Prediction market platform Kalshi has appealed a ruling by the state of Nevada banning its event contracts, and the U.S. Ninth Circuit Court of Appeals held oral arguments on April 17, but did not issue an immediate decision after the hearing. The core dispute in the case is whether Kalshi’s event contracts are “swap agreements” that fall under the jurisdiction of the Commodity Futures Trading Commission (CFTC), or whether they must be regulated by state-level activity under gambling licensing regimes. Multiple legal experts predict that the case may ultimately be appealed to the U.S. Supreme Court.

On April 14, 2026, the State Bank of Pakistan lifted its crypto-assets banking ban that has been in place since 2018, officially kicking off the Virtual Assets Act 2026. Banks may open accounts for licensed virtual asset service providers, but must establish a segregation-of-funds mechanism to ensure that customers’ funds are not affected. This policy change responds to domestic demand and demonstrates Pakistan’s growing role on the international stage.

A U.S. federal district court ruled that Arizona is barred from bringing charges against prediction market platform Kalshi under gambling laws, finding that the Federal Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets. Kalshi, meanwhile, insists that its business falls under financial products rather than traditional gambling. Rulings by different states on prediction markets have varied, and the Trump family has also voiced support for prediction markets.

A U.S. federal district court ruled that Arizona cannot use its gambling laws to prosecute the prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, and Kalshi insists that its business is financial products rather than traditional gambling. Rulings on prediction markets vary across states, and the Trump family has also expressed support for prediction markets.

A U.S. federal district court ruled that Arizona is barred from using gambling laws to prosecute the prediction market platform Kalshi, finding that the Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in regulating financial markets, while Kalshi insists its business falls under financial products rather than traditional gambling. Rulings on prediction markets vary from state to state, and the Trump family has also expressed support for prediction markets.

A U.S. federal district court ruled that Arizona is prohibited from using its gambling laws to prosecute prediction market platform Kalshi, finding that the Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority in financial market regulation, while Kalshi insists that its business is a financial product rather than traditional gambling. Decisions regarding prediction markets vary from state to state, and the Trump family has also expressed support for prediction markets.

A U.S. federal district court ruled that Arizona is barred from using its gambling laws to prosecute prediction market platform Kalshi, finding that the U.S. Commodity Futures Trading Commission has exclusive jurisdiction. The ruling affects the boundary between state and federal authority over financial market regulation, and Kalshi insists that its business is a financial product rather than traditional gambling. Courts in different states have reached different decisions regarding prediction markets, and the Trump family has also expressed support for prediction markets.

White House analysis shows stablecoin yield restrictions deliver minimal lending gains, with banking liquidity largely preserved through reserve recycling, challenging core policy assumptions behind proposed legislation. Key Takeaways: White House analysis finds stablecoin yield ban lifts lending

Argentina's CNV now counts cryptocurrencies as assets for qualifying investors, enabling access to the $479K threshold. Although a 2022 ban restricts retail crypto services, banks are exploring blockchain, with potential policy changes anticipated under President Milei.

The Japanese government has amended the Financial Instruments and Exchange Act to classify crypto assets as financial instruments, a move that expands regulatory oversight and tightens the rules governing issuers, exchanges, and market conduct. According to Nikkei, the changes also ban insider