The CFTC sues the state of Rhode Island to maintain exclusive jurisdiction over prediction markets
By: www.chaincatcher.com|05/29/2026 01:42:57
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"—...
![[Digital Bill of Rights③] Money Written by AI, "Make it Usable in Real Life"](/public-static/052_26710392f0.png?format=avif)
[Digital Bill of Rights③] Money Written by AI, "Make it Usable in Real Life"
![[Digital Bill of Rights②] The Success of Digital Dollar Comes from Competition](/public-static/078_4d1ce66fab.png?format=avif)
[Digital Bill of Rights②] The Success of Digital Dollar Comes from Competition
The NFT party is over and everybody now owes storage rent
NFT marketplace closures expose who keeps digital art alive, from collectors paying hosting bills to conservators preserving software.
Costa Rica warns about crypto assets in political financing and strengthens its controls
Saylor: The era of intelligence and digital assets needs a bill of rights
Washington has $114 billion reasons to want Tether around
Tether went from fighting US regulators over its reserves to becoming a major Treasury buyer with growing geopolitical value.
How Crypto Stopped Waiting for Congress and Learned to Love the Regulators
Balancer fork’s 6 million BAL ask could cut holders’ redemption value
A Balancer fork seeks up to 6 million BAL. If granted tokens become eligible before the wind-down snapshot, existing holders’ redemption share could shrink.
FinCEN Expands AI Fraud Loophole in the USA by Eliminating Controls
Strategy Plans to Distribute Bitcoin Treasury Dividends Daily
Sharplink CEO: The Future of the Smart Economy
Even if the world is full of agents, it means nothing as long as a few companies can still decide where your money can flow.
Fed stablecoin proposal would make circulation a capital cost for supervised issuers
Fed stablecoin proposal: A covered issuer with $1 billion outstanding would start with a $20 million capital charge before adjustments.
Shielded Bitcoin: the proposal that aims to bring privacy without changing BTC's code
End of Bets in Brazil: What Changes and What Are the Next Steps
Galaxy Research: CFTC's 'Mention Markets' Guidance Highlights Structural Manipulation Risks in Individual Speech Predictions
What is CBDC? Governments Push for Development of Central Bank Digital Currencies
Why cash hoarding in the UK proves the world still craves permissionless money
Cash made up just 8% of UK payments in 2025, yet demand for banknotes shows why people still value an offline financial backup.
OG.com Submits Application for US Stock Perpetual Contracts to CFTC Following Coinbase, Kalshi, and Kraken's Parent Company Payward
Crypto: $2.1 trillion evaporated, on-chain economy only loses 1.6%
Despite $2.1 trillion in evaporated capitalization over a year, the crypto economy only declines by 1.6% according to Chainalysis.
Trump Rejects Iran Ceasefire, Expects Bombing After Midterms: Will Oil and Bitcoin Hold?
Solana’s Alpenglow upgrade reaches devnet with 150ms finality target
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
