Polymarket weighs KYC requirements amid global crackdown on prediction markets

Google engineer Michele Spagnuolo was arrested for allegedly using confidential search data to insider-trade on Polymarket, betting on most-searched individuals for 2025. He profited approximately $1.2 million using material nonpublic information before attempting to conceal proceeds through crypto swaps and international transfers. This marks the second major Polymarket insider-trading arrest, highlighting regulatory scrutiny of prediction markets.

Orca and Streamex launched a Solana-based secondary trading marketplace for tokenized assets, enabling accredited investors to buy and sell the gold-backed GLDY token through permissioned liquidity pools. The infrastructure uses KYC and compliance checks to restrict access while enabling 24/7 trading. The tokenized RWA market has grown to $34 billion, with exchanges racing to build regulated trading infrastructure for stocks, bonds, and commodities.

The payments giant can now legally conduct digital asset business activity in New York as it deepens its focus on blockchain-based settlement systems....