CrispyBull

Ohio has ordered Kalshi, Robinhood, and Crypto.com to halt their sports prediction markets, citing concerns over unlicensed gambling, underage access, and lack of oversight. The move underscores a growing clash between state regulators and federally approved fintech platforms offering event-based trading products.

A $15 million prediction market on Polymarket about a potential U.S. Bitcoin reserve has erupted in controversy after a proposed “Yes” outcome sparked dispute. The unresolved market highlights the limitations of oracles and the challenges of defining truth in decentralized systems.

Robinhood is under regulatory scrutiny for its NCAA-themed event-based contract feature, which critics say blurs the line between investing and gambling. Massachusetts authorities worry the gamified approach could mislead younger users into risky financial behavior.

Once a pioneer in business intelligence, Strategy (formerly MicroStrategy) has reshaped its identity into a Bitcoin investment powerhouse, amassing nearly 500,000 BTC while scaling back its enterprise software division. With aggressive stock sales and debt financing fueling its crypto acquisitions, the company now walks a fine line between visionary financial strategy and high-stakes speculation in an increasingly volatile market.

Decentralized finance (DeFi) is reshaping sports betting by eliminating middlemen and using blockchain-based smart contracts to automate wagers, ensuring transparency and instant payouts. As platforms like BetDEX, Polymarket, and Wagerr gain traction, the rise of DeFi sportsbooks signals a shift toward a trustless, peer-to-peer betting ecosystem - but regulatory uncertainty looms over its mainstream adoption.