Law and Order

EU Eyes Boost to Pensions, Crypto Oversight Before 2026

In brief The plan includes auto-enrolment pensions, tax incentives, and steps toward market integration. Oversight changes could give ESMA a role in supervising crypto and cross-border infrastructures. The push follows warnings on stalled reforms and comes amid debate over the digital euro. The European Union is preparing a year-end push to expand pension savings and…

Law and Order

Kalshi Prediction Markets Are Pulling In $1 Billion Monthly as State Regulators Loom

In brief Kalshi reached $1 billion in monthly volume and now dominates 62% of the global prediction market industry, surpassing Polymarket’s 37% share. Four states including Massachusetts have filed lawsuits claiming Kalshi operates as an unlicensed sportsbook, with Massachusetts seeking to permanently bar the platform. Kalshi operates under federal CFTC regulation as a designated contract…

Markets

XRP Climbs as First US Spot ETF Sees Serious Demand

In brief The first American spot ETF giving exposure to XRP debuted on Thursday. Bloomberg analyst Eric Balchunas was surprised at the size of the Rex-Osprey XRP ETF’s initial trading volume. The price of XRP has risen over the last day, and Myriad users believe it’ll keep climbing to a new high of $4. The…