Industry Trends & Partnerships - Robin Hood partnered with Koshi to launch sports betting prediction markets focused on the NFL and college football [1] - FanDuel is partnering with CME Group on events contracts tied to the S&P 500, gold and oil prices, and economic indicators [1] - Prediction markets are providing a backdoor for sports betting in states like California and Texas that do not have legal licensed state sports betting [7] Regulatory Concerns & Public Health - The rapid expansion of gambling in the US over the last seven years, with few guardrails, may be causing unnecessary harm [3][4] - 50% of men between 18 and 49 have a sports betting app, and 60% of high schoolers have gambled within the last year [5] - States are claiming that Koshi and Robin Hood are offering gambling and should be responsive to state gambling regulators, not just the CFTC [9] - The American Gaming Association CEO believes that if it looks like a bet and acts like a bet, then it is a bet and should be regulated [11] Potential Solutions & Industry Self-Regulation - Adding friction to gambling platforms, such as limiting deposits and making withdrawals easier, could help prevent problem gambling [17][18] - The industry could self-regulate, but there is currently no incentive to do so [25] - Industry standards may be more effective than congressional mandates, but the threat of congressional regulation could incentivize self-regulation [26]

Regulatory Environment - The cryptocurrency industry is gaining momentum due to Trump's clarity push and discussions surrounding the Clarity Act [1] - The regulatory wave is providing structural support for XRP and altcoins [1] Market Outlook - The cryptocurrency market demonstrates resilience with strong structural underpinnings [1]

India's move to tackle the harm caused by betting apps will have unintended consequences, writes @andymukherjee70 (via @opinion) https://t.co/DUzGSi934S ...

RT The Block Podcasts (@TheBlockPods)ICYMI: CoinFund investor breaks down Trump’s crypto executive order and SEC’s Project Crypto@coinfund_io investor @kavancane joined @imyoungsparks and @Timccopeland to discuss discuss the evolving U.S. regulatory stance on crypto, including the SEC’s Project Crypto and rulings on liquid staking and more!OUTLINE00:00 - Introduction00:42 - Crypto in 401Ks and U.S. regulatory shifts03:42 - Roman Storm trial04:47 - Explosion of perpetuals trading06:18 - Exchange competition0 ...

Regulatory Action - South Korea's Financial Services Commission (FSC) has ordered domestic exchanges to suspend all crypto lending programs, citing risks of user losses and operation in a legal gray zone [1] - Exchanges must comply with the FSC's order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but has barred fresh lending [3] - The regulator plans to formalize digital asset lending with new guidelines once user safeguards are in place [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's lending program [2] - About 13% of the loans were liquidated due to price swings [2] - The FSC flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Lending Program Details - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] Future Outlook - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3] - Leveraged lending is currently on pause but not ruled out in the future [3]

RT BSCN (@BSCNews)INDIA MAY SOFTEN CRYPTO TAX GRIP — CBDT OPENS TALKS- India’s tax office has opened formal talks with crypto firms, marking a potential shift from its harsh stance.- The Central Board of Direct Taxes (CBDT) circulated a detailed questionnaire to exchanges this month, asking for input on how to design a workable regime for virtual digital assets (VDAs).- Questions cover whether India should draft a dedicated law, which agency should oversee it, and how to refine tax rules.- Stakeholders were ...

COMMENT: The questions focus on whether India needs a dedicated law, which agency should regulate it, and how tax rules should be improved.BSCN (@BSCNews):INDIA MAY SOFTEN CRYPTO TAX GRIP — CBDT OPENS TALKS- India’s tax office has opened formal talks with crypto firms, marking a potential shift from its harsh stance.- The Central Board of Direct Taxes (CBDT) circulated a detailed questionnaire to exchanges this month, asking https://t.co/YwlFxaBLyU ...

Cryptocurrency Market Overview - U.S spot Ethereum ETFs hold over 5% of the total ETH supply [1] Regulatory Developments - Illinois passed two cryptocurrency regulation bills concerning exchanges and crypto ATMs [1] - South Korea mandates exchanges to halt cryptocurrency lending services pending new regulatory guidelines [1]

🇰🇷 TODAY: South Korea's Financial Services Commission issues administrative guidance ordering crypto exchanges to suspend new lending operations until proper guidelines are established. https://t.co/Fc65usPkQi ...

Regulatory Action - South Korea's FSC ordered domestic exchanges to halt all crypto lending programs, citing legal gray areas and user loss risks [1] - Exchanges must comply with the suspension order or face on-site inspections [1] - The FSC will allow existing contracts to be repaid or extended but prohibits new lending [3] Market Impact - Approximately 27,600 investors borrowed ₩1.5 trillion (approximately $1.1 billion) in the first month of one firm's program [2] - About 13% of borrowers faced liquidation due to price swings [2] - The agency flagged market disruption, citing an abnormal USDT sell-off linked to the new lending services [2] Industry Response & Future Outlook - The crackdown follows the rapid rise of lending services launched in July [2] - Upbit allowed users to borrow up to 80% of their deposits against BTC, XRP, or USDT [2] - Bithumb offered loans worth up to four times collateral [2] - South Korea is shifting towards structured crypto regulation, preparing spot ETFs, easing institutional curbs, and drafting a stablecoin framework pegged to the won [3]