The US Commodity Futures Trading Commission has sued Wisconsin in the agency’s fifth lawsuit against a US state to assert jurisdiction over prediction markets. The US Commodity Futures Trading Commission on Tuesday sued the state of Wisconsin in the agency’s latest effort to assert jurisdiction over prediction markets after the state sued multiple platforms. The CFTC said in a statement that it filed the lawsuit against Wisconsin “in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, five CFTC-regulated prediction markets.” “States cannot circumvent the clear directive of Congress,” CFTC Chairman Michael Selig said. “Our message to Wisconsin is the same as to New York, Arizona, and others: if you interfere with the operation of federal law in regulating financial markets, we will sue you.” Read more
Robinhood’s Q1 earnings per share and revenue figures missed industry expectations, sending the company’s shares down nearly 10%. Online trading platform Robinhood fell 9.4% in after-hours trading after its Q1 revenue missed analyst estimates, while crypto revenue and trading volume fell nearly 50% from a year ago. Robinhood’s crypto transaction revenue fell 47% year-on-year from $252 million to $134 million, while crypto trading volume fell 48% to $24 billion over the same period, according to the company’s Q1 earnings report on Tuesday. Robinhood’s transaction-based crypto revenue fell for the third consecutive quarter in Q1. Source: Robinhood Read more
Britain’s King Charles and Donald Trump hailed their countries’ longstanding ties at a White House state dinner Tuesday – despite the US president claiming the monarch agreed with him on Iran’s nuclear weapons. Over a lavish meal, Charles echoed the tone of his earlier speech to Congress in which he urged London and Washington to stick together, without directly mentioning the tensions over the US-Israeli war with Tehran. But in his toast to a gala dinner attended by tech titans and golfer Rory McIlroy, Trump made his first public comments on the sensitive topic during the four-day visit by the British royals. US President Donald Trump and Britain’s King Charles III raise a toast during a State Dinner in the East Room of the White House in Washington, DC, on April 28, 2026. — AFP “We have militarily defeated that particular opponent,” Trump said at the White House dinner. “Charles agrees with me even more than I do — we’re never going to let that opponent have a nuclear weapon.” Trump has repeatedly lambasted...