The memorandum of understanding with CFTC Chair Michael Selig comes as many US state authorities are cracking down on sports event contracts on prediction markets.

The prediction markets co-founder said that the company would “abide by court decisions” but signaled that the charges were based partly on political bias and media attention.

The Wyoming Republican said the main issue holding up the bill's passage was stablecoin yield, adding that she believed a provision on DeFi had been “put to bed.”

The interpretative notice included information on token taxonomy and what digital assets the regulator would consider a security under federal law.

The BETS OFF Act from two Democratic lawmakers came in response to several “highly unusual bets” on the US-Israel conflict with Iran, suggesting insider information.

A Kalshi spokesperson said that the criminal case was based on ”paper-thin arguments” and claimed the company was exclusively under federal jurisdiction.

The no-action position taken by the US regulator under Chair Michael Selig will allow the company to engage in certain activities without registering as a broker.

Unlike previous years, only a handful of official events at the 2026 version of the iconic Austin festival featured crypto.

Dubbed “Operation Atlantic,“ the effort involves law enforcement agencies from the three countries and is aimed at preventing phishing attacks involving cryptocurrencies.