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Odaily News Cantor Fitzgerald has donated $10 million to the pro-crypto political action committee Fellowship PAC, which is chaired by Tether U.S. executive Jesse Spiro.Fellowship PAC, established in 2025, has secured over $100 million in pledged funding and aims to support candidates who advocate for digital asset-friendly regulation. The organization has previously spent over $1 million on advertising support in multiple elections.Cantor has a close relationship with Tether, having provided custody services for its stablecoin reserves since 2021. This donation further strengthens their collaboration at the policy level.In addition to Cantor, institutions such as Anchorage Digital have also participated in the donations. Industry insiders believe that as regulatory battles intensify, the crypto industry is continuously increasing its political investment in Washington to push for a clearer and more enforceable regulatory framework.
Odaily News Cantor Fitzgerald pointed out in its latest report that with the rapid rise of prediction markets, Robinhood and Coinbase are poised to become major beneficiaries in this sector, leveraging their massive retail user base and mature trading infrastructure. Although leading platforms like Kalshi and Polymarket remain private companies, Robinhood and Coinbase have already begun entering this market by integrating event-driven trading within their applications.Cantor noted that prediction markets allow users to trade contracts based on real-world events such as elections and economic data, with prices reflecting the crowd's probability judgments. This model is similar to stock and crypto trading platforms, primarily generating revenue through trading activity fees. Among them, Robinhood's prediction market product, launched after the US election, has grown rapidly and has become one of its fastest-growing revenue streams; Coinbase is gradually opening related features to users by integrating Kalshi's infrastructure.The report believes that prediction markets not only have retail trading potential but may also play a role in institutional hedging and macro forecasting in the future. However, regulation remains the biggest uncertainty, as its legal status is still debated between being classified as a derivative or gambling. (CoinDesk)