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The U.S. Commodity Futures Trading Commission (CFTC) announced on Tuesday that it has jointly filed a motion with Gemini Trust Company LLC in the U.S. District Court for the Southern District of New York, requesting the dismissal of a previous judgment against Gemini.The case was originally filed in June 2022, and the parties reached a consent order in January 2025. After a comprehensive review, the CFTC concluded that the lawsuit should not have been filed and would not be filed under current enforcement standards.The review identified six major issues: the complaint was primarily based on statements from a whistleblower of questionable credibility; the investigation targeted Gemini as a victim of fraud rather than the alleged fraudster; there were serious doubts about the strength of the evidence against Gemini; relevant supporting materials were concealed and not submitted to the commissioners during the CFTC's vote on the complaint; the litigation team invoked deliberative process privilege to prevent Gemini from obtaining evidence necessary for its defense; and personnel improperly used CFTC regulatory power to create leverage for settlement.The CFTC determined that continuing to enforce the forward-looking provisions of the consent order is neither consistent with its mission nor in the public interest, and that the non-forward-looking provisions of the consent order (such as civil penalties) have been fulfilled. The parties jointly request the court to vacate the remaining forward-looking provisions.

According to The Block, the Office of Information and Regulatory Affairs (OIRA) under the Office of Management and Budget of the White House stated on its website on Tuesday that it has received the proposed rules for prediction markets submitted by the Commodity Futures Trading Commission (CFTC) and is currently under review. A CFTC spokesperson stated that more information will be released after the OIRA review is completed.CFTC Chairman Michael Selig has consistently argued that prediction markets fall under the "exclusive jurisdiction" of his agency and has filed lawsuits against five states, including Wisconsin, Illinois, Arizona, Connecticut, and New York. Trump publicly supported Selig on Tuesday, stating that the CFTC's exclusive jurisdiction over prediction markets is "critical."

According to The Block, Bitcoin mining company Bitdeer announced that Chief Financial Officer Jianchun Liu will resign at the end of June for personal reasons and will transition to Chief Advisor, with former Corsair Gaming CFO Michael Potter taking over.Michael Potter served as CFO of Corsair Gaming from 2019 to 2025 and was involved in the company's 2020 IPO; he previously held senior positions at technology and semiconductor companies such as Lattice Semiconductor, Honeywell, NeoPhotonics, and STATS ChipPAC. Bitdeer is currently expanding from Bitcoin mining into AI and cloud computing infrastructure, with its annualized AI cloud revenue recently approaching $70 million.

According to Jinshi reports, U.S. President Trump stated on social media that it is crucial to maintain the exclusive jurisdiction of the Commodity Futures Trading Commission (CFTC) over prediction markets. He mentioned that prediction markets must be allowed to thrive and that "road rules" are being developed to become the gold standard for states. He emphasized that other countries are competing for this new type of financial market, and the U.S. must maintain its leading position and protect the global cryptocurrency industry.

According to the official announcement, Gate has launched the fifth phase of the CFD Gold Lucky Bag event from May 25 at 15:40 to June 9 at 16:20 (UTC+8), during which a total of 2,304g of gold will be given away. Since its launch, the Gate CFD Gold Lucky Bag series of events has distributed over 5kg of gold.As of now, Gate CFD has launched over 430 trading assets, covering mainstream traditional financial assets such as stocks, metals, foreign exchange, global indices, and commodities, and supports 24-hour trading on both App and Web.As one of the first cryptocurrency trading platforms to make large-scale layouts in CFD contract trading, Gate has currently built a unified margin system around traditional finance and on-chain assets, allowing users to conduct cross-product trading and fund allocation through a single USDT account, further enhancing multi-asset trading efficiency and fund utilization flexibility.In addition, Gate has pioneered an adjustable leverage mechanism in the industry, further enhancing users' strategy flexibility and position management capabilities in different market environments. As global demand for trading traditional assets such as US stocks and gold continues to grow, Gate is continuously promoting the integration of crypto and TradFi scenarios to create a one-stop trading platform covering mainstream global assets.

