Analysis: Prediction Markets Have a Gambling Problem
Academics get it: prediction markets aren’t gambling because the house doesn’t always win. But regulators around the world have differing opinions – and Polymarket is feeling the heat.
Policy
U.S. Judges Demand SEC ‘Explain Itself’ for Rebuffing Requests for Crypto Rules
In another 11th-hour court loss for Chair Gary Gensler’s tenure, judges in a Coinbase case again call the SEC’s crypto position “arbitrary and capricious.”
U.S. Banking Should Ease Path for Crypto, Republican Taking Reins at FDIC Suggests
FDIC Vice Chairman Travis Hill is set to become acting chairman at the start of the next administration, and he’s critical of the FDIC’s digital assets stance.
U.S. Enforcement Chief Behind CFTC Crypto Cases Exits Before Trump Arrives
Ian McGinley, the enforcement director at the Commodity Futures Trading Commission, is stepping down days before President-elect Donald Trump’s inauguration.
Biden’s Consumer Watchdog Pushes for Last-Minute Stablecoin Rule
The Consumer Financial Protection Bureau proposed a crypto rule just days before Donald Trump takes the White House and can name a new agency head.
Kenya Prepares to Legalize Cryptocurrencies in Policy Shift: Report
Kenya’s move represents a significant policy shift from their previous warnings about the crypto industry.
3 Russians Face Money Laundering Charges Over Mixing Services: DOJ
Russian nationals have been charged with crimes for allegedly running the crypto mixing services Blender.io and Sinbad.io used by North Korean hackers.
Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations
Bybit to Temporarily Halt Crypto Trading in India, Citing Regulations
Polymarket’s Customer Data Sought by CFTC Subpoena of Coinbase, Source Says
The U.S. Commodity Futures Trading Commission is said to be seeking information about customers’ interactions with the prediction market site Polymarket.
Do Kwon Criminal Trial Set for 2026 as Lawyers Deal with ‘Massive’ Trove of Evidence
Prosecutors are currently working to unlock four of Kwon’s cell phones provided by Montenegrin authorities.