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Breaking: The Block: CFTC Greenlights Crypto Perpetual Futures in the US

The CFTC has taken steps to allow crypto perpetual future contracts in the United States. Coinbase and Kalshi are advancing in this regulatory environment.

Breaking: Kalshi Sues Minnesota Over New Prediction Market Law, Coindesk Reports

Kalshi has filed a federal lawsuit against Minnesota's new law that criminalizes the operation and advertising of prediction markets, effective August 1. The lawsuit follows a similar motion from the CFTC challenging the law's constitutionality.

Google Employee Charged with Using Confidential Search Data to Make $1.53M on Polymarket (Asiaone)

A Google employee, Michele Spagnuolo, has been charged with insider trading for allegedly using confidential search data to make over $1.2 million on the prediction market platform Polymarket. Spagnuolo, using the online name "AlphaRaccoon," is accused of wagering on Google's 2025 Year in Search data before its public release. The US Attorney for the Southern District of New York emphasized that using confidential business information for profit compromises market integrity. Google has placed the employee on leave and is cooperating with law enforcement.

Breaking: Polymarket Exec Clarifies KYC is Beta-Only, Not for Existing Platform - Cointelegraph.com News

Polymarket's Josh Stevens confirmed that Know Your Customer (KYC) checks are only required for a new beta product and will not be implemented on the existing platform. He emphasized that no identity verification will be necessary for current users.

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