Kalshi
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.
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."
JPMorgan & Goldman Sachs eye prediction markets
JPMorgan Chase CEO Jamie Dimon said the bank is considering entering prediction markets and Goldman Sachs has expressed similar ambitions. Would the Wall Street giants adopt blockchain-based systems or stick to traditional infrastructure? CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Circle stock tumbles 20% on newest Clarity Act draft
Circle shares fell 20% and Coinbase dropped about 10% after a draft of the U.S. Clarity Act raised the prospect of strict limits on stablecoin yield. The sell-off also comes as rival Tether moved to bolster confidence by hiring a Big Four accounting firm for a full audit. CoinDesk's Jennifer Sanasie hosts CoinDesk Daily.
Arizona Attorney General files criminal charges against prediction market Kalshi
Kris Mayes filed 20 criminal counts against the prediction market operator, escalating a multi-state legal clash over sports and election predictions markets.
Prediction markets get tailored U.S. guidance from former foe CFTC
The agency that once fought the events contracts platforms in court has now issued a new policy stance and is proposing permanent rules for oversight.
Senate Democrats push prediction market limits, including banning bets on war, death
One Senate Democrat's bill would write the prohibition into federal law even as the CFTC shifts toward a more permissive stance on event contracts.
Nasdaq teams with Kraken to bring stocks on-chain
Nasdaq announced that it's teaming up with Kraken to distribute one-to-one tokenized versions of public company stocks to customers in Europe and other international markets. Holders would retain the same governance rights as traditional shareholders, including voting and dividends. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."
Kalshi, Polymarket seeking $20 billion valuations in fundraising talks: WSJ
Kalshi, approved by the Commodity Futures Trading Commission, was last valued at $11 billion, while Polymarket was valued at $9 billion.
