Novig Trading Surges 94% After Ad
Novig’s trading volume surged 94% post-Sydney Sweeney ad, with app downloads up 187% and valuation rising to $2B. #Update #Crypto
Prediction markets
Prediction Markets Surpass Polls in Brazil
Brazil’s election heads to a runoff as Bolsonaro outperforms Lula, prediction markets beat traditional polls. Lula surprised by results. #Update #Politics
CFTC Defines Event Contracts as Swaps
The CFTC submitted two rules to the White House on Sept. 28 to redefine swaps, including event contracts and excluding casino-style gambling, impacting regulatory jurisdiction. Legal
Crypto.com Faces Oversight Probe on Identity
House Oversight Chair Comer investigates @cryptocom, Hyperliquid, and PredictIt for identity checks, marking a pivotal regulatory move in the digital asset space. #Update #Legal
CFTC Seeks Event Contract Definitions Defying States
The U.S. CFTC proposes new rules defining event contracts as swaps, potentially countering state gambling claims against prediction markets like Kalshi, with implications for ongoing lawsuits. #Update #Legal $BTC $ETH
CFTC Targets Prediction Market Promotions
The CFTC is reviewing prediction market incentive programs, with action expected this week. Concerns include “risk-free” trades and unlimited rebates. Companies like @Kalshi and @Polymarket may be impacted. #Update #Legal
Kalshi Deal Fallout: Director Resigns
NCPG Executive Director Heather Maurer resigns amid controversy over $2M Kalshi donation; Michigan and Ohio regulators withdraw support. #Breaking #Legal
Kalshi Eyes $1B Investment Surge
Kalshi is negotiating a $1B raise at a $40B valuation, with Sequoia and Wellington leading amid regulatory challenges. #Update #Finance
SEC Targets 3 Platforms in Probe
Rep. Comer demands trading records from @Hyperliquid, @cryptocom, and Predictit amid insider trading probe involving $150M profit from a $1.1B short. #Breaking #Legal
Bitcoin Eyes $100K by 2026 34% Chance
Kalshi’s Bitcoin $100K-in-2026 contract fluctuated from 17% to 43%, now at 34%. Polymarket’s similar contract is at 34.5%, with March 2027 near 50%. #Update #Crypto $BTC
SEC Blocks Kalshi in Two-State Defeat
The Sixth Circuit ruled against @Kalshi, allowing Ohio and Tennessee to enforce gambling laws on its prediction markets. Pending Maryland decision in Fourth Circuit. #Update #Legal
Ethereum Solana Zcash Face Price Volatility
Polymarket traders give $ETH a 70% chance to hit $3,000 with $16.12M volume; $SOL and $ZEC targets show mixed odds. #Update #Crypto $ETH
SEC Sues Polymarket for Illegal Gambling
New York Attorney General Letitia James and Governor Kathy Hochul sue @PolymarketUS for alleged illegal gambling, seeking to halt operations and impose fines. #Breaking #Legal
Kalshi Faces Setback as Court Rules Against Sports Contracts
Another appeals court ruled against @Kalshi, stating its sports contracts fall under state regulations, not federally regulated swaps. This impacts competition with state gambling platforms. #Update #Legal