According to Cointelegraph, an investigative report released by The New York Times on Sunday revealed that several senior officials from the CFTC, who had raised regulatory concerns about Polymarket, Crypto.com, and Gemini affiliates, were subsequently suspended, subjected to internal investigations, and forced to resign. The three companies mentioned have been accused of having business ties to the Trump family.The report stated that then-CFTC acting chair Caroline Pham and her senior advisors intervened to assist the aforementioned companies in obtaining the necessary approvals. By the end of 2025, five officials who questioned or enforced cryptocurrency regulatory laws were placed on administrative leave and internal investigation, without being informed of the specific reasons. After leaving, Pham joined the cryptocurrency company MoonPay, which has a partnership with Polymarket, while her senior advisor Brigitte Weyls became the legal counsel for Gemini Titan—whose application was approved with her involvement.On the enforcement front, the CFTC has withdrawn at least five cryptocurrency investigations, with the number of enforcement actions plummeting from over 80 during the Biden administration to just two during Trump's term. In response, a White House spokesperson denied any conflict of interest, stating that "President Trump only acts in the best interest of the American public."

According to monitoring by Catcher Predict, in the predicted market event "ACF Fiorentina vs. Atalanta BC" on Polymarket, the "yes" option for the sub-market "ACF Fiorentina" has experienced a dramatic fluctuation in winning probability, soaring from 29.5% an hour ago to the current 60.5% (a fluctuation of 31%). Please note the impact of related breaking news.

As cryptocurrency trading platforms gradually extend from trading single digital assets to traditional asset trading scenarios such as stocks, gold, foreign exchange, and indices, platform competition is shifting from "asset coverage" to "trading entry points, operational paths, and execution efficiency." Whether users can discover opportunities faster, enter the market, and complete transactions is becoming an important measure of the product experience on exchanges.Recently, Bitget announced the launch of the 10-second gold buying challenge, inviting users to record the entire process from opening the Bitget App homepage to completing a XAUUSD gold CFD transaction, with a chance to win rewards if completed in less than 10 seconds. The activity showcases the changes in mobile TradFi trading paths through actual user operations, reflecting that cryptocurrency exchanges are attempting to further streamline and simplify the trading experience of traditional financial assets.According to Bitget, the platform has previously brought TradFi to the first-level entry of the App homepage, covering traditional asset trading scenarios such as gold, stocks, foreign exchange, and indices. Compared to the past, where traditional asset trading typically required completion on independent platforms or through multiple entry points, Bitget aims to allow users to engage with various asset types more directly within the same platform through a unified entry point and optimized mobile processes.

According to Coin Desk, former U.S. Commodity Futures Trading Commission (CFTC) Chairman Timothy Massad stated that despite Trump's public commitment to oppose central bank digital currencies (CBDC) and government-backed stablecoins, the U.S. may ultimately launch a government-supported on-chain digital dollar scheme driven by the global development of tokenized finance.Massad mentioned that the White House is conducting closed-door research on the relevant infrastructure, and the U.S. has also participated in the Bank for International Settlements (BIS) Project Agora. Mark Gould, head of payment services at the Federal Reserve, stated that a digital dollar is currently not within the Federal Reserve's responsibilities, but if a government-supported digital dollar is launched, it will be the responsibility of the Federal Reserve.

According to the Wall Street Journal, the Commodity Futures Trading Commission (CFTC) is reviewing the surge in crude oil futures trading that occurred before Trump postponed action against Iran in March, and the CFTC has expressed concern about at least three companies.

According to The Block, the Commodity Futures Trading Commission (CFTC) and the Department of Justice jointly filed a lawsuit against Minnesota Governor Tim Walz and related officials on Tuesday local time, because the state signed the SF 4760 bill, becoming the first in the nation to explicitly and comprehensively ban prediction markets, which will take effect on August 1, 2026.The CFTC argues that prediction markets fall under federally regulated derivatives and "swap" products, and that state governments do not have the authority to criminalize or prohibit them, requesting the court to issue a permanent injunction against the law.

The U.S. Commodity Futures Trading Commission (CFTC) and the Department of Justice have sued the state of Minnesota and Governor Tim Walz, opposing the state's newly signed prediction market ban. The new Minnesota law will take effect on August 1, prohibiting users from participating in prediction market trading related to outcomes such as sports, weather, company valuations, and government events. The CFTC stated in the lawsuit that this is the first state-level law in the U.S. that explicitly and comprehensively bans prediction markets. The CFTC and the Department of Justice believe that the relevant products fall under federally regulated derivatives and "swap" contracts, which should be exclusively regulated by the CFTC, and that the state government has no authority to classify them as illegal gambling or to prohibit them. This lawsuit further intensifies the jurisdictional conflict between federal regulators and state gaming regulatory agencies. Previously, the CFTC had sued states like Illinois, Arizona, and Connecticut, opposing their attempts to shut down prediction market platforms such as Kalshi and Polymarket.

