Enforcement Actions

Polymarket launched private share betting markets exclusively through its offshore app, bypassing U.S. regulatory restrictions. The prediction market platform confirmed the new product is unavailable to U.S.-based users, though American residents regularly access the offshore platform via VPNs. The

According to Fortune, U.S. prosecutors this week charged Michele Spagnuolo, a 36-year-old Italian software engineer at Google based in Switzerland, with insider trading. Operating under the username "AlphaRaccoon," Spagnuolo allegedly used confidential internal search trend data from Google before t

According to ChainCatcher, the Kyiv Regional Prosecutor's Office in Ukraine has completed a pretrial investigation into a criminal gang comprising four former police officers and one civilian with prior convictions. The group stands accused of kidnapping crypto entrepreneurs and extorting

Former Ukrainian police colonels allegedly kidnapped crypto entrepreneurs and extorted roughly $2.2 million, prosecutors said Thursday. The Kyiv Regional Prosecutor's Office announced completion of a pre-trial investigation into a group that included four former officers and a civilian accomplice, a

According to Kalshi's official filing, the prediction market platform launched a federal lawsuit against Minnesota on May 29, in tandem with a separate CFTC challenge filed on May 19, seeking to block a state law scheduled to take effect on August 1. The Minnesota law, signed by Governor Tim Walz on

According to Trump's Truth Social post today (May 29), the President backed the Digital Asset Market Clarity Act (CLARITY), arguing it would secure the long-term future of the cryptocurrency industry in the U.S. and prevent future administrations from dismantling pro-crypto policies. Separately, on

Kalshi filed a lawsuit in the US District Court for the District of Minnesota against Governor Tim Walz, Attorney General Keith Ellison, and other state officials after Walz signed legislation prohibiting prediction market platforms from operating in the state, with the ban scheduled to take

Kalshi filed a lawsuit in the U.S. District Court for the District of Minnesota on May 29, challenging a state law that would prohibit prediction market platforms from operating. The ban is scheduled to take effect on Aug. 1, 2026. The company argues that prediction markets fall under the

According to The Block, ICE CEO Jeffrey Sprecher stated that the exchange has held multiple meetings with Hyperliquid to assess entry into the on-chain perpetual futures market. The company has also communicated with regulators seeking clarity on whether such operations are

According to BlockBeats, on April 23, a court in Qujiang District, Quzhou City, Zhejiang Province sentenced hacker Zhou for illegally controlling over 150 servers across 157 government and enterprise entities, injecting malicious code to redirect users to offshore pornography sites. To evade

According to CoinTelegraph on May 29, the chair of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, and prediction market platform Kalshi have filed a lawsuit in federal court over Minnesota’s ban on prediction markets, while a similar legal dispute in Rhode Island has also heated up. Minnesota Governor Tim Walz signed a bill last week that bans advertising/promotional activities, the creation of, and operation assistance for prediction market platforms. Minnesota lawsuit: Co

According to PANews, on May 29, the U.S. Commodity Futures Trading Commission (CFTC) filed a lawsuit in Rhode Island federal court to block the state from applying its gambling laws to CFTC-registered derivatives contracts. CFTC Chair Michael S. Selig stated that registered exchanges face multiple l

The CFTC says its Gemini crypto case should never have been filed under current enforcement standards. The agency has joined Gemini in asking a federal court to remove remaining settlement restrictions after monetary penalties were already satisfied. Key Takeaways: The CFTC said the Gemini enf

Opening Kalshi filed a lawsuit against Minnesota state officials on Wednesday in the U.S. District Court of the District of Minnesota, challenging a law signed by Governor Tim Walz that prohibits prediction market operations in the state effective August 1. The complaint names Attorney General