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U.S. agency hits Utah with lawsuit to shield Kalshi's ability to offer betting there

The U.S. Commodity Futures Trading Commission has pursued more than a dozen legal actions to protect what its chief sees as its sole power over prediction markets.

CFTC sues Utah as battle over prediction market regulation intensifies

The CFTC is escalating its legal fight with states, suing Utah after the state filed a lawsuit against prediction market platform Kalshi.

Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.

Crypto wallet maker Keystone to destroy almost 19,000 devices after security breach

The breach exposed 25,964 buyer records, some kept past Keystone’s 180-day deletion policy after an automated tool failed without the firm noticing.

Ripple Wins Final OCC Approval for Trust Bank Behind $2.6B RLUSD Stablecoin

The federally supervised bank will manage RLUSD's reserves and offer custody, as banking groups fight crypto charters in court.

Ripple gains final OCC approval to launch national trust bank and bring RLUSD under federal oversight

Ripple's structure places reserve management and custody under federal supervision while leaving issuance with the New York-regulated entity.

Canada’s Draft Stablecoin Rules Cap Redemption Fees at 1% and Ban Yield

Ottawa opened a 60-day consultation on draft rules requiring one-to-one reserves and fast redemption from stablecoin issuers, while keeping the ban on paying holders inte…

US OCC calls on community banks to become payment stablecoin issuers

The announcement followed the banking regulator finalizing its rules for the GENIUS Act, a stablecoin law to be implemented in January

NBA Embraces the CFTC on Prediction Markets as the NFL Fights It in Court

The agreement, which follows similar deals with MLB and NHL, establishes information-sharing to guard against insider trading as sports betting migrates to CFTC-regulated…

Canada opens consultation on stablecoins, citing US GENIUS Act

As part of the potential implementation of its Stablecoin Act, the Canadian government will hear from the public on a proposed framework for tokens from non-financial ins…

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.

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.

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