Tag: Markets

Texas Lt. Gov. Lists Crypto, Prediction Markets in Charges to Senate

admin

The #2 Texas state official called on lawmakers to study “the sudden inundation of prediction market gambling“ as other jurisdictions take the platforms to court. Dan Patrick, Lieutenant Governor and President of the Senate in Texas, has included a study of prediction markets and crypto and blockchain as part of legislative priorities for the state’s next legislative session, scheduled to begin in January. In a Friday announcement, the lieutenant governor’s office issued 2026 interim charges for Texas Senate committees to study in preparation for the next legislature. Patrick said that…

Base outlines 2026 roadmap focused on global markets, stablecoins, and builders

admin

Base has outlined its 2026 strategy, positioning itself as infrastructure for a global onchain economy built around tokenized assets, stablecoin payments, and developer-driven growth. The roadmap builds on momentum from 2025, when Base processed more than $17 trillion in stablecoin volume across 26 currencies and 17 countries, expanded its app presence to over 140 countries, and funded more than 50 teams through its Base Batches program. The network also emerged as a leading venue for Bitcoin spot trading onchain, reflecting rising demand for crypto native market infrastructure. Base frames the…

Faster Settlement May Make For Poorer Markets

admin

Opinion by: Chris Kim, CEO and co-founder at Axis. Shorter settlement cycles are now sweeping the globe. In 2024, the United States moved equities to T+1 settlement. Europe, the United Kingdom, and several Asian markets are expected to follow this lead by 2027. Trades are moving ever closer to real-time.  The markets that fail to keep up risk falling behind. Blockchain-based finance pushes that concept even further. Stablecoins and tokenized assets enable transactions to settle instantly through atomic settlement, where payment and asset transfer occur simultaneously, allowing counterparty credit risk…

NFL Asks Prediction Markets to Step in on ‘Easily Manipulated‘ Bets

admin

CFTC Chair Michael Selig signaled that the agency would defer to the football league in calling for changes to event contracts that could be manipulated by a single person. The National Football League (NFL) has reportedly sent letters to Kalshi, Polymarket and other prediction market platforms in an effort to block the companies from offering trades on football events that can be easily manipulated or determined in advance.  According to a Monday ESPN report, the letters to the prediction market companies said that the NFL objected to certain types of…

Trump’s Iran diplomacy post jolts crypto markets higher as equities wobble

admin

Donald Trump posted about “serious discussions” with Iran’s new regime on Truth Social Monday, and crypto markets responded the way crypto markets do — by going up while everything else went sideways. Bitcoin jumped 2.2% in 24 hours to approach $68K, Ethereum surged 4.4% past $2,070, and Solana gained 3.4% toward $84. Meanwhile, equities wobbled like a shopping cart with a bad wheel, unsure whether to price in diplomacy or escalation. The post that moved markets Here’s the thing about Trump’s Truth Social dispatches: they’ve become their own asset class…

How AI Agents Can Reshape Arbitrage in Prediction Markets

admin

Prediction markets aggregate human judgment in theory, but some of their consistent trading opportunities may end up captured by systems that move faster than any person can. Arbitrage opportunities can show up as brief mispricings, from outcomes that temporarily fail to sum up to 100%, to short delays in how quickly markets react to new information. Rodrigo Coelho, CEO of Edge & Node, said bots are already scanning hundreds of markets per second, a role that increasingly overlaps with more advanced AI-driven agents. “Capturing those opportunities requires monitoring thousands of…

Detroit Set to Enter Michigan‘s Battle against Coinbase Prediction Markets

admin

Lawyers representing the US city of Detroit plan to file an amicus brief in Coinbase’s lawsuit against Michigan, which argues that federal regulators should have authority in overseeing prediction markets and not states.  In a Thursday filing in the US District Court for the Eastern District of Michigan related to state officials’ motion for a preliminary injunction, District Judge Shalina Kumar approved an order which will allow Detroit to file a brief supporting state authorities in their lawsuit against Coinbase. Kumar gave Detroit’s lawyers until April 3 to make the…

SBF Pardon Chances Continue Drop on Betting Markets

admin

The chances of former FTX CEO Sam Bankman-Fried getting a pardon didn’t seem great this year, and a recent downtick on prediction markets shows that they aren’t getting any better.  Both major prediction markets in the United States, Polymarket and Kalshi, have the likelihood of Bankman-Fried receiving a presidential pardon this year at 11% and 9%, respectively.  Chances of a pardon have decreased 1% on Kalshi and 2% on Polymarket after a CNN interview on March 21 with Bankman-Fried’s parents, Joseph Bankman and Barbara Fried. In the interview, both explained…

Bill Proposes To Stop Government Officials Betting on Prediction Markets

admin

US lawmakers have introduced a second bill this week aimed at curbing prediction market insider trading by government officials, amid growing concerns over such activity on major platforms such as Kalshi and Polymarket. In an announcement on Thursday, US lawmakers Todd Young, Elissa Slotkin, John Curtis and Adam Schiff unveiled the bipartisan Public Integrity in Financial Prediction Markets Act of 2026. “No one should be profiting off the information and knowledge gained as a public servant, period,” Slotkin said, adding: “This bill is an important first step in placing common…

Nasdaq Tokenization May Split Stock Trading Across Markets: TD Securities

admin

Nasdaq’s push to bring tokenization into capital markets could lead to a dual-market structure in which traditional US exchanges operate alongside blockchain-based trading venues, according to TD Securities — a shift that could split trading activity and lead to price differences across platforms. In a recent note, Reid Noch, vice president of US equity market structure at TD Securities, pointed to plans by Nasdaq and the New York Stock Exchange to introduce tokenization into alternative trading systems (ATS), a type of venue that matches buyers and sellers outside traditional exchanges.…