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forklog.media Kalshi penalises three US politicians for betting on their own races

The prediction market Kalshi imposed sanctions on three American politicians who wagered on the outcomes of their own election campaigns. The measures hit Minnesota senator Matt Klein, US House candidate Ezekiel Enriquez and Mark Moran, a contender in Virginia’s Senate race. They were barred from using the platform for five years and fined. Klein must pay $540, Enriquez $784 and Moran $6,229. The latter must also return all profits from his trades after refusing to cooperate with Kalshi’s compliance department. How the politicians responded Moran said he had placed a bet deliberately to test the platform’s response to insider trading. He also accused Kalshi of corruption and promised to take appropriate action if elected to the Senate. Finally, one of the moments I’ve been waiting for.YES, I did bet ~$100 on myself on Kalshi because I wanted to get caught…After discovering potential manipulation on polymarket in the NYC mayoral race (NY Post reported on this) I realized how rife with corruption kalshi… https://t.co/9o6wgwTmv8 pic.twitter.com/WJSdHnsfRd— Mark Moran for U.S. Senate (@itsmarkmoran) April 22, 2026 Klein admitted he had staked about $50 “out of curiosity”. He wanted to understand how prediction markets work. pic.twitter.com/gjQgGGWxrx— Dr. Matt Klein (@DrMattKleinMN) April 22, 2026 Only later did he realise he was violating the platform’s rules. Notably, Klein is a co-author of a Minnesota bill that would ban wagers on real-world outcomes such as elections and policy decisions. Enriquez did not comment on the incident and did not respond to media requests. In late February Kalshi blocked former California gubernatorial candidate Kyle Langford, who wagered $200 on his election victory and posted a screenshot on X. He was fined $2,000. At the same time, YouTube editor Artem Kaptur, who had worked with creator James Donaldson (MrBeast), was also sanctioned. Moves toward regulating prediction markets On April 22nd New York governor Kathy Hochul signed an executive order prohibiting state employees from betting on prediction markets. Earlier, Illinois governor J. B. Pritzker issued a similar directive. “Enrichment through betting on inside information is corruption, pure and simple. Our actions ensure that public servants will work for the people they represent, not for personal gain,” Hochul said. She also criticised the administration of US president Donald Trump and Republicans in Congress. According to the governor, the politicians allowed an “ethical Wild West” to overrun prediction platforms by failing to introduce standards to guard against insider trading. States across America are moving to regulate such firms. In October 2025 New York authorities ordered Kalshi to cease operations—the platform was operating without a sports-betting licence. Kalshi is currently in litigation with Nevada, where a court has temporarily blocked its activities. The regulator deems the platform’s contracts “illegal gambling”. Coinbase’s chief legal officer, Paul Grewal, suggested the case could reach the US Supreme Court and set a precedent for regulating prediction markets. The questions at oral argument are an unreliable signal in predicting the leanings of a court. Either way, I stand by my longstanding prediction— the Supreme Court will resolve whether sports Ks on DCMs are swaps subject to the exclusive jurisdiction of the CFTC.— Paul Grewal (@iampaulgrewal) April 16, 2026 Insider trading on Polymarket Two accounts on Polymarket were suspected of manipulation after they made $37,000 from correct bets on anomalous temperature readings at a weather station in Paris Charles de Gaulle airport, analysts at Bubblemaps said. Did someone manipulate the weather on Polymarket? 🇫🇷This account made 180x on a Paris temperature market, betting just before a “glitch” at a local weather station 🧵 pic.twitter.com/TPPGyvmky3— Bubblemaps (@bubblemaps) April 22, 2026 On April 6th the station’s temperature suddenly jumped to 21°C before immediately reverting to normal. The market resolved in favour of the winner, who received more than $16,000. A similar glitch occurred on April 15th: for most of the day the station showed 18°C, then the temperature rose to 22°C and fell back again. Experts found the anomalies were not corroborated by data from nearby stations. One minute before the April 15th spike a trader began buying “no” bets on 18°C and ultimately earned more than $21,000. Meteorologist Ruben Hallali told BFMTV that such temperature jumps were unlikely to occur naturally. “It is likely that someone who understands how the sensors work deliberately raised the temperature by two degrees at the right moment to validate the bet,” he added. France’s meteorological agency, Météo France, filed a police complaint on suspicion of interference with automated data-processing systems. In April, the US outlet More Perfect Union published an investigation into prediction markets. The reporters argue that such platforms exploit Americans’ economic anxiety under the guise of “democratising finance”.

