Cc9f267dcClaimJudge Alvin K. Hellerstein ruled under Federal Rule of Civil Procedure 60 that newly acquired knowledge of facts existing when the January 2025 consent order was entered does not constitute a significant change in factual circumstancesAgreeDisagree
Cc9f267dcClaimThe CFTC filed a lawsuit in 2022 alleging Gemini Trust Company made false or misleading statements of material fact in 2017 regarding a Bitcoin futures contract relying on Gemini auction pricesAgreeDisagree
Cc9f267dcClaimOn September 25, 2026, the U.S. Court of Appeals for the Sixth Circuit ruled in KalshiEx LLC v. Schuler that sports event contracts are not swaps under federal law and that the Commodity Exchange Act does not preempt Ohio sports gaming lawsAgreeDisagree
Cc9f267dcClaimOn October 9, 2026, the CFTC issued an interim final rule excluding casino-style gambling from the federal definition of swap while publishing a proposed rule explicitly incorporating event contractsAgreeDisagree
Cc9f267dcClaimThe Ohio Casino Control Commission warned prediction market operators that non-compliance could result in civil financial penalties equaling Ohio-generated revenue, as well as state criminal penalties for unlicensed bookmakingAgreeDisagree
Cc9f267dcClaimPolymarket US seeks declaratory relief stating Ohio's gambling laws are unconstitutional and preempted, alongside preliminary and permanent injunctions against Ohio officialsAgreeDisagree
Cc9f267dcClaimPolymarket US, operating through CFTC-registered QCX LLC, filed a federal lawsuit in the U.S. District Court for the Southern District of Ohio on October 16, 2026, against Interim Attorney General Andy Wilson and the Ohio Casino Control CommissionAgreeDisagree
Cc9f267dcClaimOn October 2, 2026, the Ohio Casino Control Commission sent cease-and-desist letters to 10 prediction market operators demanding they halt unlicensed sports event contracts and provide written compliance confirmation by October 16, 2026AgreeDisagree
Cc9f267dcClaimPolymarket US argues under the Dormant Commerce Clause that Ohio's licensing rules unconstitutionally favor in-state physical footprints and restrict market operations to Ohio residentsAgreeDisagree
Cc9f267dcClaimPolymarket US argues in its complaint that the CFTC's October 9, 2026 regulatory actions—an interim final rule and a proposed rule—altered the legal landscape established by the Sixth Circuit's September 25 ruling against KalshiAgreeDisagree
Cc9f267dcClaimPolymarket US asserts that the Commodity Exchange Act grants the CFTC exclusive regulatory jurisdiction over event contracts listed on federally designated exchangesAgreeDisagree
Cc9f267dcClaimPrediction market operators rely on single CFTC registration to maintain nationwide liquidity, but risk facing individual state licensing regimes and local legal costs if states successfully enforce local gambling lawsAgreeDisagree
Cc9f267dcClaimThe U.S. Court of Appeals for the Third Circuit ruled in favor of Kalshi against New Jersey on federal preemption, prompting New Jersey to petition the U.S. Supreme Court for reviewAgreeDisagree
Cc9f267dcClaimIf Ohio successfully enforces its cease-and-desist orders, state gaming regulators nationwide could replicate the Sixth Circuit's legal template to target prediction market platformsAgreeDisagree
Cc9f267dcClaimIn July 2023, a federal judge ruled that XRP itself was not inherently an investment contract, prompting exchanges like Coinbase and Kraken to restore U.S. XRP tradingAgreeDisagree
Cc9f267dcClaimRipple Chief Legal Officer Stuart Alderoty stated that Ripple spent over $150 million on legal fees during its multi-year SEC lawsuit over XRP salesAgreeDisagree
Cc9f267dcClaimKazakh authorities restricted access to Coinbase in 2023 for regulatory non-compliance, while Kazakhstan's Financial Monitoring Agency blocked access to nearly 1,000 unregistered crypto exchanges in 2023AgreeDisagree
Cc9f267dcClaimThe Astana Financial Services Authority issued warnings to more than 20 cryptocurrency platforms regarding Astana International Financial Centre regulatory compliance rules during 2025AgreeDisagree
Cc9f267dcClaimNine cryptocurrency platforms voluntarily blocked app access for users in Kazakhstan, prompting the Astana Financial Services Authority to withdraw its court claims against those operatorsAgreeDisagree
Cc9f267dcClaimThe Council of Europe's Warsaw Convention Additional Protocol prompts signatory nations to establish specialized Asset Recovery Offices to confiscate digital assets and Asset Management Offices to hold digital assets involved in illicit activitiesAgreeDisagree