NXT Knowlege

Predictions markets have seen a   huge rise in users   with sites like Polymarket and Kalishi raising large funding rounds and experiencing exponential growth. The speed with which these offerings have grown has started to run into regulatory hurdles however, and last Friday, regulators in Tennessee sent a   cease-and-desist   letter to Polymarkets,   Crypto.com   and Kalshi, alleging that their predictions markets were in fact unlicensed gambling. The same day Kalshi commenc

The Cayman Islands, with a secure British legal system, safe business environment and tax neutral status, has long been a favoured home to US Hedge funds (35,000+) and crypto companies, and new data from the Cayman Islands General Registry underscores just how much that growth has continued. In 2017, the Cayman Islands legislated into existence the Cayman Foundation in the Foundation Companies Act , a highly flexible corporate structure which could operate to manage wealth an

The US continues to drive forward in crypto, with the powerful Commodities, Futures Trading Commission ( CFTC ), which has often been seen in competition with the Securities Exchanges Commission ( SEC ), moving to announce a digital asset pilot program  and updated guidance  under which certain digital assets will be approved for use as collateral for derivatives in regulated US markets and "outdated" requirements are removed . The crypto derivatives market is already US $23