The native token of the BNB Chain, BNB, extended its recent advance, climbing more than 5% to $893 as it nears the $900 resistance level. The rally comes amid the debut of a physically backed BNB exchange-traded product (ETP) by crypto asset manager Virtune on Nasdaq Stockholm. The new product offers direct exposure to BNB with Coinbase as custodian and charges a 1.95% annual fee, further adding ways for investors to gain exposure to the cryptocurrency. The launch adds to a growing list of products tied ...

RAIN gained 16.62% over 24 hours to reach $0.0100. The token hit an all-time high of $0.0102 as trading activity increased following a new exchange listing. The token’s 24-hour trading volume reached $46.68 million, down slightly from $48.81 million the previous day, according to CoinGecko data. Over the past week, RAIN moved from a low of $0.00835651 to its current levels. The token’s market capitalization stands at $3.39 billion, placing it at rank 44 among cryptocurrencies. Exchange Listing Drives A ...

Core Viewpoint - The Connecticut Indian tribes have expressed concerns that Kalshi, a prediction market operator, is diverting funds from their casinos through its business practices, leading to legal actions and regulatory scrutiny [1][2]. Group 1: Legal Actions and Regulatory Environment - Kalshi filed a lawsuit against the Connecticut Department of Consumer Protection in December 2025, claiming the regulator threatened it with criminal and civil penalties for offering event contracts [1]. - Connecticut's regulatory authority issued cease-and-desist orders to Kalshi, Robinhood, and Crypto.com, demanding they stop offering unlicensed online gambling services to state residents [1]. - The Indian Gaming Association and 16 federally recognized tribes submitted an amicus brief, arguing that Kalshi is operating without permission on tribal lands and undermining their gaming revenues [2]. Group 2: Industry Growth and Valuation - The prediction market industry has experienced significant growth, reaching a notional volume of $6 billion in the past week, as reported by Dune Analytics [4]. - Kalshi's valuation surged to $11 billion following a $1 billion funding round in 2025, while its competitor Polymarket's valuation rose to $9 billion after a $2 billion investment from Intercontinental Exchange [4][3].

Core Insights - Miami International Holdings, Inc. has sold 90% of its equity in MIAX Derivatives Exchange to a joint venture formed by Robinhood Markets and Susquehanna International Group, retaining a 10% stake in the exchange [1][3] Group 1: Company Strategy and Growth - The sale of MIAXdx aligns with the company's strategy to partner with industry leaders to enhance growth opportunities and unlock value for shareholders [3] - The retained equity stake in MIAXdx allows the company to maintain exposure to the growing prediction market [3] Group 2: Market Position and Operations - MIAXdx is a Designated Contract Market and Derivatives Clearing Organization approved by the Commodity Futures Trading Commission to list and clear fully collateralized futures, options on futures, and swaps [2] - Miami International Holdings operates eight exchanges across various asset classes, including options, futures, equities, and international markets [4]

Group 1 - Robinhood Markets Inc. is recognized as one of the best performing stocks in the S&P 500 for 2025, with Morgan Stanley raising its price target to $147 from $146, maintaining an Equal Weight rating [1] - Truist initiated coverage of Robinhood with a Buy rating and a price target of $155 [2] - Morgan Stanley has increased its Q4 EPS estimates for Robinhood by an average of 5% due to strong transaction volumes in Q4 2025 [1][3] Group 2 - Robinhood has expanded its AI and prediction market capabilities, with prediction markets becoming the fastest-growing revenue stream, attracting over 1 million customers trading 11 billion contracts [3] - The launch of Robinhood Cortex, an AI-powered assistant for Gold subscribers, aims to enhance user experience by providing personalized insights and facilitating trades through plain-English commands [4] - The updated Robinhood Cortex experience is set to roll out in Q1 2026 for Gold members, who pay a subscription fee of $5 monthly or $50 annually [4] Group 3 - Robinhood operates a financial services platform in the US, enabling users to invest in various assets including stocks, ETFs, options, gold, and cryptocurrencies [5]

Hiring Activity - The company is hiring a quantitative trader in the US [1] - The role focuses on sports event prediction and market making [1]

Core Insights - Coinbase Global (COIN) is acquiring The Clearing Company to enhance its presence in the prediction market, with the transaction expected to close next month [1][9] - The prediction market is seen as a promising avenue for event-based trading, allowing COIN to diversify its revenue streams beyond transaction volumes [2] - This acquisition marks COIN's 10th acquisition in 2025, reflecting its strategy to evolve into a comprehensive investment platform [4][9] Company Developments - COIN recently launched a prediction market enabling users to trade on real-world event outcomes, which aligns with its acquisition strategy [2][9] - Max Branzburg, COIN's VP of Product Management, emphasized the shift of the financial system towards on-chain solutions, highlighting the potential of prediction markets [3] - The company aims to support innovation in the prediction market space by leveraging The Clearing Company's expertise [3] Competitive Landscape - Robinhood Markets (HOOD) is also pursuing growth through strategic acquisitions, enhancing its global crypto reach and institutional services [4] - Interactive Brokers Group (IBKR) has made strategic acquisitions to expand its services and improve technology, positioning itself for long-term growth [5] Financial Performance - COIN shares have decreased by 7.5% year-to-date, although this performance is better than the industry average [8] - COIN's price-to-earnings ratio stands at 41.83, significantly higher than the industry average of 23.72, indicating a potentially expensive valuation [10] - The Zacks Consensus Estimate for COIN's fourth-quarter 2025 EPS has decreased by 2 cents, while the estimate for first-quarter 2026 has increased by 7 cents [11]

https://t.co/1aQemhmjuy is looking for a new employee to work on a market making team that will face off against customers on the company’s prediction market exchange https://t.co/M90qMhiCQ3 ...

Market Insights - BSCN's prediction market analyst provides top prediction market insights [1] - The industry anticipates insane pre-Christmas markets [1] Event Announcement - BSCN is streaming live prediction market analysis at 12pm EST today [1]

📣 Live Today: Top Prediction Market Bets Right Now! 📣BSCN's prediction market analyst, @thejackiedutton, is back bringing you the best prediction market insights anywhere in the industry.Get ready for some insane pre-Christmas markets...Streaming at 12pm EST today.[NeverFinancialAdvice] ...