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Polymarket Chief Legal Officer: Lawsuit Filed Against Massachusetts in Federal Court

2 hours ago

On February 10, Polymarket Chief Legal Officer (CLO) Neal Kumar took to X to announce the firm has filed a lawsuit against the state of Massachusetts in federal court. Kumar emphasized that U.S. Congress has granted the Commodity Futures Trading Commission (CFTC) exclusive federal jurisdiction over event contracts—superseding state authority. Since these markets operate nationally, he noted, key issues must be resolved in federal court. States like Massachusetts and Nevada’s attempts to shut down Polymarket US and other prediction markets via state courts cannot override federal law and would cause them to miss out on opportunities to build future markets, Kumar added. While pursuing resolution in federal court, Kumar stated he remains willing to engage with other states and advocate for user rights.
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Ethereum Price Drops Below $2000

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Bitcoin Falls Below $69,000

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Jiang Zhuo'er: US Stock Funds' Understanding of ETH Still in the 2014-2015 Stage of the Crypto Community, ETH/BTC Exchange Rate May See Second Sharp Rise in 2026-2027

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South Korean publicly traded company Parataxis Korea increased its holdings by 50 Bitcoins, bringing the total holding to 200 Bitcoins

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