3 / 13 Relevant items tagged with #Cftc

Posts

US appeals court greenlights election prediction markets

[Oct 2, 2024 7:16 PM] The ruling paves the way for election prediction markets to operate in the United States.

U.S. Election Betting: Court Clears Kalshi Congressional Contracts

[Oct 2, 2024 2:52 PM] The CFTC "has failed to demonstrate that it or the public will suffer irreparable injury absent a stay pending appeal," an appeals court said, clearing the prediction market to resume listing the contracts.

CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans

[Sep 29, 2024 11:30 AM] The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds…

Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’

[Sep 25, 2024 11:30 PM] Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns…

Mango Markets Mulls CFTC Settlement Over Crypto Trading Violations

[Sep 23, 2024 8:55 PM] Decentralized crypto exchange Mango Markets has already weathered a debilitating multimillion-dollar hack and the expensive regulatory investigations it spawned. The group may soon take another blow: a six-figure settlement with the Commodity…

CFTC eyeing Polymarket, betting platforms amid US elections: Law Decoded

[Sep 23, 2024 7:05 PM] Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns.

Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud

[Sep 21, 2024 3:30 AM] William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like…

Judges quiz CFTC, Kalshi over US election markets offering

[Sep 20, 2024 6:33 AM] US appeals court judges peppered the CFTC and betting platform Kalshi’s lawyers with questions as the regulator bids to overturn a lower court’s decision allowing election markets.

Wintermute launches OutcomeMarket, US election prediction tokens

[Sep 17, 2024 8:43 PM] The new market will feature Chaos Labs’ Edge Proofs Oracle support, but probably won’t be accessible in the United States.

U.S. CFTC Chair Behnam Says Regulator Will Keep Pursuing Kalshi Case

[Sep 17, 2024 3:39 PM] After the U.S. Commodity Futures Trading Commission's court defeat last week in the agency's pursuit of Kalshi's election contracts, the regulator's chairman, Rostin Behnam, said it will still keep pursuing the case against what it continues to…

New Bill Seeks Collaboration Between SEC and CFTC on Digital Assets

[Sep 15, 2024 6:30 PM] A U.S. congressman has introduced the Bridging Regulation and Innovation for Digital Global and Electronic Digital Assets Act (BRIDGE Act), aimed at improving collaboration between the Securities and Exchange Commission (SEC) and the Commodity…

'An Explosion of Election Gambling' Is Nigh, CFTC Warns Appeals Court

[Sep 15, 2024 2:10 AM] The regulator pleaded with the court to halt Kalshi's political prediction markets for the duration of the CFTC's appeal.

CFTC Teams up With SEC to Fight Cryptocurrency Scams

[Sep 14, 2024 1:30 AM] The Commodity Futures Trading Commission (CFTC) has partnered with several organizations, including the Securities and Exchange Commission (SEC), to educate the public about cryptocurrency scams, especially those involving fake romantic…

Even Temporarily Blocking Election Contracts Risks 'Irreparable' Harm, Kalshi Argues

[Sep 13, 2024 11:10 PM] Prediction market company Kalshi pushed back against the Commodity Futures Trading Commission's move to block its new election contracts, saying they would harm the company.

SEC ‘regrets any confusion’ from dubbing tokens as securities: filing

[Sep 13, 2024 5:50 PM] The retraction arose from the SEC’s lawsuit against Binance, but the agency is still pursuing claims against the crypto exchange for alleged securities law violations.

Kalshi's New Political Prediction Markets Halted as CFTC Appeals Loss

[Sep 13, 2024 4:14 AM] The U.S. Commodity Futures Trading Commission appealed its loss against prediction markets platform Kalshi to the D.C. Appeals Court late Thursday.

Bill seeks to create SEC-CFTC joint committee on digital assets

[Sep 12, 2024 8:50 PM] Congressman John Rose would make the agencies work together and listen to user and industry representatives.

Kalshi Lists Long-Sought Election Contracts After Beating CFTC in Court

[Sep 12, 2024 4:12 PM] The agency plans to appeal the case brought by the trading platform, and could still ask the higher court to stop the firm from listing the contracts.

Judge says CFTC exceeded its authority halting Kalshi election bets

[Sep 12, 2024 2:43 PM] According to Judge Jia Cobb, having Kalshi offer contracts on “whether a chamber of Congress will be controlled by a specific party in a given term” was not unlawful.

U.S. Election Betting: What's at Stake in Final (?) CFTC-Kalshi Showdown

[Sep 12, 2024 12:00 PM] Here's how to listen to Thursday's hearing in the closely watched federal court case over political prediction markets, and why it matters.

CFTC Loses Round One: Kalshi Cleared to Offer US Election Bets

[Sep 8, 2024 2:30 PM] A federal judge this week sided with the prediction market Kalshi’s motion for summary judgment in its legal battle with the U.S. Commodity Futures Trading Commission (CFTC). This decision opens the door for U.S. citizens to place bets on the…

CFTC Pleads With Judge to Block Kalshi Election Contracts for 14 Days

[Sep 7, 2024 4:38 AM] The agency says it can't make "an informed decision" about whether to appeal the judge's decision in Kalshi's favor until it knows her rationale.

Uniswap settles CFTC charges, Polygon’s new ‘hyperproductive’ POL token: Finance Redefined

[Sep 6, 2024 7:01 PM] The CFTC’s director warned that other DeFi ecosystems may also be fined for offering illegal trading services, while Polygon’s native token executed a key technical upgrade.

US Court Imposes $209 Million Penalty in Crypto Ponzi Scheme

[Sep 5, 2024 11:20 AM] The U.S. District Court for the Northern District of Illinois has ordered an Oregon resident and his entities to pay over $209 million in penalties for running Ponzi schemes disguised as crypto and carbon investment programs. This includes…

CFTC charges Uniswap with illegal derivatives trading

[Sep 4, 2024 5:13 PM] One CFTC commissioner dissented, calling the action “regulation by enforcement.”

CFTC Fines Uniswap Labs $175,000 for Violating Commodity Exchange Act

[Sep 4, 2024 4:20 PM] The Commodity Futures Trading Commission (CFTC) has fined Universal Navigation Inc., operating as Uniswap Labs, $175,000 for illegal trading practices. The decentralized finance (defi) protocol operator was found in violation of the Commodity…

Uniswap Labs Settles CFTC Charges Over 'Illegal' Margin Products

[Sep 4, 2024 3:56 PM] Uniswap Labs will pay $175,000 to settle charges it offered illegal leveraged and margined commodities transactions, a CFTC press release said.

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules

[Aug 12, 2024 4:30 AM] Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.

Crypto.com Opposes Proposed US Ban on Prediction Markets and Event Contracts

[Aug 11, 2024 5:45 PM] Crypto.com Senior Vice President Steve Humenik has joined Coinbase by voicing opposition to a proposed rule change by the Commodity Futures Trading Commission (CFTC) that could lead to the prohibition of prediction markets in the United States. In…

Coinbase Challenges CFTC Proposal, Advocates for Balanced Regulation of Event Contracts

[Aug 9, 2024 7:20 PM] Coinbase Chief Legal Officer Paul Grewal has raised concerns on social media regarding the Commodity Futures Trading Commission’s (CFTC) proposed rule to ban certain event contracts. Coinbase has also formally responded to the proposal…