Optional onchain allowlists would leave existing markets unchanged; the proposed US contracts still need regulatory approval.

The state seeks injunctions, restitution and profits, alleging that market makers helped sustain wagering despite Kalshi’s federal court defeat.

The dollar-settled contracts have no expiry, a 100-SEI minimum order and funding calculated every eight hours.

Gemini has already paid the $5 million penalty. A permanent injunction and restrictions on publicly denying the case's findings remain in place.

The Foundation would gain authority to pursue approvals and establish or acquire entities, but the proposal sets no spending amount or launch date.

The New York settlement ties the money to federal forfeiture and prison-sentence conditions, adding to existing FTC and CFTC restrictions.

Exchanges must give position holders five calendar days' notice and a chance to exit, while leaving other material contract terms unchanged.

The Commodity Futures Trading Commission published an Advanced Notice of Proposed Rulemaking covering retail crypto trading on margin, leverage or financing, and a new exchange registration category built for it. Chairman Michael Selig called it a federal option rather than a mandate. The notice would also codify delivery to a user's own non-custodial wallet within 28 days as an exception to on-exchange trading

The judge found state licensing rules likely conflict with federal derivatives law, but left transaction fees unresolved and ordered the parties to propose injunction terms.

The reward pools exclude members with market-maker agreements; Kalshi cited separate liquidity payments to explain clustered ether perpetual trades.