Raydium has pledged to fully reimburse losses after an exploit drained 
approximately $1.3 million from five legacy liquidity pools built on Solana. 
According to blockchain security firm PeckShield and on-chain investigator 
Specter, the attack targeted retired automated market maker infrastructure…

Raydium has pledged to fully reimburse losses after an exploit drained approximately $1.3 million from five legacy liquidity pools built on Solana. According to blockchain security firm PeckShield and on-chain investigator Specter, the attack targeted retired automated market maker infrastructure…

Raydium promises full refund after $1.3M Solana pool exploit

The US Commodity Futures Trading Commission (CFTC) has unveiled its first 
regulatory framework for prediction markets, releasing what it described as a 
proposed approach to governing the industry under American law. The plan, 
issued by the agency on Wednesday, would establish standards for certain types 
of wagering while leaving markets tied to elections and politics largely 
outside the category of activities that would trigger more intensive scrutiny. 
Where The Line Is Drawn The new proposal sets out how the agency would start 
determining whether a contract should be prohibited. Under the draft, the CFTC 
said it preliminarily views both sporting wagers and wagers involving games of 
chance and pure luck as falling under “gaming.” At the same time, it suggests 
that wagering on sports outcomes is likely not broadly contrary to the public 
interest, while staking money on gambling or games of pure luck likely would 
be. The framework further argues that prediction markets based on sports 
scores, price spreads, win-loss outcomes, tournament advancement, and similar 
data may serve a “price discovery” function and provide meaningful 
information. Related Reading: XRP May Reach $10 By 2027—But Bearish Conditions 
Could Push It Below $1, Expert Says Where the proposal draws sharper 
boundaries is with specific categories of sports-related betting. The CFTC 
indicated that wagering on player injury, fighting, children’s sports, 
officiating, or wagering structured in a way that could encourage cheating was 
unlikely to meet the public interest standard. The draft also addresses 
election-related contracts, noting that election wagers are “contests, not 
gaming,” and therefore fall outside the “enumerated activities” that would 
allow the CFTC to apply its 90-day review process to event contracts. The 
agency’s proposal also focuses heavily on how it would evaluate whether a 
contract crosses too far into areas like terrorism, war, or 
assassinations—topics that, the draft notes, domestically regulated exchanges 
have largely avoided offering. 45-Day Comment Period For Prediction Markets In 
its announcement, the CFTC acknowledged that the rules released Wednesday are 
“thin,” and said additional rulemaking about prediction markets could be 
introduced in the future. After Wednesday’s release, the proposed rule will 
undergo a 45-day public comment period. CFTC Chair Mike Selig emphasized the 
commission’s intent as it prepares for further steps in the rulemaking 
process. He said in a statement that the CFTC would protect the integrity of 
its regulated markets while still allowing “responsible innovation. Selig 
added that the new prediction markets proposal provides a durable and 
transparent framework for identifying the contracts Congress directed the 
agency to scrutinize, while also letting legitimate markets continue. Related 
Reading: Treasury Stablecoin Proposal Draws Major Warning From Hyperliquid 
Policy Center–Here’s Why Beyond defining the types of wagering that may fall 
on different sides of the line, the proposal lays out a step-by-step process 
for prohibitions. The CFTC would first determine whether the contract is 
actually tied to an event happening. It would then evaluate whether the event 
fits within the categories defined in the Commodity Exchange Act, and finally 
conduct a public interest analysis to decide whether the prediction markets&#8217; 
contract should be banned or allowed. Featured image created with OpenArt; 
chart from TradingView.com

The US Commodity Futures Trading Commission (CFTC) has unveiled its first regulatory framework for prediction markets, releasing what it described as a proposed approach to governing the industry under American law. The plan, issued by the agency on Wednesday, would establish standards for certain types of wagering while leaving markets tied to elections and politics &#8230;

Prediction Markets’ Wild West Days May Be Over: CFTC Drafts Its First Major Framework

Rising deficits may drive interest in Bitcoin as a hedge against currency 
debasement, but higher Treasury yields could challenge crypto appeal.
The post US monthly budget statement shows $293B deficit in May appeared first 
on Crypto Briefing.

Rising deficits may drive interest in Bitcoin as a hedge against currency debasement, but higher Treasury yields could challenge crypto appeal. The post US monthly budget statement shows $293B deficit in May appeared first on Crypto Briefing.

US monthly budget statement shows $293B deficit in May

The CFTC&#8217;s proposed regulations could streamline prediction markets, 
potentially reshaping state-federal dynamics and market operations.
The post CFTC proposes first federal regulations for sports gambling on 
prediction markets appeared first on Crypto Briefing.

The CFTC&#8217;s proposed regulations could streamline prediction markets, potentially reshaping state-federal dynamics and market operations. The post CFTC proposes first federal regulations for sports gambling on prediction markets appeared first on Crypto Briefing.

CFTC proposes first federal regulations for sports gambling on prediction markets

The new model picker enhances user experience by offering tailored response 
options, potentially increasing productivity and user satisfaction.
The post OpenAI updates ChatGPT model picker for pro users with six new 
response tiers appeared first on Crypto Briefing.

The new model picker enhances user experience by offering tailored response options, potentially increasing productivity and user satisfaction. The post OpenAI updates ChatGPT model picker for pro users with six new response tiers appeared first on Crypto Briefing.

OpenAI updates ChatGPT model picker for pro users with six new response tiers

This transfer could reshape Barcelona&#8217;s goalkeeping strategy and intensify the 
rivalry with Espanyol, impacting future cross-city dynamics.
The post Barcelona signs goalkeeper Joan García from RCD Espanyol in historic 
cross-city transfer appeared first on Crypto Briefing.

This transfer could reshape Barcelona&#8217;s goalkeeping strategy and intensify the rivalry with Espanyol, impacting future cross-city dynamics. The post Barcelona signs goalkeeper Joan García from RCD Espanyol in historic cross-city transfer appeared first on Crypto Briefing.

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