NC Bill Recognizes CFTC Authority Over Prediction Markets
A 6% tax on net fee revenue resolves the state's standoff with federal derivatives oversight, but leaves other states still contesting where prediction-market jurisdiction actually sits.
Crypto regulation worldwide — government policy, court rulings, compliance frameworks, tax rules, and enforcement actions.
A 6% tax on net fee revenue resolves the state's standoff with federal derivatives oversight, but leaves other states still contesting where prediction-market jurisdiction actually sits.
The breakout on a late-session volume spike matters more than the 2% gain: a hold above $1.10 keeps the structure intact, while a slip back under $1.0880 turns it into another failed range break.
Bitcoin's correlation with JPY cuts both ways: when the yen jumps on hawkish BOJ speculation or intervention fears, BTC/JPY underperforms BTC/USD even as dollar-denominated BTC keeps climbing.
Washington is still pursuing a diplomatic resolution after the strikes, keeping a fragile de-escalation track alive just as risk-on flows had been pricing in a longer tail of tension.
A second regulated US prediction-market venue chasing margin trading means the legal pathway Kalshi opened in March is no longer a one-off: niche event-derivative books are lining up behind it.
The departure ends one of the most-watched tenures in US crypto legal, with Grewal shifting to an advisory role through month-end as Coinbase's regulatory docket keeps growing.
The split lands as a pointed critique from the exchange that just left the bloc: MiCA may be driving users further from regulated venues, not closer to them.
If the CFTC greenlights Polymarket's rulebook amendment, prediction-market traders could open leveraged positions for the first time inside a regulated US venue, a structural shift for the segment.
The Goldman ban covers contracts tied to the bank itself, elections, markets, macro data, and geopolitics, framing prediction markets as a frontline conduct issue for Wall Street compliance teams.
The bond had cleared Moody's with a Ba2 rating and would have been the first state-backed debt tied to a public miner; the rejection does not change New Hampshire's broader crypto posture.
The leadership change lands as Coinbase pushes deeper into derivatives, tokenisation, and an increasingly fragmented US regulatory map.
The second senior departure in weeks lands while Grayscale's IPO remains on hold and GBTC's AUM has shrunk to a third of its pre-conversion peak, a tough backdrop for a transition.
The exit closes the chapter Coinbase's legal team wrote fighting the SEC under Gary Gensler; the timing tells the market the company believes its biggest regulatory battles are behind it.
The vote is the first concrete state-level rejection of municipal Bitcoin-collateralized debt and lands weeks after several states warmed to the same instrument.
The merged Senate text adds 70+ pages on consumer protections and gives the DeFi sector its developer safe-harbour, but ethics language and Democratic buy-in are still unresolved before any floor…
The figure is a direct read on MiCA's first months: regulated venues are now the off-ramp, not the destination, for European crypto capital.
The $4.7T bank's framing inverts the usual narrative: it isn't MicroStrategy's leverage, but Wall Street building permissioned ledgers that could redirect institutional capital away from BTC.
A federal-event-contract license is not a state-arena pass: a $1B damages claim lets tribal and state plaintiffs drag any venue back into state court, even after Kalshi's CFTC win.
The CFTC lacks the quorum to chair the Clarity Act markup; the White House letter defends the slow nominee process, but the bill can't move without seated commissioners.
The joint letter is a coordination moment for the onchain-infrastructure thesis: regulated venues already want to plug into Hyperliquid-style rails, and they're asking the CFTC to bless the model…