Zeros

Call It What It Is: Courts Are Catching Up to Kalshi If you've spent any time in the digital assets space, you're no stranger to platforms that dress up speculation in the language of finance. So when prediction market platform Kalshi started calling sports bets event contracts and pitching itself as a federally regulated investment tool, it probably didn't fool many of you. Now, it appears several judges are arriving at the same conclusion — though don't put your money on this one being over. A federal judge in Ohio ruled this week that Kalshi's prediction markets for sports amount to acts of gambling , and should come under state regulations rather than the federal commodities framework Kalshi has been hiding behind . U.S. District Judge Sarah Morrison was direct about it. She noted that currency exchange rates, weather, and energy costs affect commodity prices in a meaningful economic sense — the number of points scored in a college basketball game ...

PayPal vs. Coinbase: The Convergence You Didn't See Coming Wait, there's gambling on Coinbase now? If that headline made you do a double-take, you're not alone. But before we dive into what that means, let's talk about an even stranger development: Kalshi , the prediction market platform, now accepts direct payments from Venmo . Yes, that Venmo. The app you use to split brunch bills. And here's where things get interesting: Venmo is owned by PayPal , which has its own stablecoin (PYUSD) and cryptocurrency wallet functionality built right into both apps. Suddenly, the lines between traditional fintech and digital asset platforms aren't just blurring— they're practically invisible. The Coinbase Gambling Surprise Coinbase's recent move into prediction markets (which, let's be honest, is essentially gambling with a fancy name) caught many users off guard. The platform has always positioned itself as the accessible, regulated on-ramp to dig...