The CFTC has approved Gemini's Designated Contract Market license, enabling the launch of a prediction market and potential expansion into crypto futures and options. This approval comes as the regulatory landscape for prediction markets shifts, with increased support from current CFTC leadership.

Polymarket has received approval from the CFTC to reopen its prediction-market platform in the U.S. This allows users to trade contracts through regulated brokers, following a previous shutdown due to regulatory issues. The platform must now adhere to strict compliance measures, including enhanced surveillance and reporting.

Coinbase is suing Connecticut, Michigan, and Illinois, arguing that state regulators cannot oversee prediction markets that fall under the Commodity Futures Trading Commission's authority. The lawsuits come as Coinbase prepares to launch its own prediction market platform in January 2026 through Kalshi, which is already CFTC-registered. The company claims state actions threaten its operations and violate federal law.

Google will allow ads for prediction markets in the U.S., but only for exchanges regulated by the CFTC and certified brokers. Advertisers must adhere to strict compliance standards set by both federal regulations and Google's policies.

Michael Selig, the new chair of the CFTC, has introduced an innovation committee to explore regulation of prediction markets and digital assets. This move coincides with ongoing Congressional discussions about expanding the agency's authority in the crypto space, amid rising concerns over insider trading in prediction markets.

Coinbase is suing regulators in Michigan, Illinois, and Connecticut over their attempts to classify prediction markets as unlicensed gambling. The exchange argues these markets are financial derivatives under federal oversight, which could pave the way for broader access if they win. The lawsuits come amid a shift towards federal regulation, following the appointment of a pro-innovation CFTC chairman.

Polymarket has sued Massachusetts, claiming that the U.S. Commodity Futures Trading Commission (CFTC) has exclusive authority over prediction markets, not state regulators. This lawsuit highlights growing tensions as states attempt to classify sports-related prediction contracts as gambling, which would require local licensing. Recent rulings in Massachusetts and other states have further complicated the legal landscape for prediction market operators.

Polymarket, a crypto-based prediction markets platform, has received approval from the CFTC to operate in the United States. The ruling follows a no-action letter regarding swap data reporting and recordkeeping regulations, paving the way for Polymarket's entry after a prior federal investigation was dropped.