CFTC Puts Prediction Markets Inside Swap Rules, Exempts Gambling
The CFTC proposed rules to classify sports, politics, and weather contracts as swaps, while exempting sportsbook wagers and casino games from its definition.
Nadia Rahman is CoinScoop's Markets Editor. She covers Bitcoin, macro liquidity and the spot-ETF complex, and previously reported on rates and FX for a global newswire.
The CFTC proposed rules to classify sports, politics, and weather contracts as swaps, while exempting sportsbook wagers and casino games from its definition.
The US Department of Justice has filed forfeiture complaints targeting over $1 billion in crypto, including 127,271 BTC, allegedly tied to the Iranian government.
The CFTC proposed a rule to classify event contracts as swaps while simultaneously excluding casino-style products from that definition, effective upon Federal Register publication.
The SEC proposed amendments to Rule 17a-7, expanding eligible securities for cross-trading by registered funds, including fixed-income and level 2 securities, with new reporting requirements.
Arbitrum DAO is considering a proposal to transfer 1,700 ETH, worth $4.25 million, from its treasury to settle a payment to the Developer Guild and fund treasury-management strategies.
Kraken sends US clients a combined Form 1099 with Form 1099-DA and 1099-MISC. What it covers, what it leaves out, and how to report it.
Coinbase reports your crypto sales on Form 1099-DA and rewards over $600 on Form 1099-MISC. What each form shows, why cost basis may be missing, and how to report it.
Form 1099-DA is the IRS form US crypto brokers use to report your sales. For 2025 it shows proceeds only; from 2026 it adds cost basis for crypto bought on the same exchange.
Arbitrum proposes updating two L1-pricing parameters, parentGasFloorPerToken and perBatchGasCharge, on Arbitrum One and Nova in response to Ethereum's Glamsterdam hard fork.
Tether has signed an MoU with Kazakhstan's central bank and Alatau city authority to explore a tenge-pegged stablecoin, asset tokenization, and DeFi.