Key Takeaways Nine Democratic senators asked the CFTC to prohibit wildfire event contracts by Aug. 14. Lawmakers cited $1.2M in trading tied to California’s 2025 Palisades and Eaton fires. Polymarket says the markets inform rather than
Key Takeaways Patrick Yaroch, a former FBI supervisory agent, was arrested July 31 on federal theft charges. Yaroch allegedly moved about $1 million from adversarial crypto wallets into personal accounts. The FBI has recovered roughly $925,000 as the
Key Takeaways Victims are planning class-action lawsuits against Coinkite after losing $88 million to the Coldcard wallet bug. Legal experts are sharply divided on Coinkite’s liability, complicating victims’ prospects for recovering funds. These potential product
Key Takeaways Türkiye blocked 47,493 betting sites and detained 5,629 suspects in 2026. One Istanbul probe tied $4B in transfers to crypto wallets and match-fixing. Prosecutors froze 6,314 bank accounts as the World Cup final kicked off. Crypto
Key Takeaways OG seeks a permanent federal injunction against Washington gambling enforcement. The exchange says Washington’s July 20 Kalshi injunction creates an imminent threat. OG invokes the CFTC’s July 14 order protecting completed Michigan event
Key Takeaways Wisconsin says election trades may disqualify voters from that same election. Intentionally voting while disqualified can constitute a Class I felony. Kalshi called the warning voter suppression and threatened legal action. Kalshi calls
Key Takeaways Judge Martinez froze Libra wallets after police traced the funds, exposing the networks used to hide them. Wallets moved millions through crypto exchanges, allowing authorities to use KYC rules to identify users. A
Key Takeaways The CFTC ordered Kalshi to fulfill Michigan users’ open trades normally. Kalshi had proposed force-liquidating positions after a state court order. Michigan’s original geofencing order carried a $120,000 daily penalty. Federal order protects
