Canada moves to ban crypto ATMs, labeling them as ‘primary method’ for fraud
Canada plans to ban cryptocurrency ATMs, citing their use as a "primary method" for fraud and money laundering. The country hosts approximately 4,000 crypto ATMs with minimal regulation. Multiple jurisdictions including Indiana, Tennessee, Australia, and New Zealand are implementing similar restrictions. FBI data shows U.S. crypto ATM fraud complaints reached 13,460 in 2025, totaling $389 million in losses—a 58% year-over-year increase, signaling global regulatory tightening.
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CFTC pulls Wisconsin into fight over prediction market jurisdiction
The CFTC sued Wisconsin, marking its fifth state lawsuit defending prediction market jurisdiction. Wisconsin had sued Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, claiming sports contracts violate state gambling laws. The CFTC argues federal law grants exclusive oversight of these designated contract markets, not states. This regulatory clash affects Indian crypto investors monitoring US market developments and potential global precedents for derivative platforms.