Crypto Law And Legal

The US Commodity Futures Trading Commission (CFTC) has sued Utah to block state enforcement actions against federally registered prediction market exchanges.

Phantom is rolling out Kalshi event contracts to US users through its app, according to an exclusive report by The Block.

US Defense Secretary Pete Hegseth has barred military personnel from using nonpublic information to bet on prediction markets.

Coinbase Ireland Limited, part of Coinbase Global Inc (NASDAQ:COIN), was fined €3.25 million for breaching customer-fund safeguarding and outsourcing rules between November 2020 and August 2025.

Utah Attorney General Derek Brown has sued Kalshi and Susquehanna entities, alleging their prediction markets violate state gambling laws.

The Blockchain Association has urged the US Treasury to narrow proposed stablecoin rules under Section 3 of the GENIUS Act.

Missouri Attorney General Catherine Hanaway has issued cease-and-desist letters to six prediction-market operators over sports event contracts.

Taiwan has blocked domestic access to Coinbase Global Inc (NASDAQ:COIN) and Kalshi Inc over suspected election betting, according to Bloomberg News.

US District Judge Alvin Hellerstein rejected the request, ruling that neither argument justified reopening the case.

The Office of the Comptroller of the Currency (OCC) found all nine major banks reviewed had policies linked to debanking customers over beliefs or lawful activities.

The ruling follows claims from investors who have lost money in fraudulent schemes operated in China between 2014 and 2017.

The National Football League (NFL) has asked the US Supreme Court to review Kalshi’s sports-event contracts, arguing they should face state gambling rules rather than federal derivatives oversight.