@Coinbase’s VP Ryan VanGrack challenges state regulators over prediction markets, claiming they misinterpret federal authority. Coinbase has filed lawsuits in multiple states amid cease-and-desist actions. #Update #Legal $BTC
@Kalshi penalized two users for insider trading, including MrBeast’s editor, Artem Kaptur, who was fined over $20K. Another user, Kyle Langford, received a 5-year ban for betting on his own candidacy. #Update #Legal
U.S. Commodity Futures Trading Commission Chairman Mike Selig asserts federal jurisdiction over prediction markets, challenging state regulations; Utah Governor Spencer Cox counters, labeling them as gambling. #Update #Legal $CFTC
Prediction markets are evolving from gambling to information monetization, with founders highlighting insider trading risks and the need for stronger governance amid rising trading volumes. #Update #Crypto
@JumpTrading plans to acquire small stakes in prediction markets Kalshi and Polymarket, providing liquidity in exchange for equity, as reported by Bloomberg. #Update #Crypto
@Opinion raised $20 million in a pre-Series A round, highlighting ongoing interest in prediction markets amid a weak crypto market, with plans to expand globally ahead of major events. #Update #Crypto $USDT
Bitcoin trades below $80,000 after a liquidation of over $500 million in long positions; options markets show increased demand for downside protection. #Update #Crypto $BTC
Coinbase’s report highlights three key areas for the crypto market in 2026: perpetual futures driving price discovery, evolving prediction markets, and stablecoins enhancing real-world transactions. #Update #Crypto $BTC $ETH
@Coinbase agrees to acquire The Clearing Company to enhance its prediction market, aiming for an all-in-one trading platform; deal expected to close in January. #Update #Crypto $COIN
Prediction markets are emerging as a new asset class with monthly volumes around $10 billion, driven by platforms like @Robinhood and Polymarket, despite regulatory risks. #Update #Crypto $BTC
@Phantom is launching prediction markets for its 20M users via a partnership with Kalshi, enabling trades on real-world events using Solana-based tokens. #Update #Crypto $SOL
The U.S. Commodity Futures Trading Commission issued no-action letters to @Polymarket, @PredictIt, @Gemini, and LedgerX/MIAX, easing recordkeeping demands for prediction markets under specific conditions. #Update #Legal $BTC $ETH
@Polymarket is hiring an in-house trading team to trade against customers, raising concerns about conflicts of interest and its identity as a prediction market. #Update #Crypto
Connecticut’s Department of Consumer Protection issued cease-and-desist orders to @Robinhood, @Kalshi, and @Crypto.com for unlicensed online gambling. Non-compliance may lead to penalties. #Breaking #Legal $USDT
