Selig faced heat from lawmakers on how he plans to oversee prediction markets and whether it has the headcount to do it.
The analysts see "asymmetric upside" for Robinhood from prediction market growth, setting a $130 price target.
Former CFTC Chair Chris Giancarlo has advised several firms since leaving public office, including Polymarket and Paxos.
President Donald Trump's top crypto advisor is sparking optimism in getting broader cryptocurrency legislation passed into law.
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.
Judge Michael Liburdi ordered Arizona not to bring any enforcement actions under state law against Kalshi, at least temporarily.
Negotiations over how to treat stablecoin rewards are intensifying as lawmakers return to Washington D.C. next week.
The DOJ and CFTC asked a federal court to block Arizona from prosecuting Kalshi, citing event contracts as federally regulated swaps.
Democrats are urging the CFTC to crack down on prediction markets that allow users to bet on certain events.
The world's largest derivatives exchange is also expanding its crypto suite to include Avalanche (AVAX) and Sui (SUI) contracts.
A court handed prediction markets a victory, ruling that New Jersey does not have explicit authority over sports-related event contracts.
The CFTC argued in a lawsuit that the Commodity Exchange Act gave it "exclusive jurisdiction" over all swaps, which include prediction markets.
The crypto bill, or the Clarity Act, remains stuck in the Senate, and Congress is now on a two-week Easter break.
US court orders KuCoin operator to block American traders and pay $500,000 penalty in CFTC enforcement case.
A new political action committee, the Blockchain Leadership Fund, launched with backing from Anchorage Digital and Chainlink Labs.
Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling. Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale. They turned what was essentially a niche event trading activity into a mass product, and pushed the industry into a […]
The post The bets that made crypto prediction markets popular could now be banned appeared first on CryptoSlate.
Frustrations are continuing to boil over in the crypto industry as it finds itself again at an impasse over the treatment of stablecoins.
David Sacks is leaving his post as the White House's crypto and artificial intelligence czar, but he isn't going far.
The CFTC launched a new task force focused on cryptocurrencies, artificial intelligence, and the rapidly emerging area of prediction markets.
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
The SEC and CFTC just gave crypto its clearest and most straightforward regulatory guidance in years. Most crypto assets will no longer be treated as presumptive securities, and the agencies drew a sharper line between open crypto markets and tokenized versions of traditional financial products. Under normal conditions, that kind of clarity should have been […]
The post Crypto finally got SEC clarity. Why didn’t the market care? appeared first on CryptoSlate.
The FAQ aligns the CFTC's framework with the SEC's recent haircut guidance, setting a 20% charge for bitcoin and ether and 2% for payment stablecoins.
Key negotiators in advancing sweeping crypto legislation have reached an "agreement in principle" around the treatment of stablecoin yield.
Nevada is reportedly halting the operations of prediction market Kalshi within the state — at least for now.
XRP is entering a pivotal moment in its evolution as growing regulatory clarity is reshaping its position within the global financial system. The recent developments suggest that XRP is increasingly being viewed through the lens of a commodity rather than a security. This distinction could significantly impact how XRP is traded, adopted, and integrated into institutional finance. How The Regulatory Clarity Signals A Turning Point For XRP XRP has been officially designated a digital commodity by the SEC and CFTC, which is a game-changing regulatory victory for crypto. Crypto commentator Pumpius has revealed on X that the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) have released a joint interpretive guidance clarifying how federal securities laws apply to digital assets. Related Reading: XRP Moves Into ‘Scarce Zone’ As Exchange Supply Dries Up In this framework, XRP is cited among examples of digital commodities. Meanwhile, these are assets whose value comes mainly from the programmatic utility of a functional, decentralized system combined with market-driven supply and demand, rather than from expectations of profit through the effort of others. This means other assets do not meet the Howey Test for securities. Pumpius explains that this distinction is significant because it will resolve the long-standing uncertainty for XRP after years of legal questions. With this classification, the guidance implies that oversight of assets in spot and secondary markets would shift primarily toward the CFTC. This development signals a broader stance that many major non-stablecoin cryptocurrencies may not qualify as securities. Furthermore, Pumpius emphasized that this move reflects a growing effort by the SEC and CFTC regulators to coordinate frameworks and reduce overlap. Thus, this is a formal Commission-level interpretation, not just staff guidance, and it brings significant legal clarity for developers, exchanges, and investors. Why XRP Adoption Trends Continue To Build Momentum According to Evernorthxrp, the largest public XRP treasury company, investors may want to look beyond short-term macro reactions and focus on what’s happening under the hood of XRP before responding to the latest Federal Reserve decision. The data show a rapidly strengthening network that XRP has now surpassed 7.7 million non-empty wallets for the first time in its 13-year history. Meanwhile, active addresses have climbed to a five-week high of 46,767 on March 16. Related Reading: XRP Ledger Transactions Triple In One Year – What’s Going On? At the same time, the tokenized commodities on XRP have surged from $111 million to $1.14 billion in 2026, giving the altcoin a notable share of over 15% of the global tokenized commodities market. Network usage is also accelerating, and XRP daily transactions have increased to nearly 3 million over the past week, with automated market maker (AMM) pools expanding to around 27,000. Evernorthxrp’s key takeaway is that these fundamentals remain unchanged regardless of whether interest rates sit at 3.5% or 3.75%. Featured image from Freepik, chart from Tradingview.com
The prediction market and MLB will exclusively work together "to restrict markets that present an integrity risk."
The following article is adapted from The Block’s newsletter, The Daily, which comes out on weekday afternoons.
A Senate panel plans to hold a hearing to amend and vote on a broad cryptocurrency market structure bill in April.
The SEC is seeking to clarify how federal securities laws apply to certain cryptocurrencies and transactions.
This means Phantom can act as a non-custodial interface connecting users to registered derivatives platforms, removing the need for broker registration under specific conditions.