Prediction markets including Kalshi and Polymarket are facing mounting legal uncertainty as US federal and state regulators clash over whether the platforms should be treated as financial exchanges or gambling operations.
Polymarket filed to launch parlay-style prediction market contracts in the United States, expanding its push into sports-related event trading as regulators intensify scrutiny of the sector.
Liquidators handling the collapse of Mirror Trading International said they have received 9,441 claims worth nearly $395 million against an estate now valued at approximately $35.8 million.
Donald Trump is reportedly considering a large package of roughly 250 presidential pardons tied to America’s 250th Independence Day celebrations, according to reporting from the Wall Street Journal.
A Wisconsin federal judge ruled that the Ho-Chunk Nation is likely to succeed in its lawsuit accusing Kalshi of violating the Indian Gaming Regulatory Act by offering sports event contracts on tribal land.
Brian Armstrong is expected to appear before the US Senate to support proposed cryptocurrency market structure legislation aimed at creating a formal regulatory framework for digital assets.
Space and Time has launched a virtual vault system designed to support institutional onchain lending with real-time collateral verification.
New York Attorney General’s Office has secured more than $5 million in compensation from Uphold HQ Inc. for customers affected by the CredEarn crypto product.
A Seoul Administrative Court has temporarily blocked a six-month partial suspension of Bithumb, allowing the platform to continue onboarding new users while legal proceedings continue.
Sam Bankman-Fried was denied a new trial on April 28, 2026, as a federal judge rejected his attempt to reopen the criminal case tied to the collapse of FTX.
The Commodity Futures Trading Commission sued Wisconsin on April 28, challenging the state’s attempt to block prediction market platforms operating under federal oversight.
The Commodity Futures Trading Commission sued New York on April 24 to stop the state from enforcing gambling laws against federally registered prediction market exchanges.
