US CFTC sued Illinois, Arizona, and Connecticut over prediction market jurisdiction, claiming states violated federal exclusive regulatory authority by ordering platforms like Kalshi, Crypto.com, and Polymarket to cease operations.
Rep. Seth Moulton criticized Polymarket for allowing bets on the fate of a missing American F-15 pilot shot down over Iran. The prediction market has since deleted the controversial betting option.
Indian Gaming Association confronts prediction market platforms like Polymarket and Kalshi, accusing them of unlawful gambling. Four tribal nations sue platforms, defending their $40 billion gambling industry.
JPMorgan: Crypto Market Structure Act likely to pass mid-year
JPMorgan predicts the Crypto Market Structure Act will likely pass by mid-2026, potentially transforming the crypto market and attracting institutional investors.