The NFL despatched letters to Kalshi and Polymarket on Sunday demanding the prediction market platforms “chorus from providing trades on occasions that may be simply manipulated or decided prematurely,” and the CFTC simply handed the league vital institutional leverage to again that demand. CFTC Chairman Michael Selig informed ESPN sports activities betting correspondent David Purdum…
The Senate Banking Committee is focusing on the week of April 13 for Kevin Warsh confirmation listening to as Federal Reserve chair, citing two sources acquainted with the matter. The timeline places Warsh on a direct path to exchange Jerome Powell earlier than his May 15 time period expiration – and it places a identified…
The UK Foreign, Commonwealth & Development Office sanctioned Xinbi, a Chinese-language crypto assure market that processed $19.9 billion in illicit flows between 2021 and 2025, slicing it off from the worldwide crypto ecosystem efficient March 26, 2026. The designation freezes all UK-linked belongings, bars British banks, crypto companies, and people from transacting with the platform,…
India Central Bureau of Investigation has arrested a Mumbai-based suspect it identifies as a key trafficking kingpin who funneled Indian nationals into crypto fraud compounds in Myanmar’s Myawaddy area, a cross-border enforcement motion that pulls collectively intelligence threads from Thailand, Myanmar, and Cambodia. The operation marks one among India’s most operationally particular strikes but towards…
A bipartisan group of senators launched the Public Integrity in Financial Prediction Markets Act of 2026 on Thursday, prohibiting authorities officers from utilizing nonpublic data to commerce prediction-market contracts and imposing fines equal to twice the income earned. It is the second prediction market invoice launched this week alone. That cadence isn’t a coincidence. It…
House Financial Services Committee rating Democrat Rep. Maxine Waters despatched a proper letter Thursday to Federal Reserve Bank of Kansas City President Jeff Schmid, demanding solutions on why Kraken’s banking subsidiary was granted a Federal Reserve grasp account, and what that entry really means in observe. Waters set an April 10 response deadline, asking Schmid…
Coinbase has once more refused to again the Digital Asset Market Clarity Act, telling the Senate this week it can not help the newest draft textual content, a model particularly engineered to deal with banking-sector objections over stablecoin yield. The revised invoice, circulated Monday and led by Senators Thom Tillis and Angela Alsobrooks, would prohibit…
A $100,000 Crypto bitcoin place now qualifies a borrower for a GSE-backed mortgage, however solely $40,000 to $50,000 of it really counts. FHFA Director William J. Pulte’s June 25, 2025 directive ordered Fannie Mae and Freddie Mac to simply accept cryptocurrency as monetary reserves with out requiring conversion to {dollars}, a direct reversal of Fannie…
South Korea’s political impasse over digital asset taxation has damaged below the load of market actuality. Lawmakers from each main events have agreed to delay the deliberate 20% Crypto Tax on positive aspects till 2027 following information revealing $110 billion in annual capital flight. This bipartisan reversal is a strategic pivot pushed by a retail…
The Commodity Futures Trading Commission (CFTC) approved a specialised Innovation Task Force on Tuesday to overtake CFTC crypto regulatory frameworks for crypto, synthetic intelligence, and prediction markets. This initiative marks the primary concrete step by Chair Michael Selig to transition U.S. derivatives oversight from an enforcement-based regime to a structured compliance pathway for decentralized protocols….