Latest updates, press releases, and insights from the volatile world of digital assets.
Federal regulator files lawsuit against Utah and its attorney general, marking the tenth state challenge over authority to oversee event contracts and prediction platforms
Hyperliquid Policy Center urges the Securities and Exchange Commission to refine its proposed Regulation Crypto Assets, focusing on clearer rules for airdrops, secondary trading, developer protections, token buybacks and federal preemption ahead of the public comment deadline
Two prediction market operators challenge the state’s authority to enforce sports-wagering rules on federally regulated event contracts after a 30-day compliance deadline
A bipartisan coalition of 18 state attorneys general, led by New York’s Letitia James, warns that the legislation could limit local powers to combat digital asset scams ahead of a key procedural vote
The state seeks to halt the prediction market platform’s sports offerings, arguing they constitute unlicensed wagering under local law rather than federally regulated derivatives
Sports-focused prediction market operator seeks federal court order blocking state gambling enforcement, citing CFTC jurisdiction after launching in the state
A U.S. district judge granted a preliminary injunction preventing enforcement of the state law against CFTC-registered platforms, preserving operations for Kalshi and Polymarket while litigation continues
A federal judge rejected Kalshi's request for a preliminary injunction, allowing New York regulators to enforce state gambling laws against the platform's sports event contracts. Kalshi has filed an appeal
The Commodity Futures Trading Commission has filed suit against Kentucky, marking the ninth state targeted in a nationwide dispute over federal versus state authority on event contracts
