The Chicago Mercantile Exchange has expanded its cryptocurrency derivatives offerings with the launch of regulated options on Solana’s SOL and Ripple’s XRP, receiving formal approval from the US Commodity Futures Trading Commission. These new physically-settled products, available in both standard and micro sizes, provide institutional investors with flexible exposure to major altcoins despite recent market volatility that saw both assets plunge to multi-month lows before partially recovering.
read moreCommodity Futures Trading Commission (CFTC)
1 in Finance and 6 in Crypto last week
Crypto Rises as US Shutdown Freezes Economic Data
As the U.S. government shutdown delays key economic indicators and stalls regulatory progress, investors are increasingly turning to cryptocurrencies. Bitcoin has demonstrated resilience while meme coins like Shiba Inu and Dogecoin are riding waves of community sentiment. This shift highlights crypto’s growing role as both hedge and speculative play during political uncertainty.
read moreNorway Probes Nobel Peace Prize Betting Leak on Polymarket
Norwegian authorities have launched a formal investigation into suspected insider trading on crypto prediction platform Polymarket after unusual betting patterns emerged just hours before the Nobel Peace Prize announcement. The incident, which saw three accounts profit approximately $90,000 from well-timed wagers on Venezuelan opposition leader María Corina Machado, represents a serious breach of the Nobel Committee’s confidentiality protocols and has reignited regulatory concerns about event-based betting markets.
read moreKalshi Hits $5B Valuation in $300M Funding Round
The prediction market sector is experiencing unprecedented growth and investor enthusiasm as Kalshi secures a $300 million funding round at a $5 billion valuation, while rival Polymarket achieves a staggering $9 billion valuation in the same week. This dual funding announcement highlights the intensifying competition between two platforms that are rapidly reshaping how people bet on real-world events, from political outcomes to sporting events. With Kalshi recently capturing significant market share and both companies planning major geographic expansions, the battle for dominance in this emerging financial sector is reaching new heights.
read moreNevada Judge Blocks Crypto.com Prediction Markets
A Nevada federal judge has delivered a significant legal setback to Crypto.com, denying the cryptocurrency exchange’s request to block state gaming regulations from applying to its sports prediction markets. The ruling contradicts the same judge’s earlier decision favoring competitor Kalshi and hinges on a controversial distinction between ‘outcome’ versus ‘occurrence’ in contract definitions that legal experts call ‘completely fanciful.’ This decision represents growing tension between prediction market companies and state regulators, with potentially far-reaching implications for the emerging $95 billion prediction market industry.
read moreICE Invests $2B in Polymarket in Major Crypto Bet
Intercontinental Exchange, the parent company of the New York Stock Exchange, is making a massive $2 billion investment in prediction market platform Polymarket, valuing the crypto-based platform at $8 billion. This landmark deal represents ICE’s strategic entry into event-driven markets and signals growing institutional confidence in prediction markets and their data potential, marking the largest private funding round in crypto history.
read moreXRP Futures Surge Despite $3 Price Barrier
XRP futures positions have surged dramatically this month even as the cryptocurrency struggles to break through the critical $3 resistance level. Data reveals open interest has climbed to between $2.92 billion and $8.94 billion depending on the reporting service, highlighting significant institutional positioning. Meanwhile, spot trading volume has declined, creating conditions ripe for potential volatility.
read moreICE Invests $2B in Polymarket at $9B Valuation
Intercontinental Exchange, owner of the New York Stock Exchange, has made a landmark $2 billion investment in prediction market platform Polymarket at a $9 billion valuation, marking the largest single investment in the sector and signaling institutional validation for prediction markets as crypto’s next frontier. The deal positions the emerging sector for mainstream adoption through NYSE infrastructure and global data distribution, following recent regulatory clearance that has already fueled explosive market growth.
read moreNYSE Owner ICE Invests $2B in Polymarket Prediction Platform
Intercontinental Exchange, operator of the New York Stock Exchange, is making a strategic investment of up to $2 billion in decentralized prediction market platform Polymarket. The deal values Polymarket at $8 billion pre-investment and marks significant Wall Street validation for the DeFi platform, blending traditional finance’s oldest institutions with cutting-edge prediction markets that have demonstrated approximately 90% accuracy in forecasting real-world events.
read moreGaming Giants Rushing to Launch Crypto Tokens: Immutable
Major gaming companies are preparing to launch their own cryptocurrency tokens, marking a dramatic shift in the industry’s attitude toward blockchain technology. According to Immutable co-founder Robbie Ferguson, billion-dollar gaming firms that previously dismissed crypto are now actively exploring token launches. This reversal comes as US regulatory frameworks begin to provide clearer guidelines for digital assets.
read more