Goldman Sachs bans staff from finance and politics prediction markets

The post North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23% appeared on BitcoinEthereumNews.com. Key Takeaways North Carolina’s signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027. The state declines to require prediction platforms to hold a state license, recognizing CFTC authority instead. Sports betting operators face a separate, higher 23% tax on gross wagering revenue, up from 18%, effective immediately. A carveout sidestepping a fight Governor Josh Stein signed North Carolina’s $34 billion fiscal-year budget on July 7, enacting Senate Bill 257 – now Session Law 2026-41 – after more than a year of negotiations. The budget’s two key gambling provisions pull in opposite directions: the first raises the tax on licensed online sports betting from 18% to 23% of gross wagering revenue, effective immediately. The second, taking effect January 1, 2027, imposes a 6% tax on prediction market ope

North Carolina has broken with the wave of states fighting prediction markets in court, using its new budget to tax platforms like Kalshi and Polymarket at 6% while explicitly declining to regulate them – a posture that effectively recognizes federal authority over the sector even as other states sue to assert their own. Sportsbooks in […]

The 2026 World Cup highlights the growing integration of crypto in sports, impacting prediction markets, fan engagement, and digital asset adoption. The post World Cup 2026 meets crypto: what Norway vs England means for prediction markets and fan tokens appeared first on Crypto Briefing.

The post XRP price rises as SWIFT taps Ripple-linked banks for blockchain payments appeared on BitcoinEthereumNews.com. XRP price has climbed about 1.6% after SWIFT announced a blockchain payments pilot involving 17 banks, including several with Ripple ties. Summary XRP gained around 1.6% after SWIFT launched a blockchain payments pilot involving Ripple-linked banks. Spot XRP ETFs recorded $7.29 million in outflows, the largest daily withdrawal since March 2026. Technical indicators and derivatives data suggest sellers still hold the upper hand despite the rebound. According to SWIFT, the pilot will evaluate whether distributed ledger technology can support international payments across participating financial institutions. Among the banks involved are Standard Chartered and UBS, both of which have existing business ties with Ripple through crypto custody services or cross-border payment infrastructure built on the XRP Ledger. The announcement follows Ripple Treasury’s entry into the S

XRP price has climbed about 1.6% after SWIFT announced a blockchain payments pilot involving 17 banks, including several with Ripple ties. According to SWIFT, the pilot will evaluate whether distributed ledger technology can support international payments across participating financial institutions.…

The post Prediction markets spark insider trading fears. How firms are responding appeared on BitcoinEthereumNews.com. A supporter checks the gambling site ‘Kalshi” just before State Assembly member, Alex Bores (D-NY) gives a speech to supporters at his watch party at The Freehand Hotel after conceding the congressional race to Micah Lasher who will replace Rep Jerry Nadler (D-NY) in NY’s 12th Congressional District on June 23, 2026 in New York City. Laura Brett | Getty Images Insider trading is an emerging risk in the new world of prediction markets, and some companies – including Goldman Sachs – are taking steps to limit employees’ trades on the platforms. Goldman Sachs has banned its employees from trading on contracts related to events that are specific to the bank, as well as elections, financial markets, macroeconomic data and geopolitics, according to people familiar with the matter. A representative for Goldman declined to comment on the policy, but did state that the bank proh

The World Cup goal race is reshaping prediction markets and fan token dynamics, highlighting the evolving intersection of sports and crypto. The post World Cup goal race heats up prediction markets as Messi, Mbappé, Haaland chase 68-year-old record appeared first on Crypto Briefing.

The surge in crypto betting highlights growing interest in decentralized finance, but also risks regulatory scrutiny amid increasing market volumes. The post France faces Morocco in World Cup quarterfinal as prediction markets light up with over $4M in volume appeared first on Crypto Briefing.