A significant legal conflict has intensified between state regulators and the Commodity Futures Trading Commission (CFTC) concerning the oversight of prediction markets. This comes as New York Attorney General Letitia James joined 37 other state attorneys general in a brief…
Brazil has implemented a comprehensive prohibition on prediction markets and online betting platforms, a move aimed at enhancing investor protection and market integrity. The Brazilian Central Bank’s resolution specifically targets derivative contracts whose underlying assets are linked to events such…
The United States Department of the Treasury has announced sanctions against multiple cryptocurrency wallets linked to Iran. This action is part of a broader strategy to intensify economic pressure on the Iranian regime. The announcement follows closely on the heels…
Tennessee has enacted a statewide ban on cryptocurrency ATMs, classifying their operation and hosting as a misdemeanor. This legislative move, signed into law by Governor Bill Lee, prohibits the installation or use of virtual currency kiosks, commonly known as Bitcoin…
The U.S. Department of Justice has concluded its criminal investigation into Federal Reserve Chair Jerome Powell. This development removes a significant hurdle for the Senate’s confirmation of Kevin Warsh, who is slated to take over as the incoming central bank…
The DeFi Education Fund, alongside 35 other prominent figures in the cryptocurrency industry, is formally requesting that the Securities and Exchange Commission (SEC) convert its recent guidance on decentralized finance (DeFi) interfaces into established rulemaking. This follows an earlier statement…
The Wisconsin Department of Justice has initiated legal action against five prominent financial and cryptocurrency platforms, alleging that their offerings of sports event contracts constitute a violation of the state’s commercial gambling prohibition. The companies named in the lawsuits are…
Senior Republican figures reportedly contacted U.S. Commerce Secretary Howard Lutnick following a federal filing by a crypto-focused super Political Action Committee (PAC). The PAC, which received initial funding from Lutnick’s former firm, Cantor Fitzgerald, had indicated an intent to spend…
US Soldier Faces Charges for Alleged Insider Trading on Prediction Market A U.S. Army soldier has been arrested and charged by the Department of Justice for allegedly leveraging classified information to place bets on the prediction market platform Polymarket. The…
Jane Street has formally requested the dismissal of a lawsuit filed against it by Terraform Labs. The algorithmic trading firm is responding to accusations that its actions precipitated the collapse of the UST/LUNA algorithmic stablecoin. Terraform Labs had alleged that…