Prediction Markets

With market cap near $753M and Q2 metrics sliding, the M&A case centers on licenses and custody rails, not spot volume.

The SEC and CFTC are moving quickly on tokenization, custody, and market definitions, but rules are easier to unwind than a statute.

The position reduces introducing-broker and associated-person registration risk for qualifying wallets and apps under strict non-discretionary conditions.

Executives said SEC and CFTC work continues, but without statute the rules can be rewritten and MiCA looks comparatively durable.

The bill needs 60 votes to proceed, and Democrats are tying support to a Trump-linked ethics deal.

DefiLlama’s latest 24-hour snapshot put the network at $2.13M in daily fees as tokenized stocks reached 27% of volume.

The state is asking whether Dodd-Frank preempts state gambling rules for contracts listed on CFTC-regulated venues.

The Trump Jr.-linked fund’s reported $300M check lands as state actions and banking friction tighten around prediction markets.

The two-year exclusive partnership targets 20+ markets at launch on OG Prediction Markets, with settlement tied to PYMNTS Intelligence’s AI adoption measurements.

The order ties the payment to “mention markets,” a contract type now drawing sharper insider-info scrutiny.

The move escalates a state-by-state legal split as Kalshi calls court outcomes “close to 50-50.”

He floated a DCM-style “crypto asset market” label as a fallback if the bill cannot reach 60 votes within three weeks.

The proposal sets $5M/4-year and $75M/12-month issuance caps and opens a 60-day comment window after Federal Register publication.

Trezor and SafePal disclosed breaches affecting 50,000+ customers while the SEC pulled a planned crypto rules meeting.

The sit-down is planned ahead of the CFTC committee’s inaugural Thursday session on crypto market structure and clarity.

The bank was still said to be open to IPO underwriting even after exiting day-to-day banking exposure.

The city also names Robinhood, Webull, and Coinbase as Kalshi partners in deceptive-marketing claims in Maryland.

Aug. 12 guidance flags deficient filings and says some reward designs can raise wash-trading risk.

The effort raises near-term uncertainty over which U.S. regime would govern crypto-adjacent event markets.

A separate SDNY Polymarket defendant is asking to dismiss CEA counts by arguing event contracts are not clearly “swaps.”