for federal law enforcement agencies in the United States to engage verified private companies in operations against foreign cybercriminal groups. This is not just about data sharing, but about preparing actions against...
Cryptocurrency for Advisors: Why Clients Have Already Outpaced Their Financial Advisors
The topic of "cryptocurrency for advisors" is becoming increasingly pressing: clients have been holding digital assets for years, incorporating them into inheritance plans, and expecting advisors to provide not just general discussions but real assistance with storage, taxes, reporting, and transfer...
Four years ago, a cryptocurrency mogul disappeared; now his successor has vanished
New Meme Coin Launch 2026: MemeToro Brings AI-Powered Discovery to the BNB Chain
Stablecoin payments are fast, but local-currency settlement remains a bottleneck: Gravity Team CEO
Amazon Device Price Increase: Echo Dot Costs 60% More
A Study Reveals the Weight of Convictions Among Crypto Investors
Crypto Attacks in France: Suspect M1llionz Shows Off on TikTok
How Cryptocurrency Transfers Abroad Will Be Organized Starting September 1
Starting September 1, cryptocurrency transfers abroad will be available to individuals, sole proprietors, and companies engaged in foreign economic transactions, announced Alexey Korolenko, CEO of the crypto broker Cifra Markets. However, within Russia, cryptocurrency settlements will still remain p...
Will Crypto-Trump Cause a Pump?
Crypto-Trump has once again become one of the main topics in the cryptocurrency segment of social media: users are discussing the theory that Donald Trump's administration may support the market with a series of positive announcements ahead of the November elections for the U.S. Congress, as it did ...
Hyperliquid Policy Center pushes SEC, CFTC for equity perps framework
6GW Nuclear Power Supply Agreement: Non-Binding Framework with Nano Nuclear and Tillman
Nano Nuclear Energy (NANO Nuclear Energy·$NNE) has entered into a non-binding commercial framework with Tillman affiliates to explore a power supply plan for micro-reactors exceeding 6GW in the U.S. AI industrial zone.
Taxes: Who Gained and Who Lost from the Changes Implemented by Javier Milei
The government "returned to the private sector" the equivalent of 3 points of GDP, as stated by the President. However, some sectors received more while others lost.
Bitcoin Breaks Free, Altcoins Take the Stage – Steady Lads
Bitcoin, Ethereum, and the entire crypto market have surged in recent days. Cara from Steady Lads analyzes all of this.
Is Zhao Changpeng Still at the Poker Table After the Peace Hotel?
Ika-Based Wallet Expands for AI Agents
human.tech has expanded the Ika network-based wallet protocol into a distributed signature infrastructure for AI agents and decentralized applications. The wallet is designed to combine distributed signatures and authority control.
Artificial Intelligence: The AI Bubble Won't Burst, It Will Just Deflate
The AI bubble is not expected to burst suddenly according to several economists; it will slowly deflate and sort the winners from the losers.
FBI Agent and $1 Million Cryptocurrency Theft: What We Know About the Case
The case, centered around the theft of approximately $1 million in cryptocurrency, has led to the arrest of senior FBI special agent Patrick Stephen Yarmoh. According to investigators, the employee, who had access to information classified as "Top Secret," transferred digital assets from the wallets...
25 States Sue Against U.S. Government Tariff Measures
Former Celsius CEO Permanently Banned by U.S. CFTC from Engaging in Commodity Trading Activities
The U.S. Commodity Futures Trading Commission (CFTC) has completed its handling of the case against former Celsius CEO Alexander Mashinsky. According to the final ruling, Mashinsky is permanently banned from registering for any business related to the U.S. Commodity Futures Trading Commission and is...
Argentina's anti-gambling bill for the first time includes cryptocurrency exchanges under regulation, with violations punishable by 2 to 4 years in prison
According to CriptoNoticias, the Argentine government submitted a bill to Congress through the Ministry of Health aimed at preventing gambling addiction and regulating online gambling, which for the first time explicitly includes virtual asset service providers within the regulatory scope. The bill ...
SEC Commissioner Peirce calls for attention to privacy-enhancing technologies and advocates for limiting government financial surveillance of ordinary citizens
According to the official website of the U.S. Securities and Exchange Commission (SEC), SEC Commissioner Hester M. Peirce delivered a speech at the "Regulating the PETshop Series" seminar at Georgetown University Law Center, calling for the inclusion of Privacy-Enhancing Technologies (PETs) in the f...
Hong Kong Monetary Authority: Three new regulatory measures for investment accounts of mainland investors, with account opening verification retroactive to January 2023
According to a report by the Financial Associated Press, in response to the issue of "some banks in the Hong Kong region requiring a declaration to open investment accounts," the Hong Kong Monetary Authority (HKMA) responded today that the relevant regulatory requirements were issued to all recogniz...
DeFi has reached its most dangerous moment: the real vulnerabilities are not in the code
April 2026 is not just a security crisis; it is the moment when the industry's mental model completely collapses, and it is also the moment when the protocols that can survive are distinguished from those that cannot.
...
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Program:support@weex.com
