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The Trump Administration is backing federal action as the CFTC and Department of Justice sue Illinois, Arizona, and Connecticut for attempting to shut down prediction market platforms. The lawsuits mark the first time the CFTC has sued state gaming regulators over prediction market oversight.
OnePay, the Walmart-backed superapp, now supports over 20 crypto tokens after expanding beyond its January launch with Bitcoin and Ethereum. The platform added SUI, Polygon, Arbitrum, Solana, Cardano, Bitcoin Cash, and PAX Gold to reach its new total.
A Texas judge ruled that crypto developer Michael Lewellen failed to prove he faced imminent prosecution, dismissing his lawsuit seeking DOJ protection before publishing noncustodial crowdfunding software.
Jump Trading says Terraform Labs' bankruptcy trustee is using a ₱238.89 billion ($4 billion) lawsuit to shift blame for the ₱2.39 trillion ($40 billion) Terra collapse rather than face the company's ₱262.78 billion ($4.4 billion) SEC fine.
Gemini investors filed a class-action lawsuit against the crypto exchange and founders Cameron and Tyler Winklevoss after the stock lost 82% of its value since its September debut. The lawsuit claims the company made an abrupt, undisclosed pivot to prediction markets while shuttering operations in multiple regions.