CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority
The CFTC sued Wisconsin over prediction market regulation, escalating its legal campaign against states claiming gambling jurisdiction. Wisconsin had days earlier sued Kalshi, Polymarket, and Coinbase. CFTC Chair Mike Selig asserts exclusive federal authority over event contracts as derivatives, not state gambling. Multiple states including New York and Arizona are challenging this stance, creating regulatory uncertainty for platforms operating in U.S. markets.
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World Cup fever: Chiliz expands to Solana and Base to supercharge fan token trading
Chiliz expands its 70+ fan tokens to Solana and Base blockchains, ditching its proprietary layer-1 for omnichain distribution. Using unified token standards eliminates liquidity fragmentation across chains. The move targets trading volume growth ahead of FIFA World Cup 2026, with Argentina and Portugal national team tokens already live. Coinbase's Base network integration broadens accessibility for sports fans globally.
Polymarket reportedly seeking CFTC approval to reopen main exchange to U.S. traders
If approved, the move would help Polymarket compete with Kalshi in the U.S., and bring more event-trading activity under CFTC regulatory oversight....
Paul Tudor Jones calls bitcoin the 'best inflation hedge,' warns of overvalued stocks
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