News linked to both this project and an event.
据美国威斯康星州东区联邦地区法院 7月 28 日裁决，法院驳回了 CFTC 要求禁止威斯康星州对 Kalshi、Coinbase、Robinhood、Polymarket及 Crypto.com 等平台的体育相关事件合约执法的初步禁令申请。法院认为，CFTC 未能证明其主张——即《商品交易法》（CEA）对"掉期"的定义涵盖体育事件合约——具有胜诉可能性，且赌博监管属于州传统警察权范畴，联邦法律并未明确表示意图取代州法。此外，法院同时驳回了 Kalshi、Crypto.com 衍生品北美公司（CDNA）的介入申请及美国博彩协会（AGA）的被告介入申请。目前，CFTC 与威斯康星州的实质性诉讼仍将继续推进。
Emirates Airlines has officially offered cryptocurrency payment options via Crypto.com Pay. Users can complete payments on the official website and within the app, with transactions settled in UAE dirhams and complying with UAE regulatory requirements. This initiative aims to enhance payment method options and align with the cashless strategy goals under the Dubai D33 Economic Agenda. Crypto.com is responsible for converting the relevant crypto payments into regulated AED stablecoins or fiat currency before settling them to Emirates Airlines.
Odaily News Emirates has launched Crypto.com Pay on its website and mobile application. Eligible UAE residents can now use this service to pay for flight bookings priced and settled in UAE Dirhams. Transactions are processed through the Crypto.com Dubai entity and comply with UAE regulatory requirements. This feature fulfills the Memorandum of Understanding signed between Emirates and Crypto.com in July 2025. Users booking through the Emirates App will be redirected to the Crypto.com App for payment authorization, while desktop users can select Crypto.com Pay at checkout and scan a QR code to complete the payment. The Crypto.com Dubai entity, which serves as the payment infrastructure provider, holds a Stored Value Facility license from the Central Bank of the UAE and operates under the relevant framework. This service is currently limited to eligible UAE residents only. Emirates has not yet announced a launch plan for international customers, foreign currencies, or markets outside the UAE.
Crypto.com Custody has announced it will provide institutional-grade custody and liquidity services for XYO and XL1. This marks the first listing on a major trading platform for XL1 following its token sale, allowing qualified institutions and high-net-worth clients to store, manage, and exchange both tokens through a regulated pathway. Related assets will be held in client-segregated MPC wallets and held by bankruptcy-remote entities. Private keys are protected by multi-party computation running within a trusted execution environment. Clients have access to cold storage, audit trails, and Crypto.com’s institutional liquidity services. Eric Anziani, President and Chief Operating Officer of Crypto.com, stated that digital asset organizations require custody solutions that offer both security and liquidity. Markus Levin, co-founder of XYO, noted that after XYO was initially listed on the Crypto.com trading platform, the relationship between the two parties has continued to expand. In July 2026, Citadel Securities invested $400 million in Crypto.com at a valuation of $20 billion. In February 2026, the U.S. Office of the Comptroller of the Currency (OCC) conditionally approved Crypto.com to establish Crypto.com National Trust Bank.
According to Cointelegraph, Robinhood is negotiating with crypto trading platform Crypto.com to expand its prediction market business, planning to integrate yes/no event contract products provided by Crypto.com. People familiar with the matter stated that both parties are still in the discussion phase, and specific cooperation arrangements have not yet been finalized. Robinhood launched prediction market services in March 2025, initially offering related products through Kalshi to comply with regulatory requirements of the U.S. Commodity Futures Trading Commission (CFTC), and subsequently integrated ForecastEx and Rotella. Bernstein analysts recently raised the price target from $130 to $160 due to optimism regarding Robinhood's development in the prediction market and tokenized stock sectors, and predicted that prediction market business revenue could reach $1.7 billion in 2028. However, the U.S. prediction market industry currently still faces legal disputes between state and federal regulators.
the Brazilian Association of Crypto-Economics (ABcripto) has requested the Brazilian Central Bank to suspend a proposal that would introduce a 24-hour delay for large stablecoin transfers. The association opposes the Central Bank's previous recommendation to impose a 24-hour lockup window for stablecoin transfers exceeding $10,000, stating that the measure would impact transparent market participants using regulated entities, while illicit actors would remain unaffected. ABcripto's members include Binance, Coinbase, Crypto.com, and Tether.The Brazilian Central Bank cited Chainalysis' crypto crime report, noting that illegal transaction volumes reached an all-time high in 2025. ABcripto President Julia Rosin stated that illegal actors typically avoid regulated institutions, preferring platforms that do not require identity verification, mixers, cross-chain bridges, and other less transparent structures.ABcripto also stated that the lockup measure could undermine the near-instant settlement use case for stablecoins and push users towards unregulated service providers. Currently, the Brazilian Congress is discussing specific regulations for stablecoins, and the Brazilian Central Bank plans to classify stablecoins as electronic money, rather than under the current digital asset classification. (Bitcoin.com News).
