Crypto Regulation & Market Outlook - The goal is to make the United States the crypto capital of the world [1]

Welcome to bake list where today we are exploring prediction markets. There are a ton of questions going around about prediction markets. Maybe initially what are they? But really why are they capturing so much attention right now. Who are the big players? Where do they come from? And maybe the big question is how big are prediction markets and how big can they get? some people think that they're going to become absolutely huge. And then why are prediction markets sometimes compared to sports betting platfo ...

Regulatory Landscape - The report discusses the potential merger of the SEC (Securities and Exchange Commission) and CFTC (Commodity Futures Trading Commission) [1] - The discussion includes takeaways from a joint roundtable and its implications for crypto regulation [1] Key Individuals - Former CFTC Chair @giancarloMKTS shares his insights [1] Event Information - A CoinDesk event featuring @giancarloMKTS is scheduled at 12 p.m ET [1]

Regulatory Compliance & Market Entry - Polymarket is set to reopen to U S users after nearly four years of an effective ban by the CFTC [1] - Polymarket acquired QCX LLC (now renamed Polymarket US) for $112 million [1] - The acquisition secured a Designated Contract Market (DCM) license [1] Business Expansion - The DCM license allows Polymarket to self-certify markets for U S users, including sports and election [1] - The launch could happen as early as tomorrow [1]

Personnel Change - The White House has withdrawn Brian Quintenz from consideration for CFTC chair [1]

According to Eleanor Terrett, the White House has withdrawn Brian Quintenz’s nomination to serve as Chair of the CFTC. Quintenz stated that being nominated and going through the confirmation process was a significant professional experience. He added that he looks forward to returning to the private sector during this period of active innovation in the United States. https://t.co/22EzmjtOMb ...

Regulatory Environment - Current SEC and CFTC actions are viewed positively within the crypto industry [1] - There's concern that current pro-crypto regulatory stances are not permanent [1] - A change in the law is needed to ensure future administrations cannot reverse current progress [1] Risk Assessment - The potential return of figures like Gary Gensler could undo current regulatory work [1] - The crypto industry seeks a "permanent fix" to prevent future regulatory rollbacks [1]

Crypto Policy & Regulation - The discussion revolves around the GENIUS Act and its implications for the crypto industry [2] - Banks are actively opposing the GENIUS Act [2] - Stablecoins have emerged as a central point of contention in the debate [2] - The bank lobby, with $700 million, is significantly influencing U S policy [2] - The industry needs to stay informed on U S crypto policy [2] Key Players & Market Structure - SKMersinger (CEO of Blockchain Association, ex-CFTC) provides insights [1] - The roles of CFTC and SEC in market structure are discussed [2] Future Outlook - The discussion looks ahead to 2026 regarding policy [2] - Prediction markets and policy battles are highlighted [2]

🚨UPDATE: US CFTC TO EXPLORE TOKENIZED COLLATERAL IN DERIVATIVES MARKETS, INCLUDING STABLECOINS, SAYS ACTING CHAIR CAROLINE D. PHAM ...

BREAKING: 🇺🇸 White House seeks new crypto-focused candidates for CFTC chair after Quintez’s confirmation stalls. ...