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The CFTC escalates its jurisdictional battle over prediction markets while federal banking regulators propose sweeping changes to the CAMELS rating system. Meanwhile, states and foreign governments implement new restrictions on prediction-market platforms, and Tennessee introduces a tax on international money transmissions as the Federal Reserve unveils a new payment account framework.

On May 28, 2026, Secretary of State Marco Rubio announced the designation of Comando Vermelho (CV) and Primeiro Comando da Capital (PCC), two of Brazil’s largest criminal organizations, as Specially Designated Global Terrorists (SDGTs), and the U.S. Department of State’s intent to designate both groups as Foreign Terrorist Organizations (FTO), effective June 5, 2026.

I was honored to present once again at the American Conference Institute’s (ACI) Annual Summit on PFAS Regulation, Compliance and Litigation, this year as part of a great state regulatory panel.