Crypto.com announced the appointment of Iskandar Vanblarcum as Managing Director of its exchange, responsible for expanding the customer base and driving the development of new products and services for institutional clients, including regulated prediction markets and real-world asset-related business. Its near-term focus is on launching event contract products for institutions, with plans to gradually open compliant access to global customers.
prediction market platform Kalshi has announced support for the establishment of a new prediction market lobbying organization, Americans for Fair Markets, and has appointed Taylor Budowich, former White House Deputy Chief of Staff under the Trump administration, as a strategic advisor. The organization will confront the sports betting and casino industries, which it alleges are "trying to maintain their monopoly and spread misinformation about prediction markets to policymakers."According to reports, Americans for Fair Markets will push for federal-level regulatory policy for prediction markets and launch paid advocacy campaigns to counter what it calls "false narratives" about the industry. The organization will also join a broader industry lobbying camp, including the Coalition for Prediction Markets, which was founded in December 2025 with support from Coinbase, Crypto.com, and Robinhood.On the same day, the U.S. House of Representatives launched an investigation into Kalshi and its main competitor, Polymarket, focusing on how the platforms handle insider trading issues. As prediction markets face increased scrutiny in the United States and globally, related regulatory controversies continue to escalate.Kalshi stated that the new organization will support the U.S. Commodity Futures Trading Commission’s (CFTC) regulation of prediction markets and will advocate for KYC requirements, a ban on insider trading, and restrictions on markets related to violence and terrorism under a federal regulatory framework. John Bivona, Head of Government Relations at Kalshi, said: "We will not be outspent or out-organized by established interests trying to protect their monopoly." (Cointelegraph)
OdailyOdaily Planet Daily News Some career officials at the U.S. Commodity Futures Trading Commission (CFTC) were purged after raising compliance concerns about Polymarket, Crypto.com, and Gemini Titan, all of which are alleged to have business ties to the Trump family.The report states that then-acting CFTC Chairman Caroline Pham and Senior Legal Advisor Brigitte Weyls intervened in the relevant review process, helping these companies obtain approvals or avoid further investigations. The two later joined MoonPay and Gemini Titan, respectively.It is understood that the officials in question had previously expressed concerns that Crypto.com was not treating small retail investors fairly, that Polymarket's anti-fraud mechanisms were insufficient, and that Gemini Titan had not completed the review required for its launch.Furthermore, the report notes that during Trump's second term, the CFTC has dropped at least five crypto investigations and has only made public two enforcement cases involving digital assets, both targeting individual operators. In contrast, there were over 80 such cases during the Biden administration. (The New York Times)
Odaily Odaily報道， multiple senior officials at the U.S. Commodity Futures Trading Commission (CFTC) who had raised compliance concerns regarding prediction market platforms were subsequently suspended, subjected to internal investigations, and ultimately forced to leave their positions. The report states that these officials had expressed concerns about the following companies: Polymarket lacking adequate anti-fraud mechanisms; Crypto.com not treating small bettors fairly; and a Gemini-affiliated company having not yet completed necessary regulatory reviews.The investigation noted that all the aforementioned companies are believed to have business ties with the Trump family. Sources said that the then-acting CFTC Chair Caroline Pham and her senior advisor intervened to help these companies secure regulatory approvals.As of the end of 2025, two officials who raised the questions were placed on administrative suspension and subjected to internal investigations, while three other officials responsible for crypto enforcement faced similar treatment, none of whom were informed of the specific reasons. The report suggests this has created a signal within the CFTC to "avoid creating trouble for the relevant industry."The CFTC significantly scaled back crypto enforcement during the Trump era: the agency initiated over 80 crypto enforcement actions during the Biden administration, but only two during the Trump administration, both targeting individual operators rather than large corporations. Furthermore, Caroline Pham left the CFTC to join MoonPay, which has a partnership with Polymarket; her former senior advisor, Brigitte Weyls, joined Gemini Titan as General Counsel. The current CFTC Chair, Michael Selig, previously worked as a corporate lawyer for several crypto companies. (Cointelegraph)
Trump Media & Technology Group is significantly adjusting its strategy for the prediction market product "Truth Predict." The project, originally planned to launch full trading functionality in partnership with Crypto.com, may now only materialize as a marketing and promotional collaboration, with a notable contraction in the scale of its features.According to the latest regulatory filings, the project is still under development. However, the initial phase will be limited to a promotional partnership with prediction market platform OG.com, rather than embedding trading functions directly within Truth Social. The market's initial vision of an integrated "social + prediction market trading" model appears to be diminished.Earlier plans indicated that Truth Predict intended to allow users to convert platform credits into crypto assets and participate in trading events related to sports, inflation, and elections. However, the newly disclosed structure leans more towards an "external platform traffic-redirecting partnership," with specific commercial mechanisms yet to be clarified. Meanwhile, the prediction market industry is experiencing rapid expansion alongside regulatory conflicts. Platforms like Kalshi and Polymarket continue to expand their sports and event contract businesses, but are also facing jurisdictional disputes between state-level gambling regulators and federal authorities.Analysts suggest that the strategic downsizing of Truth Predict reflects the increasing uncertainty surrounding compliance structures, product forms, and regulatory boundaries for prediction markets. Particularly against the backdrop of an as-yet-unified U.S. regulatory system, related products are trending towards "asset-light cooperation" models rather than direct financial integration into social platforms. (Wired)
Crypto.com has announced that its UAE entity, Foris DAX Middle East FZE, has obtained a Stored Value Facility (SVF) license from the Central Bank of the UAE, becoming the first Virtual Asset Service Provider (VASP) in the region to receive this license.With this license, Crypto.com will officially launch a partnership with the Dubai Department of Finance, allowing UAE residents to use crypto assets to pay for government service fees. Related fund settlements will be conducted in UAE dirhams or dirham-pegged stablecoins approved by the Central Bank of the UAE.Furthermore, upon obtaining regulatory approval, Crypto.com also plans to leverage this license to advance the integration of crypto payments with Emirates Airlines and Dubai Duty Free.
