Cboe exits equities to chase derivatives & digital assets
Cboe Global Markets (CBOE), the $30 billion exchange operator, is selling its Canadian and Australian exchanges to TMX Group for $300 million, pivoting away from traditional equities toward derivatives, digital assets, and prediction markets. The deal closes the latest chapter in a broader portfolio retreat as the company also wound down its Japanese equities business last year. The future is crypto. Read more →
Kalshi Eyes Crypto Expansion with Perpetual Futures
According to The Information, Kalshi plans to enter the crypto trading market by offering perpetual futures. The prediction markets leader, which holds CFTC licenses and recently secured a margin trading license, aims to compete with exchanges like Coinbase, Kraken, Binance, and Hyperliquid. This expansion follows a report that the CFTC may allow such products in the U.S. Shortly after the scoop, rival Polymarket also announced plans to offer perpetual futures. Read more →
Crypto’s political machine is heading into the midterms loaded
Bloomberg reports that industry-linked PACs and super PACs are now sitting on roughly $180 million, with Fairshake still holding the vast majority after becoming a force in the 2024 cycle. Since January, only about $11 million of new money has come in, much of it tied to Fellowship PAC, a newer group linked to Tether – but the bigger point is that crypto already banked so much cash last year that it does not need to sprint to stay relevant. Fairshake alone reportedly has nearly $166 million on hand, giving the industry a political bankroll that can rival some of the biggest traditional Republican super PACs. Read more →
Florida Is Testing New Alternative Pesticide (From MedX)
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