United States — United States Commodity Futures Trading Commission & Gemini

United States — United States Commodity Futures Trading Commission: The CFTC asserts exclusive federal authority over prediction markets, countering state actions and ordering Kalshi to continue operations, shaping the regulatory landscape.

Gemini: Gemini is under investigation and sued by United States — New York state for illegal gambling, facing similar regulatory challenges as its peers.

United States — United States Commodity Futures Trading Commission: The CFTC filed an emergency motion to block United States — New York's enforcement, asserting exclusive federal jurisdiction over Kalshi. A favorable ruling would protect federal oversight and potentially benefit the industry.

Gemini: Gemini was also sued by New York in April for offering event contracts, making it part of the same legal trend affecting crypto platforms.

United States — United States Commodity Futures Trading Commission: The CFTC is the regulator that will review Binance's DCM application; its approval process and stance on prediction markets are critical to the outcome.

Gemini: Gemini has expanded derivatives capabilities after obtaining a CFTC clearing license, adding to the competitive landscape.

United States — United States Commodity Futures Trading Commission: The CFTC asserts exclusive jurisdiction over event contracts and has sued states to block enforcement, creating regulatory uncertainty.

Gemini: Gemini was sued by New York over event contracts, but is not directly involved in the Robinhood talks.