Report Claims Gaming Industry Lobbying for Ban on Sports Event Contract Trading in Federal Cryptocurrency Regulation Bill
[ad_1] Semafor reports that a coalition including commercial and tribal gaming interests has sent a letter to Congress urging members to include sports trading restrictions A group including the American Gaming Association, the Indian Gaming Association, and labor unions is applying pressure to members of Congress to add language barring prediction markets from offering contracts […]
KuCoin EU Hires AML Chief After Austria MiCA Business Ban
[ad_1] Update (April 29, 17:15 UTC): This article has been updated to include comments from KuCoin EU’s AML officer Carmen Kleinhans and managing director Sabina Liu. KuCoin EU has appointed a new Anti-Money Laundering (AML) chief and expanded its compliance team in Vienna, weeks after Austrian regulators barred the exchange from taking on new business […]
Kalshi Suspensions Include State Senator Sponsoring a Prediction Markets Ban
[ad_1] Key Takeaways ▸ Kalshi suspended three political candidates for trading on their own elections, framing the activity as insider trading under its CFTC-approved rules. ▸ One of those candidates, Minnesota State Sen. Matt Klein, is also sponsoring legislation to ban prediction markets, adding a layer of political tension to the enforcement action. ▸ The […]
US Lawmakers Propose Legislation To Ban Betting on War and Death on Prediction Markets
[ad_1] US lawmakers are moving to prohibit prediction markets from offering contracts tied to war, assassination, terrorism or someone’s death. Senator Adam Schiff says he is introducing legislation aimed at banning so-called “death bets” on prediction market platforms. “Betting on war and death creates an environment in which insiders can profit off of nonpublic information, our […]
United Kingdom Considering Under‑16 Social Media Ban
[ad_1] The United Kingdom is considering new restrictions that could bar children under 16 from using mainstream social media platforms. The discussion builds on the Online Safety Act, which already requires services with minimum age limits to explain how they enforce them and to use “highly effective” age assurance measures where children are at risk […]