10/15/2026 9:37:02 PM SEC Approval Opens the Door to Event-Based Trading in the Securities Markets By Dan Davis Matt Kluchenek James Brady Alex Kim Alex San Martin +2 more... Show less Prediction-market-style trading is entering the securities markets. On October 13, the Securities and Exchange Commission (SEC) approved...
10/12/2026 9:24:01 PM CFTC Draws the Line Between Event Contracts and “Casino-Style Gambling Products” By Dan Davis Matt Kluchenek Alex Kim Alex San Martin +1 more... Show less The Commodity Futures Trading Commission (CFTC or the Commission) has moved to clarify and codify the distinction under the Commodity...
10/6/2026 8:44:22 PM The CFTC Sets its Sights on Retail Leveraged Crypto Transactions By Dan Davis Matt Kluchenek Alex Kim Alex San Martin +1 more... Show less The Commodity Futures Trading Commission (CFTC) has taken another significant step towards developing a broader federal regulatory...
8/28/2026 10:55:34 PM Sports Bets or Swaps? Ninth Circuit’s Controversial Kalshi Ruling Deepens the Divide By Alex Kim Alex San Martin Does federal derivatives law preempt state gaming regulations when a prediction market lists sports-related contracts as swaps? In...
7/15/2026 10:29:47 PM FINRA Considers Substantial Changes to Enforcement Program By Patrick Smith Michael Diver Michael Lohnes Patrick Fallon +1 more... Show less On June 30, the Financial Industry Regulatory Authority (FINRA) released a report (Report) prepared by two outside experts tasked with...
6/18/2026 6:22:43 PM Five Predictions for Tokenization in 2027 By Matt Kluchenek Dan Davis Michael Didiuk Adam Bolter +1 more... Show less At the recent Crypto with Katten symposium, co-sponsored with the Investment Advisers Association (IAA), Katten hosted a panel on “The...
6/17/2026 2:51:04 PM Supreme Court Rejects Implied Private Right of Action Under Section 47(b) of the Investment Company Act of 1940 By Kevin Broughel Sarah Eichenberger Michael Didiuk Adam Bolter Zoe Lo +2 more... Show less On June 11, the Supreme Court, in a 6-3 decision authored by Justice Amy Coney Barrett, joined by Justices John G. Roberts, Clarence...
6/10/2026 9:53:54 PM Cboe Defends Proposed Disruptive Trading Rule in Response to Industry Pushback By Christian Kemnitz Peter Wilson Zachary Schmitz Casey McClaren Jessica Gracik +2 more... Show less Following the SEC’s determination to seek public comments regarding Cboe’s proposed Rule 8.23 governing disruptive trading practices...
6/10/2026 8:43:44 PM CFTC Eliminates ‘No-Deny’ Settlement Policy By Christian Kemnitz Brian Poronsky Sam Bevenour Alexa Warner +1 more... Show less On June 3, 2026, the Commodity Futures Trading Commission (the CFTC or Commission) rescinded its longstanding policy requiring defendants...
6/4/2026 8:59:55 PM The Supreme Court Rejects Further Limits on SEC Disgorgement By Patrick Smith Richard Marshall Susan Light On June 4, 2026, in Sripetch v. SEC, No. 25–466, the Supreme Court unanimously held that the Securities and Exchange Commission (SEC)...
5/28/2026 11:16:00 PM Keeping Tabs: CFTC and DOJ Charge Software Engineer with Insider Trading for Prediction Market Trades By Christian Kemnitz Matt Kluchenek Brian Poronsky Zachary Schmitz +1 more... Show less Following on the heels of the highly publicized first criminal and civil case charging insider trading in prediction markets, the US...
5/22/2026 7:06:08 PM SCOTUS Rules Federal Courts Retain Jurisdiction in Post-Arbitration Proceedings: Implications for FINRA and NFA Arbitrations By Brian Poronsky Ben Levine Last week, the Supreme Court held that federal courts that compel arbitration and stay a case pending completion of that arbitration...
5/22/2026 5:54:02 PM Self-Reporting and Cooperation 3.0: CFTC Enforcement Division’s New Policy Offers a Clearer Path to Declination By Dan Davis Christian Kemnitz Matt Kluchenek Brian Poronsky Zachary Schmitz Mitchell Caminer Alexa Warner +4 more... Show less Building on recent public statements by Commodity Futures Trading Commission (CFTC or Commission) Enforcement Director David Miller,[1]...
5/22/2026 2:34:24 PM Breaking New Ground: SEC and NFA Sign First-Ever Memorandum of Understanding By Alex Kim Michael Didiuk Matt Kluchenek The Securities and Exchange Commission (SEC) and the National Futures Association (NFA) announced an unprecedented step in regulatory...
5/19/2026 6:22:02 PM A Major Change in SEC Enforcement Settlements: SEC Rescinds ‘No-Deny’ Policy By Susan Light Wayne M. Aaron Michael Diver Christian Kemnitz Michael Lohnes Richard Marshall +3 more... Show less On May 18, 2026, the Securities and Exchange Commission (SEC) announced that it had rescinded its longstanding “no-deny” (gag) settlement...
5/14/2026 9:17:17 PM SEC's Second Podcast Spotlights a 'Spring Cleaning' of Corporate Disclosure By Michael Didiuk Adam Bolter Lori Jacobs Alexa Warner +1 more... Show less On May 12, the Securities and Exchange Commission (SEC) released the second episode of its podcast, Material Matters, with Chairman Paul...