Odaily Odaily Odaily The U.S. Commodity Futures Trading Commission (CFTC) on Tuesday sued the state of Wisconsin in an effort to uphold its regulatory authority after the state filed lawsuits against multiple prediction market platforms. In a statement, the CFTC said the lawsuit was filed in response to Wisconsin's legal actions against five CFTC-regulated prediction market operators: Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase. CFTC Chairman Michael Selig stated that states cannot circumvent clear congressional directives, and the agency will take legal action if they interfere with the implementation of federal laws regulating financial markets. This marks the fifth such lawsuit the CFTC has initiated against a U.S. state, following previous actions against New York, Arizona, Connecticut, and Illinois. Wisconsin had previously argued that prediction market contracts related to sporting events constitute illegal gambling and must obtain a state gambling license. The CFTC, jointly with the U.S. Department of Justice's Civil Division, filed a complaint in Wisconsin federal court, asserting its exclusive jurisdiction over prediction market event contracts operating as designated contract markets. The defendants include Wisconsin Governor Anthony Evers, state Attorney General Josh Kaul, and the state's gambling division.
on April 23, Wisconsin Attorney General Josh Kaul filed a lawsuit in Dane County against Kalshi, Robinhood, Coinbase, Polymarket, and Crypto.com, accusing these fintech and crypto platforms of facilitating illegal sports betting through event contracts. Josh Kaul is requesting the court to issue preliminary and permanent injunctions, declaring that the platforms' operations violate Wisconsin's gambling laws and constitute a public nuisance. The complaint states that repackaging wagers as event contracts does not change their fundamental nature, with approximately 90% of Kalshi's business coming from sports-related contracts, generating annualized revenue exceeding $1 billion. Robinhood and Coinbase are also implicated in the case, routing user orders to Kalshi's markets through distribution agreements. Regulators in Nevada, Arizona, and Tennessee have also taken similar legal actions or issued cease-and-desist orders.
According to CoinDesk, Wisconsin Attorney General Josh Kaul filed a lawsuit on April 24 against Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com, accusing these platforms of operating unlicensed gambling businesses under the guise of “event contracts.” The complaint cites marketing language used by the platforms themselves—for instance, Kalshi’s claim to be “the first legal sports betting platform in the U.S.,” and Polymarket’s statement that users can “bet on the outcomes of future events”—to argue that such contracts constitute wagering under Wisconsin law. The state government further noted that the platforms’ business model—charging fees per transaction—is functionally identical to casinos’ commission-based revenue structure. At the heart of this case lies a jurisdictional dispute: whether prediction market contracts fall under federal regulation by the Commodity Futures Trading Commission (CFTC) or are subject to individual states’ gambling laws. Similar lawsuits have already been filed by multiple states, and this conflict is expected to ultimately be resolved by the U.S. Supreme Court.
According to Cointelegraph, Crypto.com has reached a definitive agreement with online casino company High Roller Technologies to officially enter the prediction markets sector. This partnership will enable Crypto.com to offer event-based prediction market services to U.S. users via the CFTC-registered CDNA exchange. High Roller stated that the collaboration establishes a strong foundation for both parties in the prediction markets space. Analysts project that the prediction markets sector could reach $1 trillion by 2030, driven by growing demand for contracts tied to economic, business, and political events. Following the announcement, High Roller’s stock (ROLR) on the New York Stock Exchange doubled to $10.77. Prediction markets continue to face legal challenges in multiple jurisdictions, while relevant authorities are actively advancing regulatory compliance efforts.