Kalshi fends off tribal lawsuit as VC backing grows amid sports betting legal battles

Kalshi has just fended off a legal challenge from three California tribes, allowing the prediction market platform to continue offering sports-event contracts. Summary A federal judge has denied a preliminary injunction sought by three tribes, allowing KalshiEX LLC to continue offering sports-event contracts on tribal lands. Kalshi has recently filed a federal lawsuit against New…

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Senate Agriculture leaders want CFTC to regulate crypto spot trading

With support from both sides of the aisle, Senate agriculture leaders have introduced a bill to put crypto spot markets under the oversight of the Commodity Futures Trading Commission. Summary Senate Agriculture Committee has introduced a bipartisan bill to expand the CFTC’s authority over crypto trading in spot markets. The draft proposes registration requirements alongside…

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CFTC’s Caroline Pham targets December launch for leveraged spot crypto trading

Acting Commodities Futures Trading Commission Chairman Caroline Pham is pushing for the launch of leveraged spot crypto trading as soon as next month and has already held direct talks with regulated exchanges to bring the products to market. Summary CFTC acting chair Caroline Pham is working with regulated exchanges to launch leveraged spot crypto trading…

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Crypto has to win over Democrats: Centrifuge legal expert

According to Eli Cohen, Centrifuge’s chief legal officer, the crypto industry should take note of Democratic Socialist Zohran Mamdani victory in New York City’s mayoral election. The crypto industry, after all, needs democrats, Cohen says. Summary Recent local elections show a need for bipartisanship in crypto regulation There’s a risk of a future Democratic administration…

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The UK might still win the digital asset race

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. London’s fintech revolution transformed its financial landscape. Yet despite success stories like Monzo, which have scaled to over 13 million customers and over $1 billion in annual revenue since forming in 2017,…

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X user is boasting six-digit returns from a credit card-based Bitcoin investment. A survivor bias?

An anonymous Bitcoin investor, using the X moniker Sunny Po, detailed their experience investing in Bitcoin using credit cards for nearly two years. Through eight credit cards, Sunny Po managed to buy 1.4488 BTC and plans to buy more. While Sunny Po’s experience is arguably controversial, critics of such an approach deserve no less attention….

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Coinbase Europe settles Irish enforcement action for €21.5m

Coinbase Europe has conceded it breached anti-money laundering laws, agreeing to a settlement that includes a formal reprimand and a significant financial penalty from the Central Bank of Ireland. Summary Ireland’s central bank fined Coinbase Europe €21.5 million for anti-money laundering monitoring failures between 2021 and 2025. The exchange admitted it failed to properly review…

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Switzerland opens stablecoin consultation as experts see potential to strengthen franc

Switzerland has launched a public consultation for stablecoins through a proposal that introduces a new regulatory framework for issuers under FINMA oversight. Summary Switzerland has opened a public consultation for a new stablecoin licensing framework under FINMA oversight. Industry experts believe stablecoins could strengthen the Swiss franc. Swiss regulators published the proposal on Oct. 22,…

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