DraftKings enters predictions markets
DraftKings (DKNG) has launched a standalone predictions app, formally entering the prediction markets industry. The app is separate from DraftKings’ core sportsbook and will roll out across major app stores in the coming days. Read more →
CLARITY Act Heads to a January Markup
White house crypto czar David Sacks says the Senate will finally markup the CLARITY Act in January. A “markup” is essentially the committee work session where senators debate the bill line-by-line, propose changes, and vote on whether it advances to the full Senate. One of the more notable policy fights to watch will be the banks lobbying against what they’ve been calling a stablecoin “rewards loophole,” fearing that more customers will choose to earn yield by holding stablecoins at crypto exchanges rather than coins or cash dollars at banks. Read more →
NYSE Owner in Talks to Invest in MoonPay at $5 Billion Valuation
Intercontinental Exchange (ICE), owner of the NYSE, is in talks to invest in crypto payments firm MoonPay as part of a funding round. The NY-based company is targeting a valuation of about $5 billion for an expected IPO. ICE already manages Bakkt, its proprietary crypto platform, and recently deployed $2 billion into Polymarket. Read more →
Coinbase sues 3 U.S. states over prediction markets Link»
Jump Trading faces $4B lawsuit over Terraform Labs collapse Link»
JPMorgan reiterates it doesn’t see a trillion-dollar stablecoin market by 2028. Here’s why »
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