US gov’t sues four states, RWAs cross $30 billion: Month in Charts
The US CFTC has sued four states for trying to enforce state-level gambling laws on prediction markets, meanwhile Strategy stacked over 56,000 BTC.
The US Commodity Futures Trading Commission (CFTC) is suing New York, Connecticut, Arizona and Illinois for applying state-level gambling laws to prediction markets.
The move follows a heated legal argument between states and companies like Kalshi, as they fight over who has jurisdiction to regulate the “prediction” platforms. Other states have issued cease-and-desist letters or sued the prediction markets.
Strategy bought over 56,000 Bitcoin. One of its last purchases in April was funded by a $250 million sale of the company’s common stock.