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The Latest Breaking News from CFTC

Polymarket's Alleged Fake Trades Don't Justify a Crackdown on Prediction Markets

A Wall Street Journal investigation uncovered $1.9 million in fake bets to market the platform. Punishing the prediction market industry isn't the answer.

Reason

Polymarket allegedly faked trades. Chances are slim Trump admin investigates, says sports-betting attorney

A recent Wall Street Journal investigation found that the prediction market allegedly hired influencers to stage fake trades as part of its marketing campaign to attract U.S. users.

Fortune

Prediction markets surge in US as public health advocates call for support to combat gambling

Platforms like Kalshi and Polymarket operating in areas with limited resources for people with gambling problems

The Guardian - US

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Son of pro-crypto New York Senator Kirsten Gillibrand raises $30 million to launch a derivatives exchange

Lux Capital led the investment, which values the Stanford graduate’s exchange at $300 million.

Fortune

Prediction markets are opening many new opportunities for unregulated insider trading and unethical bets – in the name of making a game out of politics

Arrests for betting on the U.S. military operation that removed Venezuelan leader Nicolás Maduro. Death threats from gamblers to a journalist reporting on an Iranian missile attack on Israel. Fears of government officials manipulating world events – including the Iran war – to make a quick buck.

The Conversation

Cotton Ignoring Outside Markets for Midday Gains

Cotton futures are showing Monday strength of 54 to 64 points at midday. Crude oil is down $4.41 at midday this morning after the US and Iran came to a peace deal over the weekend, to be signed this Friday. The US dollar index is down $0.285 at $99.460. CFTC...

Barchart

Cotton Posts Modest Gains on Friday

Cotton futures closed with 4 to 49 points on Friday, with July still down 81 points on the week, as December fell 106 points. Crude oil was down $3.50 to $84.21/barrel. The US dollar index was down $0.054 at $99.795. CFTC data showed managed money trimming their net short in...

Barchart

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Corn Holds onto Bounce into Friday’s Close, as CFTC shows Specs Turning Bearish

Corn futures slipped into the Friday close, with contracts steady to 1 ¾ cents higher on the day. July was down 4 ¾ cents this week, with December down 5 ¾ cents. The CmdtyView national average Cash Corn price was up 1 1/4 cents at $3.81. The weekly CFTC Commitment...

Barchart

Proposed Prediction Markets Rule Change Could Impact Event Contracts

The CFTC has proposed new rules that would restrict what Kalshi, Polymarket, and other prediction markets are allowed to offer.

Sports Illustrated

Cotton Holding Firm on Monday

Cotton futures are trading with 5 to 15 point gains, with July the exception, down 25 points at midday. The US dollar index is down $0.106 at $99.94. Crude oil us up 79 cents so far on the day. Weekly CFTC data showed spec funds trimming 1798 contracts from their...

Barchart

Cotton Slides Lower on Friday

Cotton futures faced outside pressure on Friday, with contracts down 41 to 137 points across the board, with July falling 240 points. The US dollar index was up $0.643 at $100.025. Crude oil losses of $2.79 added some modest pressure. Weekly CFTC data showed spec funds trimming 1798 contracts from...

Barchart

George Santos reportedly investigated by DoJ over suspicious Kalshi bets

Disgraced former congressman said to have put bet on whether he would be at Trump’s State of the Union speech

The Guardian - US

Coinbase, Kalshi bring regulated perpetual crypto futures to US investors

Perpetual futures, or "perps", are derivatives that lack a traditional expiration date, allowing traders to maintain positions indefinitely without the need to roll over contracts. These ‌instruments also permit ⁠high ⁠degrees of leverage - often as much as 50-to-1 - enabling investors to amplify their exposure to market moves.

The Economic Times

Trump-Era CFTC Moves To Scrap $5 Million Gemini Penalty Tied To Winklevoss Twins

The Commodity Futures Trading Commission has asked a federal judge to vacate a $5 million settlement imposed last year on Gemini Trust Company.

International Business Times

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Fortune

Kalshi adds perpetual futures for U.S. traders following thumbs-up from key regulator

The $86 trillion perps market is finally coming onshore.

The Economic Times

Trump reiterates vision to make US the Crypto Capital of World. Here is what experts say

President Donald Trump is defending the cryptocurrency and prediction market industries. He is opposing state-led efforts to restrict these sectors. Federal authorities and state governments are in a dispute over regulatory control. Trump's family has financial ties to these industries. The outcome will shape the future of prediction markets across…

The Guardian - US

‘Scum’: Trump attacks US states’ efforts to regulate prediction markets

President says federal government must retain regulatory authority as concerns grow over ‘addictive’ platforms

Barchart

Cotton Trading Mixed at Tuesday’s Midday

Cotton futures are trading with July down 9 points and other contracts up 30 to 38 points. December was down 258 points since last Friday. The US dollar index was $0.076 lower at $99.110. Crude oil is down $2.62 on the day to $93.97. CFTC data showed managed money adding...

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Barchart

Hogs Slipping Lower on Tuesday’s Midday

Lean hog futures are down 12 cents to $1.30 so far on Tuesday. USDA’s national base hog price was not reported on Tuesday morning due to low volume. The CME Lean Hog Index was down 19 cents on May 21 at $90.88 CFTC data showed managed money cutting back another...

Latin Times

Minnesota Prediction Market Ban Sparks Federal Lawsuit Over Polymarket, Kalshi

The federal government has sued Minnesota over a new law that would make it a felony to operate, host, or advertise prediction markets in the state, opening a major legal fight over platforms such as Polymarket and Kalshi at a time when regulators are already wrestling with questions about gambling,…

International Business Times UK

Donald Trump Faces 'Grift' Accusations: POTUS Allegedly Dismantled Crypto Oversight to Help Family Business

Donald Trump faces allegations of using presidential power to benefit family business interests in crypto and prediction markets, amid reduced regulatory oversight by the Commodity Futures Trading Commission.

Salon

Minnesota takes on Polymarket, Kalshi

The Commodity Futures Trading Commission is suing multiple states for trying to rein in Polymarket and Kalshi

Reason

Minnesota Law Banning Prediction Markets Creates Victimless Crime

A Minnesota senator got fined for insider trading on a prediction market. His response was to ban the platforms for everyone in the state.

The Independent UK

Regulators looking at three firms over multimillion-dollar trades before Trump’s Iran war announcement, report says

The three financial firms, which have not been accused of wrongdoing, said they had not been contacted by the Commodity Futures Trading Commission

Roll Call

Tensions over prediction markets dominate Senate hearing

Senators at a Commerce Committee panel hearing aired concerns Wednesday about rapidly growing prediction markets, appearing largely unswayed by industry arguments that they are not a form of betting subject to state regulation. Members of the committee’s Consumer Protection, Technology and Data Privacy Subcommittee were in agreement at a hearing that…

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