Prediction Markets Hit $50B in Record World Cup Trading Month
Kalshi, Polymarket and the new Robinhood–Susquehanna JV Rothera cleared $44B between them in June, roughly 10x what US sportsbooks are projected to handle across all 104 matches.
Court rulings, lawsuits, settlements, indictments, and litigation involving crypto firms and protocols.
Kalshi, Polymarket and the new Robinhood–Susquehanna JV Rothera cleared $44B between them in June, roughly 10x what US sportsbooks are projected to handle across all 104 matches.
Scott Allen Simpkins admitted lying to federal investigators about a 2021 incident in which crypto figure Adam Iza pressured a victim into a $25,000 transfer.
A second major law enforcement endorsement lands as the bill heads toward a Senate floor fight, signaling bipartisan machinery is starting to line up behind market-structure reform.
The refunds are roughly the size of a major bank's quarterly profit, and the legal ground has shifted beneath every tariff authority the executive branch leaned on this term.
The refunds begin flowing less than a week after the ruling, with Treasury now clawing back duties collected under the contested IEEPA framework.
A Friday hearing on the merged Banking-Agriculture text kicks off what Galaxy Digital calls crypto's last realistic shot at a comprehensive market-structure bill in the 119th Congress.
The ruling reopens IRS audit authority over the president's prior returns, a procedural win for transparency advocates that lifts one specific legal shield before any new filing.
Democrats now want the bill to ban presidents from sponsoring or profiting from digital assets, a demand Trump can't sign without effectively cutting himself off from a sector he dominates.
The bill's last realistic window is closing fast: updated Senate text is due this week, but developer protections, ethics rules, and the 60-vote threshold still haven't been resolved.
The BitClub Network took in $722M from investors between 2014 and 2019, so the DOJ move to dismiss without trial is the final twist in a seven-year saga that never produced a verdict.
A direct presidential nudge on market-structure legislation reframes the regulatory timeline for the entire US crypto industry, from token classification to exchange registration.
Democrats want Section 604 language barring officials and their families from profiting off crypto in office; the White House says any such provision targeting the President is a non-starter, leaving…
The 2020 case almost broke Ripple before it ended, and the CEO is naming the financial pressure publicly as the SEC files to formally conclude the multi-year XRP litigation.
Brad Garlinghouse told a Kansas University audience that the SEC lawsuit pushed Ripple to the brink of dissolution, with the team weighing whether to simply hand XRP back to shareholders.
A new 70-page combined text is expected this week, yet the missing ethics provision and a 60-vote Senate threshold leave the market-structure bill short of the bipartisan support it needs by midterms.
Custodia's appeal tests whether the Federal Reserve has unreviewable discretion to deny a state-chartered, crypto-linked bank direct access to the US payments system.
The CEO put the four-year SEC fight at $150M in legal costs, and framed the choice to keep fighting as a jobs decision rather than a bet on XRP's regulatory status.
The 2020 case almost ended the company before its token became a legal landmark; choosing to fight cost hundreds of jobs but built the record that survived a 2023 court win.
The latest jab lands a week after Musk's legal fight with the ChatGPT maker made headlines, but the feud has been a public fixture since Musk's 2018 split from the board.
The thesis rests on three structural shifts rather than a single catalyst: SEC clarity in 2025, $1.4B+ in spot XRP ETF inflows already locked in, and RLUSD scaling into Japan and MiCA-regulated…