This Week in Crypto Law (November 1, 2026)

Law and Ledger is a news segment focusing on crypto legal news, brought to you by Kelman Law – A law firm focused on digital asset commerce. This week brought significant developments concerning prediction markets, offshore exchanges, digital-asset taxation and international crypto fraud. The United Kingdom advanced two tax reforms intended to treat certain digital-asset transactions according to their economic substance, while U.S. authorities escalated efforts against both state prediction-market enforcement and overseas scam operations. On October 27, the Commodity Futures Trading Commission announced that it had filed suit against Utah , seeking to prevent the state from using its gambling laws to restrict CFTC-registered prediction markets. The lawsuit followed Utah’s October 20 civil enforcement action against Kalshi and related entities.

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