The Commodity Futures Trading Commission (CFTC) is making a bold move to claim full control over prediction markets, a fast-growing sector blending cryptocurrency with event-based betting. Instead of waiting for states to set rules, the agency is suing three states— Arizona, Illinois, and Connecticu
When the Iran ceasefire cooled oil prices, markets reacted fast. Stocks in Europe jumped to their biggest single-day gain in years. Bitcoin inched up, but two privacy-focused coins left it behind—Zcash climbed nearly 60% in a week, while Dash rose almost 47%. Most privacy coins moved higher too, but
Lawmakers in the U. S. are trying to create clear guidelines for cryptocurrencies, but progress is slow. Experts estimate there’s only about a one-in-three chance the new rules will pass in 2025. Some even predict the odds are closer to one in four. The main issue isn’t just about passing the rules—
A US senator is asking major sports organizations tough questions about their growing relationships with gambling companies. The letter targets six leagues—NFL, NBA, NCAA, MLB, NHL, and MLS—asking for details on partnerships with sportsbooks and prediction markets. Concerns include protecting athlet
In late March, officials sent a memo warning staff not to use insider knowledge to bet on market movements tied to Iran. The email came just hours after a high-ranking official announced plans to delay potential military action against Iranian energy sites. Some staffers may have thought the delay w
Tensions around the Strait of Hormuz often grab headlines, but one place keeps popping up in the middle of the drama: Kharg Island. This small but critical piece of land in the Persian Gulf isn’t just another dot on the map—it’s where a huge chunk of the world’s oil moves through a single terminal.
Prediction sites let people bet on almost anything, from sports scores to movie winners. They have grown fast and now attract millions of users who love the thrill of guessing outcomes. Some argue they’re just another form of gambling, while others say they offer useful data that can help businesses
Private credit has grown into a massive $3 trillion industry, but not all lenders are playing by the same rules. Weak lending standards and shaky agreements mean trouble could be brewing when the next economic downturn hits. Some players jumped into the game late, hoping to cash in without understan
A recent court decision flipped the script on how sports betting might be regulated in the future. A federal appeals court ruled that prediction markets—where people bet on sports outcomes—don’t fall under state gambling laws. Instead, they’re treated like financial contracts, overseen by a federal
Recently, some of the most well-known cryptocurrencies, outside of Bitcoin, have quietly gained ground despite tough economic times. Ethereum, for example, rose nearly 10% in a month when global conflicts and stock market drops made investors nervous. Chainlink and Solana also showed small gains, de
