News categoryRegulation & Policy
Regulation & Policy stories
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- Addabbo Advances New York Prediction Market Bill: ‘The Harder Thing to Do Is Regulate’
New York Sen. Joseph Addabbo told DeFi Rate he will bring his prediction market bill to committee, saying he wants to regulate the markets rather than ban them.
- Prediction Markets in Tail End of ‘Wild West Stage’ Says Veteran Gaming Lawyer
Veteran gaming lawyer Stephen Piepgrass says prediction markets are nearing the end of their “Wild West” era under a “nimble” CFTC with a “perfect storm” for a Supreme Court battle brewing.
- Minnesota Quietly Advances Sweeping Prediction Market Ban In Must-Pass Public Safety Bill
Minnesota negotiators inserted the state's proposed prediction market ban, with felony penalties, into a must-pass omnibus public safety bill.
- Clarity Act Markup Nears as Crypto Industry Eyes ‘Permission to Grow’ in US
The Clarity Act is regaining momentum with a July 4 target, though a stablecoin yield compromise still faces pushback from banking groups worried about deposits.
- Will Congress Ban Its Members from Trading Stocks? Prediction Markets Are Skeptical
The Senate banned its members from prediction market trading within a week, but Kalshi and Polymarket traders doubt Congress will pass a stock trading ban this year.
- Minnesota Senate Passes Prediction Market Ban, Setting Up Federal Court Fight
Minnesota's Senate passed a ban on offering and advertising prediction markets by a veto-proof margin, but the House has little time left and lawsuits would follow.
- Senate Bans Lawmakers from Prediction Markets in Win for Industry
The Senate unanimously barred senators, officers and staff from trading on prediction markets, a rule change that Kalshi and Polymarket both support.
- Polymarket Eyes US Return as CFTC Weighs Regulatory Fit of Offshore Platform
Bloomberg reports Polymarket is talking with the CFTC about reopening its main offshore exchange to US users, though some of its contract types may face limits.
- Ohio Bill Would Classify Prediction Markets as Sports Betting, Add 20% Tax
Ohio Sen. Bill DeMora proposed treating sports event contracts as sports wagers, requiring exchanges to get state licenses and taxing their sports contract revenue.
- US Army Soldier Arrested for Insider Trading on Maduro Raid He Helped Plan
The Justice Department charged an Army Special Forces master sergeant with using classified information on the Maduro operation to place winning Polymarket trades.
- New York AG Targets Lawsuits Against Coinbase and Gemini Prediction Markets
New York Attorney General Letitia James sued Coinbase and Gemini, alleging their prediction market products are illegal gambling and seeking large penalties.
- Congress Presses CFTC Chair on Sports Contracts, Insider Risk and Sole Commissioner
House Agriculture Committee members questioned CFTC Chair Mike Selig on sports contracts, insider trading and the agency operating with a single commissioner.
- Kentucky Override Forces DraftKings, FanDuel to Choose: Prediction Markets or Sportsbooks
Kentucky’s legislature has overridden the governor’s veto of a bill that would force gambling licensees to choose between offering prediction markets and traditional gaming in the state.
- Minnesota Senate Advances Prediction Market Ban, Challenges Derivatives Classification
A Minnesota Senate committee unanimously advanced a bill making it a felony to operate prediction markets, rejecting the argument that event contracts are futures.
- Beshear Veto Blocks Prediction Market Crackdown in Kentucky But Override Threat Looms
Kentucky Gov. Andy Beshear vetoed a bill that could have sanctioned gambling licensees offering prediction markets, though lawmakers may still override him.
- Clarity Act Advances as Experts Warn of ‘Fragility at the Edges’
As Clarity Act talks advance, experts say the stablecoin yield debate misses stress on smaller banks and a larger fight over who controls the interface for money.
- Clarity Act Odds Jump 15% as White House Backs Crypto in Yield Debate
Odds of Clarity Act legislation passing this year jumped around 15% following a new White House report that puts a major dent in banks’ arguments against allowing stablecoin yield.
- Lawmakers Urge CFTC Crackdown on Offshore Prediction Markets
In letter to CFTC, Democratic members of Congress cite CEA authority to target offshore platforms like Polymarket, as enforcement precedent and U.S. access shape the case for action.
- Clarity Act Enters Final Window as Power Struggles Meet Political Clock
Predicted dates for the Clarity Act keep passing as disputes over regulatory authority, stablecoin yield and midterm timing slow the crypto market structure bill.
- Kentucky Leads New State Push to Tax Prediction Markets, Testing Limits of State Authority
Kentucky became the first state to tax prediction market platforms' in-state revenue, with Iowa and Illinois proposing similar taxes that may face legal challenges.