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bitcoinmagazine.com 100+ Crypto Firms Urge Senate to Advance Clarity Act, Warn of Innovation Moving Offshore

Bitcoin Magazine 100+ Crypto Firms Urge Senate to Advance Clarity Act, Warn of Innovation Moving Offshore Over 100 cryptocurrency firms and industry organizations are urging the U.S. Senate to move forward on long-delayed market structure legislation, cautioning that further delays could drive innovation and capital abroad. This post 100+ Crypto Firms Urge Senate to Advance Clarity Act, Warn of Innovation Moving Offshore first appeared on Bitcoin Magazine and is written by Micah Zimmerman.

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news.bitcoin.com Sam Bankman-Fried Drops New Trial Motion as FTX Portfolio Hypothetical Goes Viral

Sam Bankman-Fried withdrew his pro se Rule 33 motion for a new trial this week, preserving the right to refile after his pending appeal is resolved. Key Takeaways: Sam Bankman-Fried (SBF) withdrew his Rule 33 new trial motion on April 22, 2026, without prejudice, preserving the right to refile after his Second Circuit appeal concludes. […]

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bitcoinist.com Crypto Miners Get Tax Holiday In Uzbekistan’s New State-Backed Zone

A region long marked by poverty and sparse industry is getting an unusual shot at foreign money — through crypto mining. Related Reading: Crypto Access Drives Europeans To Consider Leaving Their Banks: Survey Karakalpakstan Opens Its Doors Uzbekistan has designated the autonomous Republic of Karakalpakstan as the home of a new state-sanctioned mining zone called […]

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blockmanity.com 93% of Web3 Games Failed After $15 Billion Boom: Why Real Gamers Never Showed Up

After $15 Billion Boom: Why Real Gamers Never Showed Up The world of Web3 gaming promised a revolution. Developers and investors poured in up to $15 billion, dreaming of games where players could own assets, earn tokens, and trade them […] The post 93% of Web3 Games Failed After $15 Billion Boom: Why Real Gamers Never Showed Up appeared first on Blockmanity.

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blockonomi.com Tether Freezes $344 Million in USDT With U.S. Law Enforcement in Major Crypto Enforcement Action

TLDR: Tether froze $344 million in USDT across two wallets after U.S. authorities flagged illicit activity links. Tether now cooperates with over 340 law enforcement agencies across 65 countries worldwide. Combined enforcement efforts have resulted in more than $4.4 billion in frozen digital assets globally. CEO Paolo Ardoino confirmed Tether acts immediately when wallets are [...] The post Tether Freezes $344 Million in USDT With U.S. Law Enforcement in Major Crypto Enforcement Action appeared first on Blockonomi.

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news.bitcoin.com Tether Freezes $344 Million in USDT With OFAC and US Law Enforcement

Tether froze more than $344 million in USDT across two blockchain addresses on April 23, 2026, acting on information shared by U.S. authorities tied to unlawful conduct. Key Takeaways: Tether froze $344 million in USDT on April 23, 2026, in coordination with OFAC and U.S. law enforcement. Tether has supported over 2,300 global cases, freezing […]

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blockonomi.com RealGo Raises $3.5M to Transform Memes into Playable Digital Assets on Web3

TLDR: RealGo secured over $3.5M across Early Investor and Strategy rounds from five major Web3 backers. Animoca Brands, X21 Digital, and Notch VC are among the investors backing RealGo’s Meme 3.0 vision. The platform has over 250,000 users and aims to convert meme culture into real economic value. RealGo’s ecosystem follows a Culture to Gameplay [...] The post RealGo Raises $3.5M to Transform Memes into Playable Digital Assets on Web3 appeared first on Blockonomi.

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bitcoinist.com Crypto’s CLARITY Act Sits At 50-50 For 2026 Passage, Galaxy Says

The crypto industry’s most important US market structure bill is entering a narrowing window in Washington, with Galaxy Digital putting the odds of the CLARITY Act becoming law this year at roughly 50-50. The firm’s central argument is not that one issue alone threatens the bill, but that too many unresolved questions still need to […]

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cryptobriefing.com Flare-backed Firelight and Sentora partner to bring capital-backed protection to institutional DeFi vaults

The partnership enhances DeFi's institutional appeal by integrating robust, capital-backed protection, potentially accelerating broader adoption. The post Flare-backed Firelight and Sentora partner to bring capital-backed protection to institutional DeFi vaults appeared first on Crypto Briefing.

