WorldPingEvery Democrat on the Senate Banking Committee is urging its chair, Sen. Tim Scott, to hold a congressional hearing on prediction markets.
This is a short WorldPing brief. The full report was published by The Block.
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WorldPingAlmost one million trades of nearly the same size have moved through a single Kalshi market since August, and federal regulators are looking at them, as reported by The Wall Street Journal.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingKalshi said nearly $5 billion in similarly sized Ether perpetual trades reflected its liquidity incentive programs and rejected allegations that the activity was wash trading.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingBitmex has ended exchange operations, but users can still log in and withdraw their crypto. Balances left on the platform are now subject to account fees for users who completed identity verification, making the withdrawal terms the immediate concern.
Brief by WorldPing · Original reporting by Bitcoin.com
WorldPingThe case between New Jersey authorities and a prediction market company, if accepted by the Supreme Court, could result in clarity for state and federal officials over sports bets.
Brief by WorldPing · Original reporting by Cointelegraph
WorldPingBitcoin Magazine CFTC Chair Selig Says Regulator Is Preparing for ‘24-7, On-Chain’ Markets Mike Selig has said that the CFTC is looking forward to “exciting” crypto and AI markets as the agency presses on without the Clarity Act.
Brief by WorldPing · Original reporting by Bitcoin Magazine
WorldPingThe prediction market says unusual patterns in its ether perpetual market are the result of liquidity incentives.
Brief by WorldPing · Original reporting by CoinDesk
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