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Why Prediction Markets Got the Brazilian Election So Wrong

Experts say Brazil's prediction market ban left the odds in the hands of traders with little knowledge about the election.

AI company Anthropic announces IPO, expected as early as November

The artificial intelligence company disclosed more than $16 billion in revenue and an $80 billion net loss for the first half of 2026.

Hyperliquid says Kraken parent Payward to be first CFTC-regulated HIP-3 deployer

Hyperliquid plans to make Kraken parent Payward the first CFTC-regulated HIP-3 deployer, a step toward regulated U.S. perpetual futures.

SpaceX Locks Up $40 Billion for AI Chips as Musk Warns Most Neoclouds Will Die

Elon Musk says SpaceX closed a $40 billion chip deal with Apollo while lenders shut the door on smaller AI cloud firms, a split that could decide who controls computing.

Y Combinator-backed Mochatrade raises $5.5 million to offer US stock perpetuals to Indian traders

The platform is in beta and plans to open to the public in the coming weeks, co-founder Chetan Manda told The Block.

NBA names Kalshi, Polymarket preferred exchanges, signs CFTC deal

The US professional basketball league is expanding into prediction markets with official data agreements and safeguards against insider trading.

Bitcoin Wallet Fixes Critical Flaw That Redirected Funds to Attackers

A confirmed exploit let rogue servers replace Electrum’s pending transactions, tricking users into redirecting Bitcoin to attacker addresses.

Prediction markets and derivatives drive Bernstein’s crypto stock outlook for Coinbase, Robinhood and Circle

Bernstein cuts Coinbase’s target while raising Circle’s as new products shift their earnings outlook.

India’s CoinDCX Confirms $16 Million Loss Days After CEO Called It a ‘False Alarm’

The Mumbai-based exchange says 15.99 million USDT was drained from wallets it retired after last year’s $44 million hack, bringing its combined losses to nearly $60 milli…

NBA becomes third league to sign CFTC prediction market pact, taps Kalshi and Polymarket

The CFTC and NBA have agreed to put in place standards to protect the integrity of the game when it comes to prediction markets.

South Korea lawmakers mull pushing crypto tax implementation to 2029

The Seoul government is reportedly weighing another delay for a 2020 income tax policy on digital assets, citing concerns with receiving data from US officials.

Tom Lee's Bitmine favors share buybacks to ether purchases as crypto declines

The Ethereum treasury firm spent $46 million buying back shares as Chairman Tom Lee said crypto has held up better than AI stocks during the recent market pullback.

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