Bitnomial

The Commodity Futures Trading Commission has cautioned prediction market operators that broad, template-style event contract certifications can fall short of regulatory requirements. The advisory underscores growing scrutiny of a fast-expanding market that includes political, sports and other event-based contracts.

Kraken parent Payward will acquire Hong Kong-based Reap Technologies in a $600 million deal as the crypto exchange expands its stablecoin payments infrastructure and Asia operations.