Coinbase Sues 3 States as Prediction Markets Trigger Federal Versus Gambling Law Clash
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Coinbase is escalating a high-stakes legal fight over prediction markets, arguing federal law — not state gambling rules — governs event contracts, a clash that could reshape U.S. financial innovation, regulatory authority, and market access. Coinbase Challenges State Gambling Laws Over Prediction Markets Prediction markets are increasingly shaping debates over financial innovation, market structure, and […]

Federal Court Advances Crypto Recovery as Forfeiture Clears Path for Victim Restitution
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Federal prosecutors moved to return seized cryptocurrency after a court ordered forfeiture tied to an elderly-targeted scam, clearing the way for restitution as authorities traced bitcoin and USDT used in a multistate fraud scheme. Forfeiture Order Finalizes Recovery of Bitcoin and Tether From Elder Fraud Scheme A federal court action advanced efforts to recover funds […]

Ripple Deepens Prime Brokerage Stack as Institutional Demand Pushes Execution and Clearing Capacity Higher
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Ripple strengthened its institutional crypto footprint by expanding a strategic partnership that boosts execution, clearing, and balance-sheet support, signaling accelerating demand from sophisticated firms for scalable digital-asset market infrastructure. Ripple Expands Prime Brokerage Ties as Institutional Crypto Demand Grows Institutional momentum in crypto market infrastructure accelerated with a high-profile expansion. Ripple announced Dec. 18 a […]

TikTok Becomes American and Bitcoin and Stocks Are Loving It
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The cryptocurrency had recently stalled, but news of a TikTok U.S. joint venture buoyed equity markets and perhaps boosted bitcoin as well. Bitcoin and Stocks Surge with TikTok’s U.S. Pivot More than two billion users have now downloaded what was once an obscure Chinese short-form video-sharing application, an impressive number that likely saved the app […]

Draftkings Taps CFTC Framework to Launch Predictions Marketplace App
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On Friday, Draftkings launched a standalone predictions app regulated under federal commodities law, formally entering the growing U.S. prediction markets sector and expanding beyond traditional sports betting into event-based contract trading. Draftkings Brings Event Contracts to U.S. Users via New Predictions Platform Draftkings announced the debut of Draftkings Predictions on Dec. 19, introducing a mobile […]

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