Kalshi US election betting live after court win
Betting on US political outcomes is permitted for the first time weeks ahead of the November presidential election. Go to Source
CFTC
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Prediction markets like Polymarket a ‘public good,’ more accurate than polls
While some say that prediction markets are a risk to democracy, others think they could serve the public by offering valuable insights and risk management tools. Go to Source
Coinbase urges court to reconsider appeal, cites SEC vs Ripple
The Securities and Exchange Commission (SEC) sued Coinbase in June 2023 and accused the company of selling unregistered securities. Go to Source
CFTC reportedly mulling accepting digital assets as trading collateral
The proposal faces multiple steps before approval, but its passage could ultimately be a boon for the digital assets market. Go to Source
Coinbase pushes CFTC for docs to defend against SEC
Coinbase wants the court to compel the CFTC to hand over its communications with certain crypto issuers, claiming its critical to its defense against the SEC. Go to Source
US appeals court greenlights election prediction markets
The ruling paves the way for election prediction markets to operate in the United States. Go to Source
CFTC Sues Over $3.6M Digital Asset Fraud Targeting Asian Americans
The U.S. Commodity Futures Trading Commission (CFTC) has initiated legal action against a fake trading platform and its associates for defrauding investors out of $3.6 million. The scheme, which targeted Asian Americans, involved soliciting funds in fiat and digital assets, with false promises of trading in commodity futures. Instead, the funds were misappropriated and diverted … Read more
Lawmaker Introduces Defi Bill — Calls Decentralized Finance ‘Essential to Future of Markets’
Congressman Warren Davidson has introduced the Evaluating Defi Opportunities Act to foster data-driven regulations for decentralized finance (defi). He stressed the importance of safeguarding innovation and user privacy while addressing concerns over potential overregulation. This proposed study by key financial regulators seeks to balance defi’s growth with oversight, ensuring the sector’s competitive edge and resilience … Read more
CFTC eyeing Polymarket, betting platforms amid US elections: Law Decoded
Polymarket and other offshore platforms are under CFTC scrutiny for compliance, and the SEC and German authorities are ramping up crypto crackdowns. Go to Source
Court Orders New York Man to Pay $36M for Forex, Digital Asset Fraud
William Koo Ichioka has been ordered to pay over $36 million after admitting to a forex and digital asset fraud scheme. His scam, which started in 2018, involved falsifying financial documents and misusing investor funds for personal luxuries like cars and jewelry. In addition to financial penalties, Ichioka faces prison time. The Commodity Futures Trading … Read more
