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3AC liquidators file motion to hold Kyle Davies in contempt

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Civil sanctions against 3AC co-founder Kyle Davies include an award of attorneys’ fees and a $10,000 daily fine until he is in compliance with a subpoena.

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CFTC sues New York over bid to apply gambling laws to prediction markets

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The CFTC has filed suit to block New York from enforcing gambling laws on prediction platforms, arguing federal regulators have sole authority over event-based contracts.

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Bitcoin traders eye $73K next as weekly trend line holds price hostage

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Bitcoin market participants favored a short-term return to $73,000 as resistance stayed in place, with some analysis seeing even lower levels.

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Kalshi, Polymarket among 27 prediction platforms banned in Brazil

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Brazil has blocked 27 prediction market platforms, including Kalshi and Polymarket, as new rules classify many contracts as gambling.

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