NEWS
Kentucky Sues Prediction Markets Over Sports Event Contracts
Kentucky has sued five prediction market platforms, including Kalshi and Polymarket, adding to a wave of US states launching legal fights with prediction markets over…
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Posts by BTCLFGTEAM
NEWS
Tether Winds Down Alloy and aUSDT Gold-Backed Stablecoin
Stablecoin issuer Tether is winding down Alloy by Tether and its gold-backed, overcollateralized aUSDT stablecoin after just two years to focus on products and areas…
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France to Phase Out Non-Quantum Encryption as Bitcoin Security Concerns Grow
In brief France will stop certifying security products that lack quantum-safe encryption beginning in 2027. Officials cited concerns that future quantum computers could decrypt encrypted…
NEWS
Bitcoin Under Pressure Following Trump, Warsh Comments
Key takeaways: Bitcoin remains under pressure from $2.1 billion in ETF outflows in June and an ongoing discount relative to global Bitcoin/USDT pairs. Strategy’s STRC…
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Psychologists Say Patients Are Bringing AI Into Therapy Sessions: Survey
In brief More than three-quarters of psychologists surveyed said patients have discussed using AI for mental health support, diagnosis, or companionship. Thirty-five percent of patients…
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Michigan Federal Judge Rules Sports Prediction Markets Are Not Under CFTC Purview
In brief A Michigan federal judge ruled sports prediction markets are not CFTC-regulated swaps, siding with state regulators over Polymarket. The court denied Polymarket’s bid…
NEWS
Organizations Urge Congress to Ban Sports Betting on Prediction Markets in CLARITY Act
Several national gaming and tribal organizations and labor groups have reportedly called on the US Senate to add language “that explicitly prohibits event contracts tied…
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SpaceX Surge Could Be Worth Billions for FTX—Will Creditors Benefit?
In brief SpaceX’s stock surge following last week’s IPO could benefit FTX creditors, as the defunct crypto exchange took a stake before its collapse. Some…
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Kentucky targets prediction markets, puts red state in potential clash with Trump team
“This action runs counter to the CFTC’s established framework for regulating prediction markets,” the spokesperson said in a statement emailed to CoinDesk. So far, the…
NEWS
Crypto-Backed GOP Candidate Wins Alabama Senate Runoff with June Primaries Looming
More than $12 million in crypto-aligned political action committee (PAC) media buys helped propel Barry Moore to victory in Tuesday’s Alabama Republican US Senate runoff…
