HYPE Hit a Record Near $70. Its ETFs Pulled In $100M in a Month.
Hyperliquid's HYPE token printed a fresh all-time high of $69.97, up more than 67% on the month. ETF inflows, fee-funded buybacks and a CFTC ruling are all feeding the same fire.
Hyperliquid's HYPE token printed a fresh all-time high of $69.97, up more than 67% on the month. ETF inflows, fee-funded buybacks and a CFTC ruling are all feeding the same fire.
The deal gives Payward all three CFTC licenses needed to run a full-stack U.S. crypto derivatives platform. It follows Deutsche Börse's $200 million stake in Kraken earlier this week.
Chairman Mike Selig told a FINRA audience that the agency has signed a data-sharing deal with MLB and is now talking to every pro league about insider trading on prediction markets. The NFL, historically resistant, is finally at the table.
Payward grew revenue 3% year-over-year while Bitcoin fell 22% and industry spot volume dropped 38%. Futures DARTs jumped 51%. But adjusted EBITDA collapsed from $168 million to $18 million because the company spent the quarter buying everything it could find.
India's Ministry of Electronics ordered ISPs to block Polymarket. The site is already unreachable for Indian users. Local media reports say Kalshi is next. The government classifies all prediction markets as illegal online gambling.
The CFTC and DOJ sued Arizona, Connecticut, and Illinois on April 2, 2026 over their attempts to shut down Prediction Markets. The central question — finance or gambling? — is heading toward the Supreme Court.
Ron Hammond, head of policy at crypto market maker Wintermute, is significantly more cautious than prediction markets on the CLARITY Act's 2026 prospects. Bank opposition on stablecoin yield, fluid committee timelines, and Trump-linked political headwinds are his three core concerns.
Brian Armstrong's January opposition to the CLARITY Act contributed to a Senate Banking Committee delay that stalled the bill for months. On April 11 he reversed that position, backing the current draft and aligning with Treasury Secretary Bessent's call for Congress to act — though the Senate committee has still not scheduled a markup.
Nansen data shows Avalanche's daily transactions reached a yearly high of 3.5 million, with active addresses rising from a 2025 floor of 100K to a new baseline of 500K-700K. Three specific catalysts drove the jump. AVAX's price near $9.30 has not kept pace — but whale accumulation around $8.90-$9.30 suggests large holders see value at current levels.
Friday gave the prediction market fight its sharpest day yet. Letitia James signed a bipartisan amicus brief in the morning. Hours later, the CFTC named her in a federal lawsuit. New York is now the fourth state the agency has sued in three weeks.
Seven House Democrats sent CFTC Chair Michael Selig a letter demanding answers on suspicious trades tied to U.S. military actions in Iran and Venezuela. The same trades that made anonymous users hundreds of thousands of dollars in minutes.
Hours after Trump announced a two-week ceasefire with Iran on April 7, 2026, newly created anonymous wallets had already made hundreds of thousands of dollars on prediction markets — and blockchain analysts were already asking who knew first.
A US District Court granted the CFTC a temporary restraining order halting Arizona's criminal proceedings against federally regulated prediction market platforms. The order follows the CFTC's simultaneous litigation against Arizona, Connecticut, and Illinois — a coordinated assertion of exclusive federal jurisdiction over event-based derivatives.
High Roller Technologies will distribute CFTC-regulated event contracts through Crypto.com's derivatives arm. Monthly prediction market volumes have surged to $21 billion from $1.2 billion in early 2025. The mature US market could exceed $1 trillion annually.
On-chain analysis links two accounts with a perfect pardon-betting record to the same deposit wallet. A Columbia Law professor who advises the DOJ on insider trading says the probability of these trades occurring by chance is "virtually zero."
The platform promoted CredEarn as a safe savings product. The money was funding microloans to unbanked gamers in China. Cred went bankrupt. Users lost everything.