North Carolina law clears path for CFTC regulated prediction markets

The post Digital Asset Market Clarity Act Faces Uphill Battle Despite New Draft Coming Next Week appeared on BitcoinEthereumNews.com. TLDR An updated version of the Digital Asset Market Clarity Act may arrive next week Democratic backing remains absent, primarily due to disagreements over ethics standards for officials involved in crypto Three contentious matters persist: safeguards for developers, exemptions from money laundering laws, and stablecoin incentive programs CFTC leadership cautions that regulatory agencies might draft crypto policies independently if lawmakers don’t act Congress faces a compressed timeline — just several weeks between mid-July and early August — to approve the legislation Legislators could unveil a revised edition of the Digital Asset Market Clarity Act within days, sources close to the discussions revealed. This proposed legislation seeks to establish a complete regulatory structure governing digital currencies across the nation. LATEST: A new CLARITY Act

The post Goldman Sachs blocks staff from trading prediction markets tied to elections and finance appeared on BitcoinEthereumNews.com. Goldman Sachs has prohibited employees from trading prediction market contracts tied to the bank, elections, financial markets, macroeconomic data, and geopolitics as companies respond to growing insider trading risks on event-based platforms. Summary Goldman Sachs has barred employees from trading prediction market contracts tied to the bank, elections, financial markets, and geopolitical events. The move comes as companies face rising pressure to strengthen insider trading safeguards after regulators brought their first corporate prediction market case. Google, lawmakers, and state regulators have also tightened oversight of prediction markets as legal and compliance scrutiny continues to grow. CNBC reported that the investment bank introduced the restrictions as prediction markets face increasing regulatory attention and businesses begin reviewing ho

Goldman Sachs has prohibited employees from trading prediction market contracts tied to the bank, elections, financial markets, macroeconomic data, and geopolitics as companies respond to growing insider trading risks on event-based platforms. CNBC reported that the investment bank introduced the…

The post Polymarket Pursues NFA Registration to Launch US Margin Trading Services appeared on BitcoinEthereumNews.com. TLDR On July 3, Polymarket submitted regulatory applications to the National Futures Association seeking authorization for U.S. margin trading capabilities. PM Derivatives LLC filed for FCM registration, NFA membership, and Swap Firm designation on behalf of the platform. Additional approval from the CFTC remains necessary before Polymarket can launch leveraged trading services. Competitor Kalshi secured NFA authorization through Kinetic Markets LLC back in March 2026, giving it a significant advantage. June 2026 saw both platforms achieve unprecedented trading activity — Kalshi reached $33 billion while Polymarket totaled approximately $14 billion across entities. The prediction market platform Polymarket has submitted formal applications to the National Futures Association seeking permission to provide margin trading services to American customers. This capability wo

The post North Carolina law clears path for CFTC regulated prediction markets appeared on BitcoinEthereumNews.com. North Carolina has become the first U.S. state to explicitly recognize the CFTC’s authority over prediction markets while setting a 6% state tax on their trading fee revenue. Summary North Carolina has recognized the CFTC’s authority over prediction markets while approving a 6% tax on platform trading fee revenue. The new law allows federally registered prediction markets such as Kalshi and Polymarket to operate legally in the state from 2027. The measure comes as Kalshi continues legal battles with several states after a federal judge declined to block New York from enforcing its gambling laws. Under Senate Bill 257, signed by Governor Josh Stein on July 7 as part of North Carolina’s 2026 budget, platforms registered with the Commodity Futures Trading Commission, including Polymarket and Kalshi, can operate lawfully in the state.  The legislation also states that the Comm

The post CFTC vacancies snag US crypto bill as global rivals advance appeared on BitcoinEthereumNews.com. A shortage of staff at the Commodity Futures Trading Commission (CFTC) has stalled the Senate’s efforts regarding the Clarity Act, a delay the proponents fear could allow the rest of the world to dictate rules for the crypto industry worth about $2.2 trillion. In the case of crypto trading firms with a presence across different jurisdictions, the issue is about governance. The Clarity Act indicates that the CFTC would oversee the spot trading of digital commodities. Yet while this agency’s role is supposed to regulate this market, it currently has just one commissioner instead of five – Michael Selig, a Republican. The White House and Senate Democrats were arguing on Thursday, blaming each other for keeping the other four seats vacant. Selig has been upfront about the stakes involved. In a recent interview with Fox Business, Selig stated that if Congress does not take action, there

The post Polymarket files three NFA applications for US margin trading appeared on BitcoinEthereumNews.com. Polymarket has filed three registration applications with the National Futures Association as it seeks to introduce margin trading for U.S. users. Summary Polymarket filed three NFA registration applications as it seeks to offer margin trading in the U.S. The platform would still need CFTC approval before introducing leveraged event contracts. Kalshi affiliate Kinetic Markets secured similar NFA approvals in March 2026. According to the National Futures Association’s BASIC database, Polymarket affiliate Coming Home GBA LLC submitted the applications through PM Derivatives LLC on July 3. The filings seek registration as a futures commission merchant, an NFA member, and a swap firm. Bloomberg previously identified Coming Home GBA as an entity affiliated with Polymarket. Approval as a futures commission merchant would allow Polymarket to support trades in which users provide only pa

Polymarket has filed three registration applications with the National Futures Association as it seeks to introduce margin trading for U.S. users. According to the National Futures Association’s BASIC database, Polymarket affiliate Coming Home GBA LLC submitted the applications through PM…