Latest news on Regulations
US Senate Bars Itself from Prediction Market Trading After Insider Scandal
By Loic Dos Santos | 1 month ago
Senators Shut Out of Political Bets On Thursday, the United States Senate unanimously enacted a resolution that immediately prohibits senators and their staff from participating in prediction markets...
Kraken Parent Payward to Acquire Bitnomial for $550 Million, Cementing U.S. Crypto Derivatives Ambitions
By Loic Dos Santos | 2 months ago
Kraken Expands U.S. Derivatives Ambitions Payward, the parent company of Kraken, has entered into a definitive agreement to acquire Bitnomial in a deal valued at up to $550 million in cash and stock...
Hong Kong Awards First Stablecoin Licenses to HSBC and Anchorpoint
By Loic Dos Santos | 2 months ago
Only Two Licenses From 36 Applicants Hong Kong has granted its inaugural stablecoin issuer licenses to just two entities: HSBC and Anchorpoint Financial...
Nevada Judge Extends Ban on Kalshi Sports Prediction Markets, Deepening State-Federal Divide
By Loic Dos Santos | 2 months ago
State Court Sides With Gaming Board On Friday, March 29, a Nevada state judge extended a temporary ban on Kalshi’s sports event contracts, reinforcing the state’s position that these products amount to unlicensed gambling...
Coinbase Gets Conditional Green Light for US National Trust Charter—But Not a Bank
By Loic Dos Santos | 2 months ago
What Coinbase Can—and Can't—Do Coinbase has secured conditional approval from the U.S. Office of the Comptroller of the Currency (OCC) to form a national trust company, a move that could reshape its custody business but stops short On.....
Circle Stock Plunges 20% as Lawmakers Eye Stablecoin Yields, Tether Ups Audit Game
By David E | 2 months ago
Lawmakers Target Stablecoin Yields—But How? Circle’s stock (CRCL) suffered its worst trading day since going public, tumbling just over 20% to close at $101.24 on Tuesday...
Brazil’s Election Year Puts Crypto Tax Plans on Ice
By David E | 2 months ago
Election Season Pauses Crypto Tax Overhaul Brazil’s new finance minister, Dario Durigan, has put the brakes on a sweeping overhaul of cryptocurrency taxation, shelving a public consultation process that was originally planned for later in.....
Kalshi’s $22 Billion Surge Collides With Nevada Ban
By Loic Dos Santos | 3 months ago
Kalshi’s Meteoric Rise Meets Legal Storm Kalshi Inc., the New York-based prediction market platform, has seen its valuation rocket to $22 billion after closing a $1 billion funding round led by Coatue Management...
Kalshi Faces Nevada Ban as Legal Storm Intensifies Across States
By David E | 3 months ago
Nevada Court Slams Brakes on Kalshi Kalshi, the New York-based prediction market platform, is now barred from offering bets in Nevada for at least two weeks after a state court issued a temporary restraining order on Friday...
SEC and CFTC: Most Crypto Assets Escape Securities Classification
By Loic Dos Santos | 3 months ago
Most Tokens Dodge Securities Label On Tuesday, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) jointly clarified that the majority of crypto assets—including Bitcoin mining rewards,.....
