Prediction markets firms take heat in Senate Commerce hearing scrutinizing surge

Prediction markets platforms such as those run by Kalshi and Crypto.com drew two hours of critical questioning in a U.S. Senate Commerce Committee hearing, including scrutiny on the platforms’ advertising practices, regulatory disputes and the cheating they may encourage. “We want athletes competing on merit, but the opportunity to make money can tempt gamblers —…

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EU opens MiCA consultation to review if crypto framework is still fit for purpose

The European Commission said it is seeking feedback on whether the European Union’s landmark crypto framework, the Markets in Crypto-Assets Regulation (MiCA), remains fit for purpose as digital asset markets evolve. The consultation, which remains open until Aug. 31, invites responses from both the public and industry stakeholders, including crypto firms, financial institutions, technology providers,…

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