Kalshi Sues Minnesota to Block First US Felony Ban on Prediction Markets

The post Hyperliquid HYPE Hits New ATH Above $67 as Volume Tops BNB Chain appeared on BitcoinEthereumNews.com. TLDR: HYPE surged above $67, setting a new all-time high and pushing market value beyond $14 billion. Hyperliquid’s trading volume surpassed BNB, reflecting growing user activity and liquidity. More than 45 million HYPE tokens have been removed through ongoing protocol buyback programs. Whale profit-taking emerged, while prediction market plans remained a focus for traders. The Hyperliquid HYPE token price continues to capture market attention after climbing to a new all-time high above $67. The latest rally comes amid strong platform growth, rising trading activity, and sustained token buybacks that have strengthened investor interest across the ecosystem. Hyperliquid HYPE Token Price Climbs as Trading Activity Accelerates Hyperliquid HYPE token price surged to a fresh record high, extending one of the strongest rallies currently unfolding in the digital asset market. The tok

The post DOJ charges Google engineer in Polymarket insider trading case appeared on BitcoinEthereumNews.com. The DOJ charges Google engineer Michele Spagnuolo in a case that puts prediction markets at the center of a corporate-information scandal. Federal prosecutors say the Google software engineer, known as “AlphaRaccoon” on Polymarket, used confidential company data to place bets and turned that access into more than $1.2 million in alleged profits. At the heart of the case is a simple but explosive claim: prosecutors allege nonpublic Google information was used not to trade stocks, but to wager on event-driven markets. As a result, the case has an unusual edge, tying alleged misuse of insider-style information to the fast-growing world of prediction markets. The U.S. Department of Justice has charged Spagnuolo with commodities fraud, wire fraud, and money laundering. According to the DOJ, the allegations cover a period from October to December 2025, during which he wagered approxim

The post How a disputed $1 billion claim became a powerful weapon against prediction markets appeared on BitcoinEthereumNews.com. On the American Gaming Association’s website, a counter has been climbing for months, tallying what the casino-and-sportsbook lobby says states and tribes have lost to prediction markets. On Thursday, it rolled past $1 billion, and the AGA moved fast to make a headline out of it, with President Bill Miller going on CNBC to warn that states and tribes were losing money that would otherwise fund community programs. Platforms like Kalshi and Polymarket let people trade contracts on real-world outcomes, and a fast-growing share of that activity amounts to sports betting by another route, with users buying yes-or-no positions priced like odds on questions such as who wins Sunday’s game. Because the Commodity Futures Trading Commission (CFTC) regulates them at the federal level, these platforms have been able to operate in all fifty states, including the ones wher

The post Kalshi’s Perps Pivot: Prediction Markets Go Derivatives appeared on BitcoinEthereumNews.com. US traders who wanted crypto perpetuals typically went offshore, accepting counterparty, legal and access risks. That calculus just changed. With new regulatory actions clearing a path for onshore perps and a major venue pivoting into derivatives, investors now face a practical decision: does a regulated prediction-market exchange offering perpetuals provide safer, comparable, and cost-effective exposure? This guide breaks down what changed, how perpetuals differ from event contracts, and what to check before you allocate risk. Aspect What to Know Regulatory milestone The CFTC approved Kalshi’s BTCPERP perpetual futures contract on May 29, 2026, creating a regulated onshore path for crypto perps. Market size signal Perpetuals processed roughly $85.3T in 2025, underscoring why onshore venues are entering the space. Institutional interest Large market-

The post Hyperliquid Eyes Wall Street Scale as HYPE Grows appeared on BitcoinEthereumNews.com. Hyperliquid posts $964,767 in 24h revenue as Grayscale sees its move beyond crypto into 24/7 blockchain markets. Hyperliquid is being described by Grayscale as more than a crypto derivatives venue. The platform has expanded from perpetual futures into tokenized stocks, commodities, prediction markets, and other assets. Its latest 24-hour revenue reached $964,767, but that amount did not fully cover HYPE rewards, which left mild inflation for the day. Grayscale Frames Hyperliquid As Blockchain Market Infrastructure Grayscale has described Hyperliquid as a blockchain-based financial infrastructure platform, not only a crypto exchange. The view places Hyperliquid in a wider market group, alongside venues such as Nasdaq, CME, and Kalshi. The report said Hyperliquid could support “24/7 markets on blockchain” if development continues and regulatory issues are managed. This view reflects the platfor

Hyperliquid posts $964,767 in 24h revenue as Grayscale sees its move beyond crypto into 24/7 blockchain markets. Hyperliquid is being described by Grayscale as more than a crypto derivatives venue. The platform has expanded from perpetual futures into tokenized stocks, commodities, prediction markets, and other assets. Its latest 24-hour revenue reached $964,767, but that amount […] The post Hyperliquid Eyes Wall Street Scale As $964K Revenue Still Trails HYPE Rewards appeared first on Live Bitcoin News.

The post CFTC Approves Bitcoin Perpetual Contracts, Signals Support for 24/7 Trading appeared on BitcoinEthereumNews.com. Felix Pinkston May 29, 2026 20:34 The CFTC approved Bitcoin perpetual futures on Kalshi and supports 24/7 trading for crypto derivatives, marking a shift in U.S. crypto regulation. The U.S. Commodity Futures Trading Commission (CFTC) has taken a significant step toward integrating crypto derivatives into regulated markets. On May 29, the agency approved Bitcoin perpetual futures contracts for Kalshi, a U.S.-regulated exchange, marking the first time such a product has been officially sanctioned by the CFTC. Alongside this, the regulator issued guidance supporting 24/7 trading for digital asset derivatives, further aligning with the global nature of crypto markets. Kalshi’s newly approved perpetual contracts allow traders to speculate on Bitcoin prices without owning the underlying asset. Unlike traditional futures, perpetual contracts have no expir

The post CFTC Backs Crypto Perpetual Contracts, Issues Advisory on 24/7 Trading appeared on BitcoinEthereumNews.com. The US Commodity Futures Trading Commission (CFTC) took positions on cryptocurrency perpetual futures contracts and how the industry may be more suited for “24/7 trading, clearing, and settlement.” In a Friday notice, the CFTC said it had approved perpetual futures contracts tied to the spot price of Bitcoin for prediction markets platform Kalshi. The company announced at about the same time that it would launch the perpetual futures contracts on its platform in a move closer to a derivatives exchange. “​​The Order was based on representations and submissions made by Kalshi in support of its request for Commission approval, including its explanation and analysis of the BTCPERP Contract’s terms and conditions, the nature of the underlying commodity market, and the BTCPERP Contract’s compliance with applicable provisions of the Commodity Exchange Act and the Commission’s r