CFTC Chair Michael Selig signaled that the agency would defer to the football league in calling for changes to event contracts that could be manipulated by a single person.
Turner Wright
Turner Wright is a staff writer at Cointelegraph and a senior policy reporter. He focuses on U.S. laws and regulations related to digital assets, covering policy and regulatory developments through news and feature articles for Cointelegraph and Cointelegraph Magazine. He also occasionally contributes to the publication’s podcast series. Wright holds a bachelor’s degree in aerospace engineering from the University of Texas at Austin and joined Cointelegraph in 2020 after working as a freelance journalist covering international issues.
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NFL asks prediction markets to act on ‘easily manipulated‘ bets - News
Chainlink and Anchorage Digital back launch of crypto-aligned PAC Ahead of the November midterm elections, backers are lining up behind a new hybrid political action committee that allows contributions directly to candidates.
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Strategy pushes pause button on Bitcoin purchases, stock sales For the first time in 13 weeks, the biggest public Bitcoin treasury company skipped a weekly purchase of the cryptocurrency without any word from Michael Saylor.
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Detroit set to enter Michigan‘s battle against Coinbase prediction markets The US city is expected to pen an amicus brief in Coinbase's lawsuit against the state of Michigan, which the exchange filed ahead of its prediction markets launch.
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Coinbase users push back against prediction markets notifications While prediction market platforms are under legal scrutiny in the US, many Coinbase users are claiming that the app is pushing them to gamble.
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SEC is no longer a ‘cop on the beat’ on crypto, says US lawmaker Representative Stephen Lynch voiced concerns about the direction of the SEC under Donald Trump, citing dropped investigations and enforcement actions on crypto companies.
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Japan’s financial watchdog flags KuCoin for OTC derivatives transactions The crypto exchange has previously been in the crosshairs of Japanese regulators for offering products and services without the proper registration.
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Brazil passes law allowing seized crypto to be used for public security Aimed at fighting organized crime groups, the new law allows confiscated assets including crypto to be used for ”police re-equipment, training, and special operations.”
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Coinbase-backed crypto advocacy group unveils 2026 election plan Following its successes mobilizing crypto-minded voters in 2024, Stand With Crypto said it would prioritize House races in two US states for the midterms.
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Trump advisory council draws Coinbase co-founder, tech leaders The council, co-chaired by White House AI and crypto czar David Sacks and science adviser Michael Kratsios, includes Mark Zuckerberg, Larry Ellison and Jensen Huang.
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Marshall Islands basic income effort gains crypto-connected backers Despite an IMF warning regarding the potential risks, the Marshall Islands is proceeding with a partnership which could expand its digital sovereign bond to institutional markets.
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CFTC chief launches innovation task force focused on crypto framework The task force will work with industry participants to develop regulatory approaches for crypto, AI and prediction markets.
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Tether says ‘Big Four‘ firm to handle first full audit of USDT reserves The long-anticipated audit could address years of scrutiny over Tether’s reserve disclosures, though the company has not named the accounting firm.
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Senator Warren questions whether MrBeast will market crypto to kids A letter to the influencer and the CEO of his holding company expressed concerns about whether the two will allow minors to trade crypto through a recently acquired banking app.
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SEC sends proposed crypto interpretation to White House for review The SEC’s crypto classification proposal is under White House review, marking a key step in defining how digital assets are treated under US securities law.
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SEC interpretation on crypto laws ‘a beginning, not an end,’ says Atkins The SEC chair signaled that the agency would defer to a market structure bill if passed by Congress, but needed a “bridge” to clarify crypto regulation.
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Major League Baseball inks deals with US regulator, Polymarket The memorandum of understanding with CFTC Chair Michael Selig comes as many US state authorities are cracking down on sports event contracts on prediction markets.
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Kalshi CEO fires back against Arizona criminal charges as ‘total overstep’ The prediction markets co-founder said that the company would “abide by court decisions” but signaled that the charges were based partly on political bias and media attention.
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‘We are so close this time’ — Senator Lummis on market structure bill The Wyoming Republican said the main issue holding up the bill's passage was stablecoin yield, adding that she believed a provision on DeFi had been “put to bed.”
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SEC says most crypto assets may not be securities under federal law The interpretative notice included information on token taxonomy and what digital assets the regulator would consider a security under federal law.
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US lawmakers introduce bill to crack down on prediction markets war bets The BETS OFF Act from two Democratic lawmakers came in response to several “highly unusual bets” on the US-Israel conflict with Iran, suggesting insider information.
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Arizona AG files charges against Kalshi over ‘illegal gambling‘ A Kalshi spokesperson said that the criminal case was based on ”paper-thin arguments” and claimed the company was exclusively under federal jurisdiction.
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CFTC issues ‘no-action’ letter for crypto wallet provider Phantom The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker.
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SXSW recap: Panels favoring AI over crypto in 2026 Unlike previous years, only a handful of official events at the 2026 version of the iconic Austin festival featured crypto.
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US, UK, Canada launch joint operation to disrupt crypto fraud Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.
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Circle’s USDC overtook Tether’s USDT in adjusted YTD volume: Mizuho Analysts at the investment company said the change was significant because the stablecoin “winner” will be the one people use for everyday transactions.
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US Senate leader doesn’t expect market structure to pass before April: Report Senator John Thune reportedly said that the chamber would prioritize the SAVE America Act before addressing a vote on bipartisan bills like crypto market structure.
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Binance claims ‘full and complete legal victory‘ in Alabama court While a judge granted a motion by Changpeng Zhao, he also ordered the plaintiffs in the case against Binance to file a second complaint or face ”total or partial dismissal.”
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CFTC chair opens prediction markets rulemaking to public comment “This ends today,“ said CFTC Chair Michael Selig, who has been reiterating his position that the agency has exclusive jurisdiction overseeing prediction markets platforms.
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Ripple to buy back $750M in shares through April: Report Despite a decline in the price of XRP in the last year, Ripple is expected to reach a valuation 25% higher than reported after a November 2025 funding round.