The simultaneous endorsements from BlackRock, Fidelity, Franklin Templeton, Goldman Sachs, and SoFi for the Digital Asset Market Clarity Act do not represent a victory for the
TL;DR Federal momentum: HPC and Multicoin Capital are backing the CFTC’s new prediction markets framework, filing a joint comment that calls for clear national standards. Regulatory
TL;DR: The House Digital Assets Subcommittee held a hearing to evaluate oversight of prediction markets. The platforms Kalshi and Polymarket have reached estimated valuations of $22
TL;DR: The Commodity Futures Trading Commission (CFTC) officially intervened to instruct the Kalshi platform to honor event contracts already executed by Michigan residents. A Michigan state
North Carolina’s ratified Senate Bill 257 establishes a new prediction-market trading-fees tax and recognizes CFTC-registered prediction markets as lawful in the state when they comply with
TL;DR: HPC and Phantom filed a joint comment with the CFTC to request a clear distinction between software development and the provision of regulated financial services.
The chairman of the CFTC, Michael Selig, warned that regulators could end up “writing all the rules” for digital assets if Congress fails to pass the Clarity Act before
TL;DR: The CFTC filed a civil lawsuit against Trevor Vernon and his firm, Argent Capital Management LLC, for the illicit solicitation of $14 million. The operator
This Wednesday, Pump.fun announced a massive job opening to hire a new Chief Legal Officer (Director Legal). According to the firm’s co-founder, Alon Cohen, the parent
TL;DR: Federal lawsuit: Kalshi filed a lawsuit in the U.S. District Court for the Northern District of Illinois following the passage of bill SB 3019. Jurisdictional
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