Jeff Dorman, chief investment officer at digital asset firm Arca, has criticized Coinbase CEO Brian Armstrong after the exchange head appeared to intentionally trigger bets on prediction platforms during the company’s third-quarter earnings call. Key Takeaways: Arca’s Jeff Dorman criticized Coinbase CEO Brian Armstrong for referencing prediction market bets during the company’s earnings call. Armstrong mentioned crypto buzzwords like “Bitcoin” and “Web3” that users had wagered would appear. The incid ...

It seems like the legal tide might be turning against prediction market companies in the fight against state regulators in the United States, with a Nevada federal judge denying Crypto.com’s request for relief last Thursday. Crypto.com, like current market leader Kalshi before it, had preemptively sued the Nevada Gaming Control Board in June, seeking a preliminary injunction that would block any attempt by the gaming control board to impose its own regulations on the company or block it from opening its p ...