The judge found at the preliminary-injunction stage that Novig's sports contracts are not swaps and sharply criticized the CFTC's efforts to shield prediction markets.

The proposed amicus brief supports joint SEC-CFTC oversight as a November 10 reply deadline approaches in the bid to halt single-stock perpetuals.

The activity matters: securities offerings and trading, commodity derivatives and spot-market fraud fall under different powers. A proposal is not the same as an exemption or a law.

The March 26 proposal also targets US government-action contracts, with a commercial-hedging exception defined by the CFTC. It remains in committee.

Kraken responded with ‘coming soon 👀’ as Selig outlined access through futures exchanges also registered with the SEC.

The complaint targets Coinbase, Kalshi and Bitnomial and seeks emergency relief to prevent their contracts from being listed as security futures.

A federal lawsuit seeks to block Utah enforcement, but the state has already won an initial ruling against the prediction market exchange.

The charging information lists 13 felony counts and one misdemeanor as the CFTC seeks to block Utah’s enforcement of gambling laws against federally regulated markets.

The federal complaint targets Utah's case against Kalshi and Susquehanna, seeking to bar investigations as well as enforcement against federally regulated markets.

At least two investigations were referred to the CFTC, NPR reported, as the platform's House-control market approached $24 million in cumulative trading volume.