Novig wins CFTC approval as competition intensifies in sports prediction markets - CNBC

The federal court ruled that Washington's shifting regulatory approach to crypto cannot retroactively vacate established court judgments.

A US federal judge has rejected a joint request by crypto exchange Gemini and the Commodity Futures Trading Commission (CFTC) to overturn a $5 million settlement, despite the regulator’s conclusion that it would not have pursued the case under current enforcement standards. On Thursday, US District Judge Alvin Hellerstein ruled that changes in CFTC enforcement priorities and allegations of misconduct by its enforcement division did not justify overturning the January 2025 settlement. On May 27, the CFTC and Gemini jointly asked the court to overturn the settlement after an internal agency review found alleged misconduct by the regulator’s enforcement division, including reliance on a questionable whistleblower, improper regulatory pressure and efforts to prevent the disclosure of evidence. The ruling leaves intact a permanent injunction barring Gemini from making false or misleading statements to the CFTC. The settlement also prohibits Gemini from publicly denying its findings, although the regulator said in June that it would no longer enforce such restrictions.

Another gem from ace Drew Rasmussen and just enough offence from their high-pressure lineup paced the Rays to a win over the Guardians on Sunday.

Sacramento Kings guard Ben Simmons has sustained a torn Achilles tendon and will undergo surgery, the team announced Sunday. This is likely a season-ending injury for Simmons, 30, who authored an impressive training camp on short notice for Sacramento. The injury occurred during a live drill at Sunday's practice, the team said. A three-time All-Star, Simmons agreed to a one-year, $3.5 million contract with the Kings on Sept. 4. Healthy at the time of the deal, the 6-foot-10, 240-pound guard impressed Kings general manager Scott Perry when he worked out for Perry in Miami and had an hourlong meeting in late August. "I've faced challenges before that tested me mentally, physically and emotionally, and I've found a way through every single one of them," Simmons wrote in a statement posted on social media. "This injury is another chapter in my journey, not the end of my story. "Simmons also traveled to Sacramento last month to visit the Kings and impressed coach Doug Christie and other members of the basketball staff at the team's practice facility, where Simmons underwent an in-depth medical exam and conducted an on-court workout.