Topic: #prediction-markets
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NFL backs New Jersey in Supreme Court fight over Kalshi sports contracts
The NFL filed an amicus brief urging the Supreme Court to hear New Jersey's appeal of a Third Circuit ruling that shielded Kalshi's sports event contracts from state gambling laws, arguing they're bets, not swaps.
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Kalshi prices California Prop 40 billionaire wealth tax at 32% despite poll support
Kalshi traders put the odds of California's Proposition 40, a one-time 5% tax on billionaires' net worth, passing in 2026 at 32%, Crypto Briefing reported, even as two unnamed polls showed more voters in favor than opposed.
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Proposed CFTC rules would limit crypto leverage to federally registered exchanges
CFTC Chairman Michael Selig said only federally regulated crypto exchanges would be allowed to offer leveraged products under proposed rules Regulation CTX and Regulation CAM, Crypto Briefing reported. Neither rule has been adopted yet.
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Houthis claim drone strike on Riyadh airport; Saudi Arabia yet to confirm
Yemen's Houthi movement claimed a drone strike on King Khalid International Airport in Riyadh, but Saudi authorities hadn't confirmed any strike at the time of reporting, leaving the claim unverified.
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GOP's Senate Leadership Fund commits $8.2M to defend Roger Marshall in Kansas
The Senate Leadership Fund set aside $8.2 million in ads backing Kansas Sen. Roger Marshall as Democrat Adam Hamilton draws even in recent polls, according to a Crypto Briefing report.
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Rural data center tax breaks draw mixed reactions as Louisiana comes into focus
New federal tax benefits for rural data centers, which stem from the 2025 tax law, drew mixed reactions from experts and lawmakers, and moratorium dynamics in Louisiana and Oklahoma are shaping market sentiment.
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Brazil's Lula signs order banning online gambling days before election, report says
Brazilian President Lula da Silva signed an executive order banning online gambling as part of a household debt-relief plan, Crypto Briefing reported, days before an October 4 first-round vote in which he's seeking a fourth term.
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CFTC submits rule to define event contracts as swaps amid state gambling fight
The CFTC has submitted a proposed rule to bring event contracts under the definition of "swap", along with an interim rule excluding casino-style products, according to an OIRA docket reported by Cointelegraph.
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Kalshi in advanced talks to raise about $1B at $40B valuation, Reuters reports
Prediction market platform Kalshi is reportedly in advanced talks to raise about $1 billion at a $40 billion valuation, per Reuters sources cited by Cointelegraph. It closed a round at $22 billion in May.
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UK energy bills set to rise 16% in January, Cornwall Insight forecasts
UK household energy bills are forecast to rise 16% in January, the largest increase in four years, according to a Cornwall Insight projection reported by the BBC and relayed by Crypto Briefing.
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PQ's St-Pierre Plamondon at 93% for Quebec premier in unnamed market: Crypto Briefing
An unnamed prediction market priced Parti Québécois leader Paul St-Pierre Plamondon at 93% to become Quebec's next premier after the 2026 election, Crypto Briefing reported, adding that a PQ return could create challenges for PM Mark Carney.
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Trump plans AI Force, appoints AI czar to lead initiative
President Donald Trump is moving forward with plans to establish an AI Force and appoint a new AI czar to oversee artificial intelligence developments. The role remains unfilled as Trump considers candidates including former AI and crypto czar David Sacks.
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Susan Collins' Kalshi odds climb to 36% in Maine Senate race
Prediction market Kalshi shows Republican incumbent Susan Collins' reelection odds rising to 36% from 26%, though recent polling and market dynamics underscore Maine's Senate race as a statistical toss-up.
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Senate Democrats' Super PAC Eyes Kansas Senate Race Investment
Senate Democrats' primary super PAC is considering spending in Kansas, where polling shows a toss-up between incumbent Republican Roger Marshall and Democrat Adam Hamilton. Market pricing on a Democratic victory has jumped to 30.5%, up from 25% a week ago.
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CFTC Chair Signals Regulatory Shift Toward Mass Tokenization
CFTC Chair Michael Selig has advised regulators to prepare for significant mass tokenization in financial markets, saying the shift could bring more change to financial systems than the previous several decades combined. The remarks signal a regulatory pivot toward accommodating tokenized assets.
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Coinbase tokenized stocks see $7.5M deposit on Base DeFi venues
Coinbase-issued tokenized stocks recorded a $7.5 million deposit on Base DeFi venues, representing 42% of their onchain market cap. The activity signals growing confidence in using these assets within DeFi, though prediction markets assign only 8.5% odds to a Base token launch by end-2026.
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Senate Democrats pursue bipartisan path for stalled CLARITY Act
Senate Democrats are pushing for bipartisan support to advance the CLARITY Act, which would establish federal regulations for digital assets and clarify SEC and CFTC oversight. The bill fell one vote short in a recent Senate motion.
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Chris Land leads Senate crypto bill negotiations as regulatory clarity looms
Chris Land, newly appointed staff director of the Senate Banking Subcommittee on Digital Assets, has assumed lead negotiator role for a Senate cryptocurrency bill. His Wyoming legislative background on digital assets signals potential progress toward clearer U.S. crypto regulation.
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Standard Chartered launches Bitcoin, Ether trading in UAE
Standard Chartered became the first Global Systemically Important Bank to offer institutional digital asset trading in the UAE, while Hyperscale Data ended Bitcoin mining to make room for an AI data center customer worth up to $3 billion over 20 years. New Jersey challenged federal authority over prediction market sports betting.
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Coinbase stock tokens drive $125M DEX volume on Base, fuel token launch speculation
Coinbase-issued stock tokens generated $124.8 million in decentralized exchange volume on the Base platform, primarily through NVIDIA and Alphabet tokens. The surge has lifted market odds for a Base token launch by end-2026 to 13% YES.
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Fun CEO: On-Ramps and Bridges Will Disappear as Apps Embed Payments
Alex Fine, CEO of payments infrastructure firm Fun, said legacy crypto infrastructure like on-ramps and bridges will vanish as applications embed payments directly into user experience, abstracting blockchain complexity away.
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CLARITY Act ethics compromise under White House review ahead of Senate vote
The White House is reviewing a bipartisan ethics compromise on the CLARITY Act, which seeks to reform digital asset markets. The bill has cleared the Senate Banking Committee but requires 60 votes to advance, with a floor vote before August recess still uncertain.
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Strategy Inc. accelerates Bitcoin buying amid STRC dilution concerns
Strategy Inc. purchased 48 times more Bitcoin than it sold and issued 300 times more STRC than it repurchased, but prediction-market odds for the token reaching $100 by December 31 have weakened to 32%, signaling investor skepticism despite the company's aggressive accumulation strategy.
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Bitcoin ETFs Post Third Week of Inflows as Flows Slow to $33.8M
Bitcoin ETFs recorded their third consecutive week of net inflows despite a $465 million weekend outflow, closing the week with $33.8 million in net inflows. Weekly inflows have declined sharply from $197.4 million two weeks ago, raising questions about momentum sustainability.