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CFTC Sues Rhode Island To Block State Prediction Market Enforcement

The CFTC moved to intervene in Rhode Island federal litigation to stop the state from applying gambling laws to CFTC-registered contract markets. The case escalates the federal-versus-state jurisdiction fight over prediction markets and affects Kalshi, Polymarket and Crypto.com style event-contract access models.

High impact🇺🇸 United StatesRegulationEnforcementExchangeCFTCKalshiPolymarketCrypto.com

APAC FINSTAB analysis

Although this is outside core APAC, it is relevant because global market-structure, enforcement, and stablecoin precedents often shape licensing expectations for APAC exchanges, issuers, custodians, and DeFi teams. Named institutions or platforms: CFTC, Kalshi, Polymarket, Crypto.com. Teams should monitor the original source, map the change to licensing, custody, disclosure, and market-access obligations, and update their jurisdiction playbooks before the next compliance review.

Compliance read-through: map this event to entity licensing, market-access, custody, disclosure, token listing, and operational-risk obligations before expanding or marketing in the affected jurisdiction.

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Related policy events

Korean Police Probe Alleged Pressure On Upbit Stablecoin Fee Promotion

South Korean police are reportedly investigating allegations that a former aide to lawmaker Kim Byung-gi pressured financial regulators to push Upbit operator Dunamu to end USDC and USDT fee discounts. The case raises regulatory-capture and fair-competition risk around exchange stablecoin pricing.

High impact🇰🇷 South KoreaEnforcementExchangeStablecoinRegulationUSDCUSDT
APAC FINSTAB analysis → Original source ↗

MiCA CASP Register Shows Narrow Class 3 Exchange Authorization Path

Policy-channel coverage of the post-transition MiCA register showed that only a limited set of platforms appear to hold higher-risk trading-platform authorization while several global exchanges are absent or listed under narrower service classes. The distinction matters because EU access depends on service scope, not merely a generic CASP presence.

High impact🌐 EULicensingExchangeRegulationBTCETHUSDTUSDC
APAC FINSTAB analysis → Original source ↗

Pakistan Regulator Calls For Separate Sharia Review Of Stablecoins And Tokenized RWA

Pakistan Virtual Assets Regulatory Authority chair Bilal bin Saqib said stablecoins, tokenized real-world assets and blockchain products should receive separate technical and Sharia assessments rather than be treated as one category. The position creates a policy template for Islamic-finance review of digital assets across Pakistan, the Gulf and Southeast Asia.

Medium impact🇵🇰 PakistanRegulationStablecoinTokenizationUSDTUSDC
APAC FINSTAB analysis → Original source ↗