US senators push to end CFTC ‘assault’ on state oversight of prediction markets

The surge in prediction markets and NFT platforms highlights the growing intersection of sports, finance, and digital assets, influencing fan engagement. The post Prediction markets and NFT platforms surge as Ismaila Sarr capitalizes on Iraq error at 2026 World Cup appeared first on Crypto Briefing.

Seventeen Democratic senators are urging the Senate Appropriations Subcommittee to include a rider in the FY2027 spending bill that would prohibit the CFTC from using any federal funds to sue states over prediction-market regulation, escalating a multi-front jurisdictional battle spanning nine

Senators are seeking answers from the CFTC about recent allegations of deceptive marketing from Polymarket.

Senators Adam Schiff and John Curtis sent a letter to CFTC Chair Michael Selig Thursday asking whether the agency is investigating Polymarket's paid influencer scheme, putting the regulator in a bind over a platform it licenses but whose staged trades ran on an offshore site beyond its direct reach.

The regulatory agencies are seeking public feedback on cross-margining, collateral and risk management as cryptocurrency derivatives and multi-asset trading continue to expand.

As prediction markets notch record trading volumes, Kalshi is ramping up its marketing push through a high-profile FIFA World Cup deal.

U.S. senators have urged the Commodity Futures Trading Commission to investigate Polymarket over allegations that the prediction market platform used deceptive advertising to reach American users despite restricting access in the country. According to a letter obtained by The Wall…

The Securities and Exchange Commission and Commodity Futures Trading Commission have launched a joint review of crypto derivatives regulations, opening a 60-day public comment period following the approval of U.S. crypto perpetual futures. According to a joint press release, the…