A prediction market is an exchange where participants buy and sell event‑linked contracts – usually binary contracts that pay out if a specific future event occurs. These markets have surged into the financial mainstream, drawing more than three million unique users who have executed 757.6 million transactions. Combined, prediction markets
Continue Reading The rise of prediction markets and the surrounding regulatory environment
The United States Securities and Exchange Commission (SEC) has issued an interpretive release on how federal securities laws apply to crypto assets and related transactions. The Commodity Futures Trading Commission (CFTC) indicated it will administer the Commodity Exchange Act consistent with the SEC’s interpretation.
We summarize the SEC’s framework and
Continue Reading SEC and CFTC issue interpretive release on crypto
The US Securities and Exchange Commission (SEC) released a joint statement on January 28, 2026 clarifying the application of federal securities laws to tokenized securities. This statement, published through the SEC’s Division of Corporation Finance, Division of Investment Management, and Division of Trading and Markets, addresses both issuer-sponsored and third
Continue Reading SEC issues guidance on tokenized securities and related developments
US public companies increasingly embrace digital assets as part of their corporate treasury strategies. Known as digital asset treasury (DAT) companies, these public companies, at the core of their revamped business model, pursue long-term accumulation of significant reserves of digital assets while employing sophisticated, yield-enhancing trading strategies.
DATs have raised
Continue Reading Key capital market trends: Digital asset treasuries
The Division of Corporation Finance at the US Securities and Exchange Commission (SEC) recently issued guidance regarding the application of federal securities laws to certain stablecoins.
While this guidance, released on April 4, 2025, expresses only the views of the staff of the Division of Corporation Finance and is not
Continue Reading Redeemable, USD-linked stablecoins are not securities – latest SEC staff guidance
