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CFTC Proposes Rules To Codify Prediction Market Authority

Facade of brick building with CFTC sign and seal

By Aislinn Keely

The U.S. Commodity Futures Trading Commission on Friday took steps to codify its authority over sports, politics and culture event contracts, in a move to affirm the agency's view that prediction markets are under its "exclusive jurisdiction" and beyond the reach of states.


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    The Trump administration Friday imposed new sanctions on the International Criminal Court, which swiftly condemned the move as "an assault on the rule of law and on the very foundations of the international legal order."

  • 5th Circ. Judges Clash Over Trans Restroom Photo Case

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    A split Fifth Circuit on Friday declined to rehear a preliminary injunction bid in a case challenging the constitutionality of enforcing a Texas privacy law against a plaintiff who tweeted a photo of a trans woman in a bathroom, spurring three judges to author contentious concurring and dissenting opinions.

  • Roundup Often Got On Gardener Plaintiff's Skin, Jury Hears

    By Cara Salvatore

    A plaintiff in a Roundup trial in Missouri state court testified Friday that she had the Monsanto Co. herbicide splash and spray on her during hourslong gardening sessions around her Florida home, where she said she is "not a shoe person."

  • 9th Circ. Sides With Forest Service In Idaho Project Suit

    By Hailey Konnath

    The Ninth Circuit on Friday reversed a lower court's finding that the U.S. Forest Service ran afoul of the National Forest Management Act when it approved an Idaho project, ruling the court erred when analyzing the project's compliance with limits on road construction in areas in and around bear habitat.

  • Species Protections May Differ By State Under Senate Bill

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    A new U.S. Senate bill proposing to change federal agencies' consultation process for energy and infrastructure projects could lead to inconsistent wildlife protections in different states and includes some provisions that may ultimately be counterproductive to speeding up development.

  • Boeing Can't Preclude Punitive Damages In Door Plug Suit

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    A Washington judge Friday rejected The Boeing Co.'s effort to shut down passengers' bid for punitive damages in a lawsuit over the 2024 blowout of an aircraft door plug, allowing the plaintiffs time to conduct more discovery around whether Illinois law applies.

  • Calif. Jurists' Atty Tips: 'Emulate Lincoln,' 'Don't Be Boring'

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  • DOJ Policy Checking Voters' Immigration Status Banned

    By Aneeta Mathur-Ashton

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  • 9th Circ. Says AmeriBen Data Breach Enough To Allege Injury

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    The Ninth Circuit on Friday revived a proposed data breach class action alleging health plan administrator AmeriBen unlawfully revealed patients' information, ruling the disclosures were enough to sustain a lawsuit even if the underlying information might seem "mundane."

  • DA Pans Mangione's Double Jeopardy Bid In NY Murder Case

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    New York prosecutors on Friday panned Luigi Mangione's bid to dismiss his state murder case, arguing that his guilty plea to federal stalking charges does not subject him to unlawful double jeopardy, as the second-degree murder charge is meant to prevent a different kind of "harm or evil."

  • Hertz Settles Investors' Derivative Suit Over EV Fleet Losses

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    The investor plaintiffs seeking damages on behalf of Hertz Global have settled with the company, its former CEO and other executives who they accused of breaching their fiduciary duties by releasing misleading statements about the demand for electric vehicles.

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    In light of the D.C. Circuit ruling backing the U.S. Department of Defense's decision to remove Anthropic's Claude artificial intell... (read more)
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