Tennessee orders Kalshi, Polymarket and Crypto.com to cease sports betting contracts
The firms, federally regulated by the CFTC, were told to shut down Tennessee-based activity, refund deposits, and void open contracts by Jan. 31.
Crypto.com
Connecticut Orders Kalshi, Robinhood, Crypto.com to Cease Sports Betting
The state of Connecticut fired a legal volley against sports events contracts with a trio of cease-and-desist orders sent on Wednesday to major prediction-market operations — Robinhood, Kalshi and Crypto.com. The state’s Department of Consumer Protection accused the companies of “conducting unlicensed online gambling, more… Read More
Fanatics Enters Prediction Markets via Crypto.com Partnership
Sports merchandiser Fanatics is moving into the prediction markets business through a partnership with Crypto.com, CEO Michael Rubin said in an interview with CNBC on Thursday. The new platform is expected to launch “in the next couple weeks,” Rubin added, though he did not share… Read More
Crypto.com Seeks OCC National Trust Bank Charter — What It Means for Crypto Holders
Crypto.com has applied to the U.S. Office of the Comptroller of the Currency (OCC) for a national trust bank charter, a step it says would expand its federally supervised crypto-custody services for institutions. In Friday’s announcement, the exchange framed the filing as an extension of… Read More