CFTC sues Wisconsin over prediction market regulations

The Commodity Futures Trading Commission (CFTC) sued Wisconsin and key state officials Tuesday over their recent crackdown on prediction markets, arguing the federal regulator has exclusive jurisdiction over the platforms. The agency took aim at the Badger State for suing five prediction markets — Coinbase, Kalshi, Robinhood, Polymarket and Crypto.com — for allegedly running illegal……

Read More

Paystand Launches USDb Stablecoin on Bitcoin Rails for Business Payments

Paystand is launching USDb, a US dollar-backed stablecoin built on Bitcoin-linked infrastructure for use in business payments, including accounts receivable, accounts payable, payroll and treasury operations. According to Tuesday’s announcement, the token is issued on Bitcoin-linked rails, including Rootstock, and interoperates with infrastructure from Blockstream. It will roll out first across Paystand’s payments network, which…

Read More

Florida Republican announces he will retire from House after term ends

Rep. Daniel Webster (R-Fla.) announced Tuesday he will not seek reelection after his term ends, joining the dozens of Republicans who are choosing to step down from their role amid congressional dysfunction.  So far, 36 House Republicans — including Webster, the most recent — have announced they will leave their seats at the end of their term,……

Read More