The SEC approved an amendment to a national market system plan governing extraordinary market volatility to establish the first phase of price band protections for overnight trading.
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The U.S. District Court for the District of Connecticut denied preliminary injunction motions by KalshiEX LLC and Coinbase Financial Markets, Inc., ruling that sports-event contracts are likely not federally regulated swaps and that Connecticut's gambling laws are not preempted.
Oklahoma State Treasurer Todd Russ praised J.P. Morgan Chase for pulling back from ESG and DEI commitments, saying the bank had refocused its business practices on fiduciary duty and financial returns for public investments.
The CFTC's Division of Market Oversight and its Market Participants Division warned regulated entities that list, solicit, or accept event contracts to display clear and accurate pricing information and avoid misleading consumers.
FinCEN renewed a Geographic Targeting Order requiring banks and money transmitters in Hennepin and Ramsey Counties, Minnesota, to report specified international fund transfers of $3,000 or more.