MENA’s annual onchain crypto volume has risen to roughly $350 billion. Turkey remains the largest regional market, approaching $200 billion annually. Saudi …
Markets
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New Jersey petitioned for a writ of certiorari in Kalshi’s case against it last week, finally throwing the ball to the high …
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Pendle has officially launched its new financial products, USDx and sUSDx, designed for fixed income markets. This announcement, made on September 4 …
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Regulation
Michigan Blocks Predictions Markets Platform Kalshi From Offering Sports Bets in the State
by shayaanby shayaanA Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for …
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Markets
New Jersey becomes first state to ask Supreme Court to weigh in on prediction markets
by shayaanby shayaanAfter multiple appeals courts ruled differently about whether states can crack down on prediction markets’ sports products, New Jersey asked SCOTUS to …
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Markets
CFTC Issues Event Contract Guidance As Prediction Markets Face Scrutiny
by shayaanby shayaanThe CFTC has issued regulatory enforcement guidance for event contract derivatives, sharpening the lines around prediction markets at a time when event-based …
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Decentralized finance (DeFi) vault infrastructure protocol More Markets had a lending reserve drained of about $9.3 million in digital assets on Flow …
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Finance
Kevin Warsh’s Jackson Hole Speech Pushes Markets to Reprice Fed Rate Outlook
by shayaanby shayaanFederal Reserve Chair Kevin Warsh used his Jackson Hole address to explain his approach to monetary policy and inflation control. The speech …
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Donald Trump Jr. reportedly urged Republican state attorneys general earlier this year not to pursue prediction markets. Various legal battles already threaten …
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Markets
Kalshi takes legal blow in court ruling confirming state powers over prediction markets
by shayaanby shayaanThis latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may …