

This week saw key developments in prediction markets and digital asset regulations. The UK proposed tax reforms for specific digital transactions, treating stablecoins more like currency, while the U.S. intensified actions against prediction-market enforcement and crypto scams. The CFTC sued Utah to assert federal control over prediction markets, countering state gambling laws. The FCA restricted…

The recent surge in prediction markets has coincided with the upcoming presidential election, as those seeking a supplement to traditional polling look to new methodologies. As election day draws closer, established prediction markets have seen their volumes skyrocket, while fresh players are jumping in to launch their own platforms. This sudden influx of companies offering…