Federal regulator
Appears in 15 stories · Last updated Nov 11, 2026
Co-authored the digital commodity definition the rule relies on
Options on crypto exchange-traded products have meant Bitcoin, and since March, Ether. On November 10 the Securities and Exchange Commission (SEC) cleared Nasdaq ISE to list them on trusts holding any of 19 digital commodities, including Solana, XRP, Dogecoin and Chainlink, without the exchange returning to the agency for each new product.
Updated 12 hours ago
Sued Utah on Oct. 26; its request for an order blocking the state's cases is set for a Nov. 20 hearing before Judge Shelby
Utah's criminal case against Kalshi now has a courtroom date. A state court summoned chief executive Tarek Mansour and chief operating officer Luana Lopes Lara to answer 14 criminal counts in Salt Lake City on Dec. 4. The charges, filed Oct. 28, rest on 12 sports wagers a state investigator placed from a Utah address between Sept. 13 and Sept. 26.
Updated 3 days ago
Has not authorized PM Derivatives to operate as a broker; investigating Polymarket
Polymarket's brokerage unit, PM Derivatives LLC, is now a futures commission merchant: a firm licensed to take customer orders and hold customer money. The National Futures Association approved the registration on October 30, 2026, and Polymarket announced it on November 3.
Sued Utah on November 3, 2026, over state gambling enforcement against Kalshi
Kalshi raised $1 billion at a $40 billion valuation, up from $22 billion in May. Sequoia Capital and Wellington Management co-led the round. The company says the money will pay for single-stock perpetual futures, contracts tied to computing costs and index products built with S&P.
Updated 6 days ago
Reversed course from restricting prediction markets to suing states that oppose them; pursuing formal rulemaking after receiving more than 1,500 public comments by the April 30 deadline
Kalshi raised another $1 billion on October 30, at a $40 billion valuation, with Sequoia and Wellington leading the round. The deal came about five months after a $1 billion raise at $22 billion, and Kalshi says it will use the capital to expand beyond prediction markets into a multi-asset platform.
Updated Oct 31
Public comment open on proposed crypto market rules through December 14, 2026
The CFTC's proposed federal framework for crypto trading is in its public comment period. The advance notice, published in the Federal Register on October 13, sets no binding rules. Comments are due December 14, and the notice asks how to design a new category, 'crypto asset markets,' for exchanges that offer leveraged or margined trading to retail customers.
Updated Oct 26
Issued the final rule
Canadian and Mexican interest rate swaps cleared in the US now run on overnight benchmarks. The Commodity Futures Trading Commission's rule took effect October 8 and requires clearing for swaps tied to the Canadian Overnight Repo Rate Average (CORRA) and Mexico's overnight TIIE funding rate (F-TIIE).
Updated Oct 25
Referral for investigation was retracted by the chair's office
On March 23, about 15 minutes before President Trump posted that he was postponing strikes on Iranian power plants, traders placed billions of dollars in futures bets that oil would fall and stocks would rise. In a two-minute window, roughly $580 million in crude contracts changed hands — 8.5 times the volume traded in the same window the prior week.
Updated Oct 17
As of October 2026: Registers and supervises US derivatives exchanges, brokers, and clearinghouses
The Commodity Futures Trading Commission registered Coinbase Clearing LLC as a derivatives clearing organization on Sept 28. The registration completes Coinbase's regulated derivatives stack: it now operates the exchange, the broker, and the clearinghouse for US-regulated crypto futures.
Updated Oct 3
As of September 2026: Sued Utah on Oct. 27 over the state's enforcement against Kalshi; has sued 10 states since April
Utah has pushed its fight with Kalshi from civil court into criminal court. On Oct. 28 the state charged the prediction market and two of its executives with a felony over bets offered in Utah, after a federal judge refused to pause the state's ban while Kalshi appeals.
Updated Sep 29
As of September 2026: Plaintiff in enforcement action
The Commodity Futures Trading Commission filed suit September 24 accusing Cash FX Group S.A. of running a $950 million multilevel marketing Ponzi scheme. The Panama-incorporated company promised more than 400,000 account holders up to 15% weekly returns from forex trading run by professionals using proprietary algorithms and artificial intelligence.
Updated Sep 27
As of September 2026: Defends exclusive jurisdiction over prediction markets
A water tower along I-94 in Detroit now carries the dark blue logo of Polymarket, the prediction market platform. The city says the ad has no permit and plans to investigate.
Updated Sep 18
As of September 2026: Approved the whistleblower rule changes
A whistleblower who alerts the Commodity Futures Trading Commission (CFTC) to derivatives fraud has, on average, waited more than two and a half years for an award. A rule approved in September 2026 ends that wait for most claimants: anyone owed $5 million or less now presumptively receives the statutory maximum of 30 percent of collected sanctions.
Updated Sep 16
As of September 2026: Oversees event contract swaps on designated contract markets
In January 2026, CME began listing event contract swaps on sports and cultural awards. On September 11, after seven filings that added football, basketball, tennis, elections and the Oscars, the exchange stopped adding new expiries.
Updated Sep 12
As of May 2026: Drafting new prediction market rules
Prediction markets have existed in legal limbo since 2003, when U.S. senators killed a Pentagon program that would have let people bet on terrorist attacks. An Israeli reservist and civilian face prosecution for using classified military intelligence to profit $150,000 on Polymarket, placing suspiciously accurate bets on the June 2025 Israel-Iran war — a first.
Updated May 29
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