CFTC acting chair Caroline Pham said she will leave the US agency when the Senate confirms Brian Quintenz. Commissioner Kristin Johnson has indicated she plans to depart later this year, while two other commissioners are due to leave by month-end; the departures would leave one member on the five-person commission.
The departures would leave the CFTC with one commissioner as it faces scrutiny over sports prediction markets.
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The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. filed a lawsuit against Kalshi and three other defendants on 30 October in Muscogee (Creek) Nation District Court, seeking to stop PokkeTrades’ launch. The plaintiffs say Wilson Yargee lacked authority to sign the deal; Kalshi says the agreement is valid and that a tribal council approved it.
The Alabama-Quassarte Tribal Town and Samuel Marshall Jr. have sued Kalshi and other defendants, seeking an emergency order to stop the launch of the proposed PokkeTrades prediction market app. The plaintiffs allege that Wilson Yargee lacked authority to approve the partnership behind it.
Polymarket and Crypto.com-owned OG.com filed separate federal lawsuits against Arkansas officials, seeking to prevent enforcement of state gambling laws against their event-contract markets. Both companies cite the state’s recent case against Kalshi as evidence that they could face enforcement; the suits argue federal law pre-empts Arkansas law.
Prediction-market operators Polymarket and OG, which is owned by Crypto, have brought separate federal suits to stop Arkansas from applying state gambling laws to their markets. Their defendants include Attorney General Tim Griffin and members of the Arkansas Racing & Gaming Commission, according to the source.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from enforcing gambling laws against their sports event contracts. Both argue that federal commodities law gives the Commodity Futures Trading Commission exclusive jurisdiction; Missouri Attorney General Catherine Hanaway has separately filed counterclaims alleging Novig violated federal and state laws.
Robinhood and Polymarket filed separate federal lawsuits seeking to stop Missouri officials from applying gambling laws to their sports event contracts. Both companies argue that the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction over the products, rather than state gambling regulators.
Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.
A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.
The US CFTC gave markets under its supervision 30 days from its 5 November announcement to remove domestic geographic restrictions or explain why they cannot do so. The direction does not legalise all prediction contracts or override court orders; on 4 November, a federal judge ordered Kalshi to stop offering sports contracts in territories of the Indigenous communities that brought the case.
The US CFTC has given markets under its supervision 30 days to remove domestic geographic restrictions that conflict with impartial access rules or explain why they cannot do so. The decision was announced on 5 November.