Worldwide: Commodities/Derivatives/Stock Exchanges

Federal and state authorities clash over prediction market regulation as the CFTC asserts exclusive jurisdiction while states pursue criminal prohibitions.

On May 5, 2026, the Securities and Exchange Commission (SEC) proposed rule and form amendments that would give companies the option to file semiannual reports on new Form 10-S rather...

On May 1, the CFPB finalized a substantially revised Section 1071 rule, which implements the small business lending data collection and reporting requirements under the Equal Credit Opportunity Act (ECOA)...

Earlier this week, the SEC, together with the CFTC, proposed amendments to Form PF (the "Proposal").[1] The Proposal, if adopted, would be a welcome change for many sponsors, as the reporting requirements for private fund advisers would become more streamlined and less burdensome and the scope of advisers required to complete all or parts of Form PF would be narrowed.

The CFTC brings its first-ever insider trading charges involving prediction markets against a U.S. service member who allegedly used classified military information to profit on Polymarket. This landmark enforcement action, alongside multiple federal preemption lawsuits against states, signals the agency's aggressive stance on establishing exclusive jurisdiction over prediction markets and protecting market integrity in this rapidly evolving space.

Baker Botts lawyers examine the evolving regulatory landscape for digital assets, from the GENIUS Act's stablecoin framework to SEC guidance on crypto asset classification. How will these new rules reshape market access for institutional players, foreign issuers, and emerging technologies at the intersection of blockchain and artificial intelligence?

Tokenization is transforming institutional markets by converting ownership rights in real-world assets into digital tokens recorded on blockchain infrastructure.

On March 19, 2026, the federal banking agencies issued a package of proposed changes to the regulatory capital requirements for banking institutions of all sizes, from the largest GSIBs and super-regional banks to community banks (the “Proposed Rules”). This package of proposals is a second full attempt at implementing the 2017 “Basel III Endgame” international framework—following the agencies’ initial package of proposals in July 2023 (the “2023 NPR”)—to better reflect credit, trading and operational risk in the calculation of minimum regulatory capital ratios.

On April 16, a three-judge panel of the U.S. Court of Appeals for the Ninth Circuit heard consolidated oral arguments in appeals brought by KalshiEX LLC, North American Derivatives Exchange Inc. (Crypto.com)...