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Firm News

Katten Represents Processa Pharmaceuticals in Acquisition of Vidya Therapeutics

Katten represented Processa Pharmaceuticals, Inc., a clinical-stage pharmaceutical company headquartered in Vero Beach, Florida, in its acquisition of Vidya Therapeutics, Inc., a clinical-stage biotechnology company. Concurrent with the acquisition, Processa entered into a private placement financing expected to generate approximately $200 million in gross proceeds from a syndicate of leading healthcare investors.

Advisory

UK – US Stablecoins: What UK and US Publications Signal for the Future of Digital Financial Services

On 14 July 2026, the UK and US published a Joint Statement on Stablecoins following the UK-US Financial Regulatory Working Group. At the same time, both governments published accompanying policy papers setting out their respective approaches to stablecoins and the future development of digital financial services.

Advisory

IRS Issues Transfer Tax Safe Harbor for Contributions to Trump Accounts

The IRS recently released Revenue Procedure 2026-25, which establishes a transfer tax safe harbor for certain contributions to Trump Accounts. The guidance appears to be designed to address a concern many in the Private Wealth space have flagged: that contributions to these accounts could constitute gifts of future interests that do not qualify for the annual exclusion, thereby triggering a gift tax return filing obligation.

Advisory

Restructuring Plans: An emerging alternative to Chapter 11 for US companies?

The restructuring plan (RP) is the most powerful restructuring tool available in the UK. It was introduced in 2020 against the backdrop of the economic difficulties caused by the COVID-19 pandemic. Since its introduction, over 50 RPs have been successfully sanctioned for companies ranging in size and in many different industries.

Advisory

Game Plan or Game Changer? The CFTC Proposes New Rules for Event Contracts and Prediction Markets

The Commodity Futures Trading Commission (the CFTC or Commission) issued a notice of proposed rulemaking on June 10, 2026, seeking public comment on proposed amendments to CFTC Regulation 40.11. The proposed amendments further specify the types of event contracts that may be subject to a public interest determination under Section 5c(c)(5)(C) of the Commodity Exchange Act (CEA), i.e., the "Special Rule" that authorizes the CFTC to prohibit the trading or clearing of certain event contracts on or through CFTC-registered entities.

Article

Trading on Tomorrow: The Economics and Rise of Prediction Markets

The prediction markets industry reached a significant milestone. The US Commodity Futures Trading Commission (CFTC) announced the adoption of a Notice of Proposed Rulemaking (NPRM) that proposes a clearer regulatory framework for event contracts and signals the agency’s continued focus on a sector that has experienced rapid growth and increased public attention.