Highlights The CFTC has filed a lawsuit against New York, asserting its exclusive authority over prediction markets. A coalition of 37 states supports Massachusetts in a key legal battle against prediction market provider Kalshi. States are increasing enforcement actions against prediction markets, framing them as violations of existing gambling laws....
Category: NFT News
How the Crypto-Aligned Fellowship PAC is Making Waves in the Texas Senate Race
Highlights:Fellowship PAC has spent over $3 million on advertising to support Texas Attorney General Ken Paxton.Involved in key Senate races, the PAC aims to bolster pro-crypto candidates heading into the 2026 midterms.Prediction markets are becoming a controversial space as candidates face penalties for insider trading. Introduction to Crypto Political Action...
Animoca Brands Strengthens Its Position: Somo Joins the Roster as NFT Market Surges in 2026!
Highlights Animoca Brands has successfully acquired gaming and digital collectibles company Somo, integrating its functionalities into its broader blockchain ecosystem. The NFT market experienced a robust recovery early in 2026, with a 20% increase in market capitalization within just two weeks. Despite these recent gains, the NFT sector remains significantly...
Foundation Closes NFT Marketplace Following Unsuccessful Auction
HighlightsFoundation, a prominent NFT marketplace, is shutting down after a failed acquisition by Blackdove.The closure reflects the ongoing decline in NFT trading activity and market consolidation.Despite challenges, some industry experts believe the NFT sector could eventually recover.Foundation's Rise and FallFoundation, a notable player in the NFT marketplace landscape, has announced...
Magic Eden Set to Ride the Wave of the Speculation Supercycle!
Highlights Magic Eden's CEO highlights a new trend in the crypto industry, referring to a "speculation supercycle" fueled by rising popularity in prediction markets and betting platforms. The company is set to launch a decentralized gaming and betting platform, Dicey, enabling users to host games and wager using cryptocurrency. The...
