CFTC
Gemini eyes prediction market challenge to Kalshi, Polymarket, secures derivatives license; shares surge
Tyler and Cameron Winklevoss' crypto exchange now holds licenses allowing it to expand into regulated derivatives and prediction markets, the fastest-growing sectors in crypto.
Robinhood's crypto revenue tanks 47%, gap filled by prediction markets
Robinhood missed earnings after crypto trading revenue fell 47% to $134 million in Q1. But event contracts surged 320% to $147 million as users traded a record 8.8 billion prediction market contracts. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Polymarket reportedly seeking CFTC approval to reopen main exchange to U.S. traders
If approved, the move would help Polymarket compete with Kalshi in the U.S., and bring more event-trading activity under CFTC regulatory oversight.
CFTC's AI will review U.S. crypto registration applications, chairman tells CoinDesk
The regulator is working on new technology to stretch abilities of reduced staff, says Chairman Mike Selig, including AI monitoring of trading data.
Trump's Iran ceasefire sends bitcoin past $78K
President Trump extended the Iran ceasefire indefinitely, triggering a bitcoin rally past $78,000 and short-squeeze conditions in crypto markets. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
U.S. government moving bitcoin tied to Bitfinex hack
The U.S. government just transferred about $606,000 of bitcoin to Coinbase Prime, with on-chain data tying the coins to the 2016 Bitfinex hack. The government currently holds roughly $24.5 billion in bitcoin as part of its strategic digital asset reserve. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
CFTC Chair Mike Selig argues for agency's 'exclusive regulatory authority' in prediction markets fight: State of Crypto
Selig said states do not have the ability to police prediction market providers, echoing his agency's stance as it pursues court cases to cement its authority.
Federal judge blocks Arizona from bringing criminal charges against Kalshi
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Market structure bill delayed as crypto, banks meet lawmakers
Crypto and banking leaders are meeting with legislative staffers to hash out the future of U.S. stablecoins. The market structure bill is now delayed again and the fight over yield isn't the only hurdle as lawmakers finalize on DeFi regulations and concerns over President Trump's family crypto projects. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
CFTC sues Illinois, Arizona, Connecticut over states' sports prediction market efforts
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it "exclusive jurisdiction" over all swaps, which include prediction markets.
