The CLARITY Act has been a very long time coming, with some trade specialists now saying the White House is setting a March 1 deadline for either side to succeed in a unanimous settlement. On February 10, the White House hosted a stablecoin yield assembly, some of the contentious parts of the invoice, bringing collectively…
If there’s a phrase to summarize Commodity Futures Trading Commission (CFTC) Chairman Mike Selig’s method to prediction markets, it’s this: “versatile guardrails.” At first, that doesn’t make sense: A guardrail that bends and flexes wouldn’t be probably the most dependable in holding, let’s say, a runaway automotive from tumbling over the aspect of a cliff….
Rep. Dina Titus has introduced plans for a federal legislative proposal geared toward proscribing sports-related prediction markets, posting particulars about what she referred to as the Fair Markets and Sports Integrity Act Tuesday on X. The Nevada Democrat mentioned the proposal is meant to forestall prediction market platforms from providing contracts tied to sporting occasions…
As followers basked in the afterglow of Super Bowl LX (and replayed the Bad Bunny Halftime Show), they could not have observed that the battle between Massachusetts and prediction markets, Kalshi and Polymarket, hit a brand new degree. On Feb. 9, a Massachusetts choose denied Kalshi’s emergency movement to remain an injunction barring its sports…
The federally-regulated prediction market house is already crowded, and filings with the Commodity Futures Trading Commission (CFTC) counsel it may change into much more so within the 12 months forward. Over the previous 12 months, numerous corporations have submitted purposes to function as a Designated Contract Markets (DCM), the regulatory approval required to listing futures…
Prediction markets tracked the rise of Zohran Mamdani’s mayoral victory. Now, they’re seemingly placing one in all his marketing campaign desires into motion. In an odd twist, each Kalshi and Polymarket have opened “free” grocery shops in New York City. In an odd twist, each Kalshi and Polymarket have opened “free” grocery shops in New…
A serious US crypto regulation invoice cleared an necessary hurdle on Thursday, however the way it handed made one factor clear: The CLARITY Act is popping right into a partisan invoice as political stakes round crypto are rising. The Senate Agriculture Committee advanced its portion of a long-debated crypto market construction invoice on January 30, approving…
Robinhood has introduced plans to maneuver deeper into the crypto realm, to convey tokenized shares, DeFi-style options, and 24/7 buying and selling to the mainstream. CEO Vlad Tenev says the retail-focused buying and selling app plans to roll out self-custody, lending, staking, and round the clock buying and selling for tokenized US equities within the…
U.S. monetary regulators on Thursday afternoon moved to current a unified entrance on digital asset oversight, because the heads of the Securities and Exchange Commission (SEC) and Commodity Futures Trading Commission (CFTC) convened a joint public “harmonization” assembly geared toward displaying how the 2 our bodies can work collectively on crypto regulation. The event was…
A brand new derivatives change affiliated with sports-focused platform Novig has entered the federal regulatory pipeline. Ludlow Exchange, LLC not too long ago appeared within the Commodity Futures Trading Commission’s (CFTC) trade filings portal as a pending Designated Contract Market (DCM) applicant, in accordance with the company’s public listings. The submitting is notable as a…