Kalshi’s Perps Pivot: Prediction Markets Go Derivatives

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 Why Dogecoin Weakens When Leverage Cools appeared on BitcoinEthereumNews.com. Dogecoin’s best days often arrive when derivatives desks are leaning long, funding is positive, and traders feel safe adding margin. When that leverage fades, so does DOGE’s leadership. The pattern keeps repeating across cycles: meme majors overdeliver in good times, then underperform when markets flip to risk-off. Recent derivatives and flow data show how quickly the regime can change. In mid-May, DOGE’s futures engine was roaring. Days later, it stalled and then faced headwinds as broader crypto de-risked. Understanding this on/off dynamic helps explain why price momentum can evaporate in hours and what signals to watch before it does. This piece unpacks the mechanics: how leverage props up meme majors, what a risk-off tape does to perps and liquidity, and the practical dashboard you can use to stay ahead of sharp drawdowns. None of this is financial advice; meme assets remain highly volatile and s

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.

SHIB derivatives lead spot: $46.72M open interest and 5x futures/spot volume show why meme liquidity shapes price in weak tapes. Practical signals and steps.

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 Kalshi Sues Minnesota to Block First US Felony Ban on Prediction Markets appeared on BitcoinEthereumNews.com. Key Takeaways Kalshi sued the state of Minnesota on May 28 to block SF4760, a felony ban set to take effect August 1, 2026. The CFTC filed its own suit against Minnesota within 24 hours of the bill’s May 18 signing. More than a dozen states have moved against Kalshi; the case could decide who regulates the sector. Minnesota’s First-in-Nation Felony Ban Kalshi, a federally regulated prediction market where users trade contracts on the outcome of real-world events, asked a federal court to strike down Minnesota’s SF4760, a law it says would criminalize its business in the state. Governor Tim Walz signed the measure on May 18, and it is set to take effect on August 1, 2026, making Minnesota the first U.S. state to treat the operation and advertising of prediction markets as a felony. The lawsuit, filed on May 28, argues the ban cannot stand because prediction markets are