The post North Carolina Budget Puts Prediction Markets to the Test appeared on BitcoinEthereumNews.com.
North Carolina just turned the prediction market debate from internet chatter into line items. The new state budget package would authorize prediction markets and tax operators at 6% of net trading-fee revenue, with revenue kicking in Jan. 1 if the bill becomes law. That is a real policy lever, not a think piece. For Kalshi, a federally regulated event-contract exchange, this is a state-level legitimacy test. Can a budget that recognizes and taxes the business finally give onshore prediction markets a clean foothold in a Southern state? Or do unresolved questions around election markets and product scope keep the brakes on? If you are a trader, founder, or compliance lead trying to map next steps, here is the practical read on what this budget likely means, where the risk lines still sit, and how to prepare without stepping on rakes.
Aspect What to Know
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The post Morning Minute: Paradigm Raises $1.2B Fund as Crypto’s Top VC Pushes Into AI appeared on BitcoinEthereumNews.com.
Morning Minute is a daily newsletter written by Tyler Warner. The analysis and opinions expressed are his own and do not necessarily reflect those of Decrypt. And check out our new daily news show covering all of the top stories in 5 minutes, downloadable on Apple Pod or Spotify. GM! Today’s top news: Crypto majors slightly rebound as Iran tensions ease; BTC +1% at $62.7k ARB (+13%) and LIT (+10%) lead alt movers BNB shares plans for new L1 focused on AI agents and quantum Robinhood Chain does $500M+ in DEX volume as meme mania continues Paradigm raises $1.2B for new AI fund 💸 Paradigm Raises $1.2 Billion Fund as Crypto’s Top VC Pushes Into AI Paradigm raised a $1.2 billion fund to invest in what it calls the “technical frontier,” expanding beyond crypto into AI and robotics. Founded in 2018 by Matt Huang and Coinbase co-founder Fred Ehrsam, Paradigm built its nam
The post AI Trading Platform Launches on Sui with WaterX appeared on BitcoinEthereumNews.com.
A brand-new AI trading platform is making its debut on the Sui blockchain — and the crypto world is paying attention, even if the numbers haven’t moved yet. On July 8, 2026, WaterX announced itself as an AI-native trading gateway, combining perpetual contracts, prediction markets, and real-world assets into a single interface. The ambition is real. So is the challenge of proving it. Key takeaways WaterX launched as an AI-native trading gateway on the Sui blockchain on July 8, 2026. The platform integrates perpetual contracts, prediction markets, and real-world assets (RWAs) in one interface. WaterX is part of the Sui Moonshots program, backed by the Sui Foundation. At launch, trading volume stands at zero — the platform is in its early rollout phase. WaterX Predict is the platform’s AI-driven tool drawing early attention from traders and institutions. What WaterX Is Building on Sui Most crypto
The post Perpetual Futures Derivatives Expand Beyond Crypto with Kalshi appeared on BitcoinEthereumNews.com.
A prediction markets startup is now pressing into some of the most heavily traded corners of global finance — and the established players are not happy about it. Kalshi, which launched the United States’ first regulated perpetual futures derivatives contracts in May after receiving CFTC approval, is now in advanced talks with regulators to bring those same never-expiring instruments to metals, foreign exchange, and energy markets. Key takeaways Kalshi launched the US’s first regulated crypto perpetual futures in May following CFTC approval, generating $16.1 billion in trading volume since launch. The company is in advanced discussions with the CFTC to expand perpetual futures to metals including gold, foreign exchange, and energy commodities. Perpetual futures allow traders to hold positions indefinitely and use leverage of up to 50 times the contract value. CME has sued the CFT
The post Kalshi News: Appeal Raises New Stakes For Prediction Markets appeared on BitcoinEthereumNews.com.
Key Insights Kalshi news centered on a New York court appeal. State gambling rules gained ground against sports-event contracts. Prediction markets faced wider pressure from U.S. regulators. Kalshi news turned legal on Tuesday after the platform lost its injunction bid against New York gambling officials. The case in Manhattan tested whether sports-event contracts belonged under federal derivatives rules or state betting laws. The Kalshi news arrived as U.S. prediction markets faced legal pressure from several states. Courts had split on the same question, leaving platforms, regulators, and traders without a clear national standard. Kalshi News Appeal Follows New York Setback U.S. District Judge Analisa Torres denied Kalshi’s preliminary injunction request in the Southern District of New York. Her order found that New York gambling laws were not preempted by the Commodity Exchange
North Carolina budget would authorize prediction markets and tax operators’ net fees at 6% from Jan. 1 if signed, setting a state-level test for Kalshi.
The post Judge Torres Deals Major Blow to Kalshi as New York Sports Contracts Face Scrutiny appeared on BitcoinEthereumNews.com.
Key Takeaways: In New York, Judge Analisa Torres granted denial to Kalshi’s request for a preliminary injunction. The court ruled that the Commodity Exchange Act (CEA) does not preempt New York gambling laws. The decision may embolden other State challenges to sports-event contracts. Kalshi has suffered a major setback in its lawsuit against New York regulators when Judge Analisa Torres denied its request for a preliminary injunction. The ruling then lets the case proceed to settle the state’s right to regulate gambling-related functions. The ruling is drawing a lot of attention in crypto and prediction markets in light of one of Kalshi’s main claims to immunity: federal commodity law protects the platform from state gambling laws. Read More: Kalshi Adds XRP Perpetuals in the U.S. New York Wins Key Round Against Kalshi Kalshi has claimed that its sports-event
The post Kalshi loses New York court battle as Google bans prediction market extensions appeared on BitcoinEthereumNews.com.
Kalshi has lost another round in court. A federal judge has turned down the company’s request to stop New York from applying its gambling laws to the prediction markets platform. U.S. District Judge Analisa Torres in Manhattan issued the ruling on Tuesday. She said Kalshi was not entitled to a preliminary injunction. She reasoned that the federal Commodity Exchange Act does not override New York’s gambling laws when it comes to Kalshi’s sports-event contracts. Torres said New York has strong reasons for its position. She pointed to the state’s goals of stopping gambling addiction, protecting the integrity of sports, and keeping unregulated contracts from spreading. Those interests, she wrote, “heavily” outweigh Kalshi’s arguments about federal law taking priority, and about customers running into what the company called “intractable” tech problems. “Kalshi has no
