Legacy sportsbooks are chasing prediction markets that already trade billions each month
DraftKings told investors on June 9 that its prediction markets business is scaling fast, and the market liked what it saw. The company's Form 8-K reported that May 2026 annualized consumer volume in its Predictions offering rose 24% month over month to $1.3 billion, while annualized total volume traded climbed 34% to $3.1 billion. Shares […] The post Legacy...
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Major crypto exchanges cancel SpaceX IPO allocations, promising refunds
Elon Musk’s SpaceX completed its landmark IPO on the Nasdaq on Friday, but crypto users seeking tokenized exposure to the IPO were left empty-handed after allocations fell through....
SEC targets 20-year-old rule standing between Wall Street and blockchain trading
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Sam Bankman-Fried loses appeal to overturn 25-year prison sentence
A federal appeals court upheld the former FTX chief’s conviction, while his bid for clemency from President Donald Trump appears to face steep political odds....