The Commodity Futures Trading Commission (CFTC) has ordered Kalshi to continue operating its prediction market exchange after New York sought to shut it down, citing a market emergency. The CFTC argued that forced liquidation of certain positions, including a hypothetical bitcoin contract, could cause widespread financial disruption beyond just prediction markets. This move counters New York's gambling law enforcement, which claims Kalshi's contracts are illegal sports wagers. However, a federal judge recently ruled Kalshi's contracts are not swaps under federal law, complicating jurisdiction. The legal battle highlights a split among courts on whether such event contracts fall under federal swap regulations, with implications for state versus federal control over these markets.
Royal Caribbean is close to securing a $3 billion deal to acquire a 50% equity stake in Sandals, valuing the Caribbean resort chain at $6 billion. This move aims to expand Royal Caribbean's presence in land-based vacations, complementing its cruise b...
Moov has introduced Moov Money, a real-time peer-to-peer payment service developed with Visa and Mastercard. This solution allows users to send and receive money through their digital banking provider using any eligible Visa or Mastercard debit card,...
Sui has introduced GraphQL subscriptions on its Mainnet, enabling developers to stream real-time blockchain data such as checkpoints, transaction blocks, and events through a single WebSocket interface. This upgrade replaces the older JSON-RPC system...
Only 36 of the top 100 altcoins currently show profits for holders, while Bitcoin has risen about 28% in the past two years. The altcoin market has struggled since an October 2025 liquidation event, with many tokens trading well below their 200-day a...
Apple is developing a new screen-less fitness tracker, described as a thin fabric band with sensors, to compete with Whoop. The product is still in the exploratory phase, with prototypes made, and is not expected to launch before 2028. This new devic...
