#new-york-lawsuit

#new-york-lawsuit

The CFTC intensified its prediction markets fight on April 24, 2026, by suing the state of New York in federal court. The case marks another escalation in an ongoing conflict over whether event contracts should be treated as federally regulated financial derivatives or state-regulated gambling products.

EWS designed Zelle without critical safety features, allowing scammers to easily target users and steal over $1 billion. Zelle allegedly lacked important verification steps during registration that allowed users to sign up with accounts that closely mimicked known brands.