The CFTC is weighing how commodities law applies when platforms offer retail crypto customers financing—not proposing new rules for every exchange. Its early consultation also examines whether customers truly control the crypto they buy.
Read Full Article
A reported CFTC-DOJ lawsuit against Utah could widen the fight over Kalshi’s prediction markets, but no filing has been verified. Meanwhile, Utah and Kalshi are battling over whether federal commodities law limits the state’s gambling rules.
Read Full Article
The CFTC is reportedly examining whether Polymarket followed its 2022 settlement, including restrictions on U.S. access to its offshore platform. No breach has been announced, and the company’s regulated U.S. exchange is a separate service.
Read Full Article
The CFTC is exploring a voluntary federal registration path for crypto exchanges offering leveraged or financed retail trades. The proposal is still under review, and key questions remain about which transactions qualify, customer control, and how federal rules interact with state oversight. Comments are due Dec. 14, 2026.
Read Full Article
Phantom is bringing Kalshi prediction markets to eligible U.S. users, with listed fees of two cents per contract plus a variable network charge. Trading still requires Kalshi verification, and users should understand how funds, liquidity and state-level legal uncertainty affect access.
Read Full ArticleA reported call by the CFTC chair for uniform crypto rules remains unverified: no speaker, quote, proposal or state laws have been identified. The distinction matters—coordination is not the same as federal preemption, and the CFTC does not regulate every crypto business or spot market.
Read Full ArticleUtah is suing Kalshi, alleging its event contracts violated state gambling laws and citing more than $3 billion in wager volume and up to $61.2 million in estimated fees. Kalshi says federal derivatives rules apply; the court has yet to decide the dispute.
Read Full Article
A claim that a CFTC chair has outlined a route to leveraged crypto spot trading lacks a named source, proposal or timeline. Here’s what the headline does—and doesn’t—confirm, and why it’s no green light for U.S. exchanges or traders.
Read Full Article
The CFTC says its Gemini case should never have been filed and has joined the company’s bid to revisit a 2025 consent order. But the court’s decision remains unclear, and the agency’s reversal is not a judicial finding that the original allegations were false.
Read Full Article
A reported CFTC proposal could make financing, customer status and control of the full asset key to whether some crypto trades fall under federal rules. But the initiative remains unverified, and no new registration process or deadline is settled.
Read Full Article