CFTC ANPRM on Sports Prediction Markets Oversight

The CFTC issued an ANPRM on March 12, 2026, seeking public comment on the regulatory treatment of event contracts in prediction markets, particularly those tied to sporting events. The 45-day comment period closes April 30, 2026. The ANPRM addresses concerns about contracts tied to individual players and officiating decisions being susceptible to manipulation, while emphasizing the importance of league data and integrity controls.

US regulators tighten AIRe funded reinsurance rules

US insurance regulators, led by NAIC, have adopted AG 55 requiring enhanced cash-flow testing for asset-intensive reinsurance ceded to offshore reinsurers. The guideline took effect following NAIC's 2025 Summer Meeting adoption and addresses concerns about reserve adequacy and asset quality supporting cross-border reinsurance transactions. Multi-jurisdictional coordination efforts are intensifying across Bermuda, EU, UK, and Singapore.

Cayman Islands Investment Funds Regulatory Update - CRS Amendments and Tokenised Funds Framework

The Cayman Islands Monetary Authority and Tax Information Authority have implemented several significant regulatory changes for investment funds. CRS amendments aligning with OECD's CRS 2.0 framework took effect 1 January 2026, with revised registration deadlines (30 April 2026 for 2025 FIs, 31 January 2027 for new FIs), new Principal Point of Contact Cayman residency requirements, and extended 2026 reporting deadlines to 30 June 2027. Three new amendment bills establish the first comprehensive legal framework for tokenised investment funds, treating tokenised funds within the existing funds regime rather than as standalone virtual asset issuers. CIMA has also introduced mandatory 2025 Prudential Information Survey for SIBA-registered persons.

Prediction Markets and Your Compliance Program – Conflicts of Interest and Reputational Risks

Ropes & Gray LLP published guidance on April 2, 2026 alerting companies to conflicts of interest and reputational risks from employee participation in prediction markets. The alert advises that companies where employees have access to nonpublic information, client intelligence, licensed data, or proprietary analytical expertise should assess whether their compliance frameworks adequately address these risks. The guidance recommends updating codes of conduct and pre-clearance systems to specifically address prediction market activity.

UK Pensions Regulatory Updates: TPR Virgin Media Remedy Guidance, Master Trust Reserving, Beckmann Rights

The Pensions Regulator published guidance addressing historic invalid scheme amendments following the Virgin Media decision, providing practical steps for remediation under prospective Pension Schemes Bill provisions. TPR also updated master trust reserving guidance with revised thresholds and a scheme-specific approach, and a new court judgment clarified Beckmann rights limitation periods as a single six-year breach at point of redundancy rather than ongoing with each payment.

Acting CFPB Director Vought requests $75.8M funding for Q3 FY2026

Acting CFPB Director Vought requests $75.8M funding for Q3 FY2026

Integrates TennCare Bureau into Statewide Planning and Policy Council

Tennessee Governor signed SB2167 into law on April 1, 2026. The bill integrates the Bureau of TennCare into the statewide planning and policy council by adding the director of long-term care services and a managed care organization representative to its membership. The council's advisory and reporting duties are expanded to include TennCare's director, services, and waiver implementation alongside existing department programs.

Tennessee School Food Dye Ban

Tennessee enacted SB2423 prohibiting Local Education Agencies and public charter schools from selling or providing foods containing seven specified artificial dyes (Allura Red AC, Erythrosine B, Tartrazine, Sunset Yellow FCF, Erioglaucine disodium salt, Indigo carmine, Fast Green FCF) through school nutrition programs. The law, signed by Governor on March 25, 2026 and effective April 2, 2026, amends TCA Title 49, Chapter 6.

Resolution Supporting Dismantling U.S. Department of Education

The Tennessee General Assembly adopted Senate Joint Resolution 0650 on March 30, 2026, expressing formal support for dismantling the U.S. Department of Education and restoring education authority to state governments. The resolution passed the Senate 27-6 after committee review and was signed by Governor Bill Lee. This non-binding resolution communicates Tennessee's policy position to federal policymakers.

Bennington Charter Amendments - Town Manager Authority

The Vermont General Assembly passed H0694, approving amendments to the Town of Bennington charter concerning Town Manager provisions. The bill passed the House on February 25, 2026, and the Senate on April 2, 2026, completing the legislative process. These are local municipal governance amendments requiring state legislative approval per Vermont charter amendment procedures.