The Commodity Futures Trading Commission (CFTC) filed an amicus brief Tuesday (May 12) reaffirming its exclusive jurisdiction over prediction markets. The CFTC filed the brief in the court battle between prediction market Kalshi and the state of Ohio, according to a Tuesday press release from...
Brazil’s central bank is reportedly facing budget and staffing strain amid a financial system boom. As Bloomberg News reported Tuesday (May 12), the regulator’s staffing levels have fallen by 42% in the last decade, while the number of regulated financial institutions has surged by 50%...
Australia’s financial crime watchdog says AI is making money launderers’ jobs easier. In a report issued Tuesday (May 12), the Australian Transaction Reports and Analysis Center (AUSTRAC) said the country’s money laundering, terrorism and proliferation financing (PF) risks are becoming more complicated and interwoven due to technology, globalization and...
Securities and Exchange Commission (SEC) Chairman Paul S. Atkins said Friday (May 8) that he believes the SEC must provide greater clarity around on-chain financial markets and that he continues to encourage Congress to pass the CLARITY Act to future-proof these efforts. In a speech delivered at the Special Competitive...
The legal fight over Illinois’ first-in-the-nation swipe fee law is headed back to federal district court. The U.S. Court of Appeals for the Seventh Circuit on Friday (May 8) vacated a lower-court decision in the challenge to the Illinois Interchange Fee Prohibition Act and remanded...
British competition regulators have launched an investigation into PayPal, Mastercard and Visa. The investigation is to determine whether the three companies engaged in “anti-competitive conduct linked to the funding and usage of PayPal’s digital wallet,” the Financial Conduct Authority (FCA) said in a Wednesday (May 6) press release. According to the FCA, the...
Watch more: TechReg With Richard Powers of Kressin Powers Gig work and digital employment have grown faster than the laws governing them. That gap is now drawing sustained attention from regulators and courts, as labor antitrust shifts from a niche specialty to a core concern...
The Securities and Exchange Commission (SEC) is investigating allegations of fraud in private credit markets, the agency’s chairman said Monday (May 4). Speaking at the Milken Institute’s Global Conference 2026, SEC Chairman Paul S. Atkins said: “There’s been allegations of fraud, and obviously I can’t...
Federal Reserve Governor Michael Barr is the latest official warning of private credit-related concerns. Stress in that market could lead to “psychological contagion” and thus set off a wider credit crunch, Barr said in an interview with Bloomberg News published Sunday (May 3). He told...