The New York City Council is investigating the marketing practices of prediction market platforms Kalshi, Polymarket, Coinbase, and Gemini Titan, focusing on allegations of misleading and predatory advertising. This probe follows reports that Polymarket used deceptive marketing tactics, prompting a federal investigation by the Commodity Futures Trading Commission. The council aims to protect consumers and may consider new legislation, but this inquiry is separate from ongoing state lawsuits accusing some platforms of illegal gambling operations. A hearing on the matter is planned to further explore these issues.
Circle Internet Group's stock rose 7% after it invested in crypto exchange OKX, which is valued at $25 billion and seeks regulatory approval to trade tokenized stocks. This move highlights investor confidence in crypto infrastructure companies over a...
Cathie Wood of ARK Invest emphasized following AI agents in investing, but recent SEC filings reveal a nuanced approach. ARK increased holdings in new IPOs like SpaceX and Cerebras Systems, which support AI agent infrastructure, while reducing shares...
