SIFMA and the Future Industry Association called on the CFTC to establish clearer regulatory standards for prediction markets.

A coalition of 41 attorneys general argued that the CFTC lacks jurisdiction over sports-related event contracts and urged the agency to prohibit event contracts tied to elections, military actions, and government decisions.

CFTC Chair Michael S. Selig identified several Dodd-Frank-era regulations he called unworkable and ripe for overhaul, pledging to replace a patchwork of temporary no-action letters with permanent rulemaking.

Sen. Elizabeth Warren and Rep. Maxine Waters urged Federal Reserve Vice Chair for Supervision Michelle Bowman to rescind proposals that would weaken bank stress testing frameworks.

The SEC sued a former executive at a biopharmaceutical company for misappropriating approximately $3.2 million in company funds and making materially false statements to auditors and investors.