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Simulated Profit Screens Spark Backlash: NYC Council Sends Letters Demanding Polymarket, Kalshi Answer 60+ Marketing Questions
Blockchain

Simulated Profit Screens Spark Backlash: NYC Council Sends Letters Demanding Polymarket, Kalshi Answer 60+ Marketing Questions

The New York City Council has sent investigative letters to four prediction market platforms—Polymarket, Kalshi, Coinbase, and Gemini—over advertising practices, risks of exposure to minors, and consumer protection, focusing on whether simulated trading videos mislead users.

SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem
Blockchain

SEC Delays Tokenized Exchange Exemption Again, Bullish and Coinbase Slide in Tandem

The SEC abruptly canceled a meeting on crypto asset issuance rules and pushed back its long-awaited "innovation exemption," sending Bullish tumbling 8% and Uniswap's UNI leading declines on the CoinDesk 20 Index, even as bitcoin and U.S. stock indexes stayed nearly flat on the same day.