According to monitoring by Catcher Predict, in the "Genoa CFC vs. AC Milan" event on the prediction market Polymarket, the "yes" option for the sub-market "AC Milan" has experienced significant fluctuations, rising from 55.5% an hour ago to the current 79.5% (a fluctuation of 24%). Please note the impact of relevant breaking news.

According to monitoring by Catcher Predict, in the predicted market event "Juventus FC vs. ACF Fiorentina" on Polymarket, the "Yes" option for the sub-market "Juventus FC" has experienced a sharp fluctuation in winning probability, dropping from 75.5% an hour ago to the current 44.5% (a fluctuation of 31%). Please note the impact of related breaking news.

According to WIRED, Michael Selig, chairman of the Commodity Futures Trading Commission (CFTC), stated that the agency is using artificial intelligence technology to investigate insider trading in prediction markets such as Polymarket.In the past year, several traders on Polymarket have been suspected of using insider information to bet on geopolitical events such as the Venezuela raid and the Iran war, resulting in significant profits and drawing widespread attention.Previously, a U.S. Special Forces soldier was arrested for allegedly profiting from betting on the Maduro arrest using classified intelligence on Polymarket, becoming the first criminal case of insider trading in a prediction market in the United States.

According to The Block, staff from the Commodity Futures Trading Commission (CFTC) issued a no-action letter, substantially exempting prediction market platforms from swap data reporting and recordkeeping requirements.The CFTC's Market Oversight Division and Clearing and Risk Division stated that they would not recommend enforcement actions against designated contract markets (DCMs) and clearinghouses for failing to comply with relevant reporting requirements. This move aims to eliminate regulatory uncertainty for event contract platforms.The no-action letter currently covers 19 beneficiary entities, including Polymarket US, Kalshi, Gemini Titan, and Bitnomial.

According to official news, Gate will launch the 11th phase of the Joint Earnings Coin event from May 13 at 12:00 to June 12 at 12:00 (UTC+8), with a total prize pool of 700,000 USDT. During the event, users can open exclusive red envelopes and invite friends to register. After friends complete identity verification, designated deposits, and trading tasks, both parties can jointly receive cash red envelope rewards, with a maximum of 100 USDT per instance. The more friends invited, the more rewards earned, with no cap on individual earnings.In addition, Gate will launch the TradFi CFD Gold Privilege event from May 12 at 12:00 to May 22 at 12:00 (UTC+8). During the event, users who invite friends to register and complete designated TradFi CFD trading tasks can receive XAUT lottery chances, with a single friend potentially unlocking up to 11 lottery chances for the inviter. After the friend's cumulative TradFi CFD trading volume reaches 2,000 USDT, they can also receive XAUT newcomer bonuses. Event rewards are credited instantly, with limited quantities available on a first-come, first-served basis.

According to Cointelegraph, the Commodity Futures Trading Commission (CFTC) submitted an amicus brief to the U.S. Court of Appeals for the Sixth Circuit in support of Kalshi's appeal in its lawsuit against Ohio, arguing that prediction markets should be under the jurisdiction of the CFTC.The CFTC pointed out that Ohio's previous request for Kalshi to cease offering sports event contracts constitutes "jurisdictional overreach." The CFTC stated that if state governments can restrict sports event contracts traded on designated contract markets (DCM), their long-term regulatory authority over event contracts, swaps, and binary options markets could be affected. The outcome of this case will also impact prediction market platforms such as Kalshi and Polymarket.

Michael Selig, the chairman of the Commodity Futures Trading Commission (CFTC), stated that the regulatory agency is communicating with all major professional sports leagues in the United States to strengthen the regulatory framework for sports-related prediction markets and to prevent insider trading and market manipulation risks.Michael Selig revealed at the FINRA annual meeting in Washington that the CFTC had previously signed a memorandum of understanding for information sharing with Major League Baseball, marking its first formal data collaboration mechanism with a professional sports league.

According to the official announcement, the Gate TradFi stock section has launched 9 contract-for-difference trading pairs: GEV (GE Vernova), KLAC (KLA), SOXL (3x Long Semiconductor ETF), SMH (Semiconductor Index ETF), SOXX (Semiconductor ETF), HYG (Bond Index ETF), SQQQ (3x Short NASDAQ ETF), SOXS (3x Short Semiconductor ETF), GDX (Gold Mining ETF), supporting 4x fixed leverage.In addition, the Gate TradFi stock section will launch the third phase of the new coin airdrop from May 12 at 16:00 to May 22 at 16:00 (UTC+8). During the event, users who sign up will receive 30 USDT and can participate in trading the newly listed assets to share a prize pool of 100,000 USDT, with a maximum individual reward of 3,130 USDT.