The New York City Council is investigating prediction market platforms Polymarket, Kalshi, Coinbase, and Gemini Titan for allegedly deceptive marketing practices and targeting minors. This follows a lawsuit by the New York Attorney General against Kalshi for operating an illegal gambling app. The Council has sent detailed questions to these companies about their earnings, user demographics, and marketing methods, with concerns about consumer protection laws. Meanwhile, the Commodity Futures Trading Commission defends Kalshi's operations, asserting its regulatory authority over prediction markets. The Council is considering new legislation and public hearings to address these issues, while Polymarket is revamping its marketing team to respond to criticism.
Coinbase has released a roadmap indicating it could take years to upgrade Bitcoin's cryptography to resist future quantum computer attacks. While no quantum computer currently exists to break Bitcoin's security, some Bitcoin addresses with exposed pu...
In August 2026, Donald Trump sold Coinbase shares and bought Strategy Inc. stock, both trades valued between $1,001 and $15,000. Since then, Strategy's stock surged nearly 59%, outperforming Coinbase's 21% rise. Coinbase faces longer-term challenges ...