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forklog.media Kalshi penalises three US politicians for betting on their own races

The prediction market Kalshi imposed sanctions on three American politicians who wagered on the outcomes of their own election campaigns. The measures hit Minnesota senator Matt Klein, US House candidate Ezekiel Enriquez and Mark Moran, a contender in Virginia’s Senate race. They were barred from using the platform for five years and fined. Klein must pay $540, Enriquez $784 and Moran $6,229. The latter must also return all profits from his trades after refusing to cooperate with Kalshi’s compliance department. How the politicians responded Moran said he had placed a bet deliberately to test the platform’s response to insider trading. He also accused Kalshi of corruption and promised to take appropriate action if elected to the Senate. Finally, one of the moments I’ve been waiting for.YES, I did bet ~$100 on myself on Kalshi because I wanted to get caught…After discovering potential manipulation on polymarket in the NYC mayoral race (NY Post reported on this) I realized how rife with corruption kalshi… https://t.co/9o6wgwTmv8 pic.twitter.com/WJSdHnsfRd— Mark Moran for U.S. Senate (@itsmarkmoran) April 22, 2026 Klein admitted he had staked about $50 “out of curiosity”. He wanted to understand how prediction markets work. pic.twitter.com/gjQgGGWxrx— Dr. Matt Klein (@DrMattKleinMN) April 22, 2026 Only later did he realise he was violating the platform’s rules. Notably, Klein is a co-author of a Minnesota bill that would ban wagers on real-world outcomes such as elections and policy decisions. Enriquez did not comment on the incident and did not respond to media requests. In late February Kalshi blocked former California gubernatorial candidate Kyle Langford, who wagered $200 on his election victory and posted a screenshot on X. He was fined $2,000. At the same time, YouTube editor Artem Kaptur, who had worked with creator James Donaldson (MrBeast), was also sanctioned. Moves toward regulating prediction markets On April 22nd New York governor Kathy Hochul signed an executive order prohibiting state employees from betting on prediction markets. Earlier, Illinois governor J. B. Pritzker issued a similar directive. “Enrichment through betting on inside information is corruption, pure and simple. Our actions ensure that public servants will work for the people they represent, not for personal gain,” Hochul said. She also criticised the administration of US president Donald Trump and Republicans in Congress. According to the governor, the politicians allowed an “ethical Wild West” to overrun prediction platforms by failing to introduce standards to guard against insider trading. States across America are moving to regulate such firms. In October 2025 New York authorities ordered Kalshi to cease operations—the platform was operating without a sports-betting licence. Kalshi is currently in litigation with Nevada, where a court has temporarily blocked its activities. The regulator deems the platform’s contracts “illegal gambling”. Coinbase’s chief legal officer, Paul Grewal, suggested the case could reach the US Supreme Court and set a precedent for regulating prediction markets. The questions at oral argument are an unreliable signal in predicting the leanings of a court. Either way, I stand by my longstanding prediction— the Supreme Court will resolve whether sports Ks on DCMs are swaps subject to the exclusive jurisdiction of the CFTC.— Paul Grewal (@iampaulgrewal) April 16, 2026 Insider trading on Polymarket Two accounts on Polymarket were suspected of manipulation after they made $37,000 from correct bets on anomalous temperature readings at a weather station in Paris Charles de Gaulle airport, analysts at Bubblemaps said. Did someone manipulate the weather on Polymarket? 🇫🇷This account made 180x on a Paris temperature market, betting just before a “glitch” at a local weather station 🧵 pic.twitter.com/TPPGyvmky3— Bubblemaps (@bubblemaps) April 22, 2026 On April 6th the station’s temperature suddenly jumped to 21°C before immediately reverting to normal. The market resolved in favour of the winner, who received more than $16,000. A similar glitch occurred on April 15th: for most of the day the station showed 18°C, then the temperature rose to 22°C and fell back again. Experts found the anomalies were not corroborated by data from nearby stations. One minute before the April 15th spike a trader began buying “no” bets on 18°C and ultimately earned more than $21,000. Meteorologist Ruben Hallali told BFMTV that such temperature jumps were unlikely to occur naturally. “It is likely that someone who understands how the sensors work deliberately raised the temperature by two degrees at the right moment to validate the bet,” he added. France’s meteorological agency, Météo France, filed a police complaint on suspicion of interference with automated data-processing systems. In April, the US outlet More Perfect Union published an investigation into prediction markets. The reporters argue that such platforms exploit Americans’ economic anxiety under the guise of “democratising finance”.

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forklog.media Fear and Greed Index Hits Three-Month High Amid Bitcoin Surge

The cryptocurrency Fear and Greed Index has reached its highest level since January, according to data from Alternative.me.  Crypto Fear and Greed Index as of April 23. Source: Alternative.me.  In the past 24 hours, the index rose by 14 points to 46 out of 100. Such levels were last seen only at the beginning of the year.  Fear and Greed Index trend over the year. Source: Alternative.me.  The index remains in the "fear" zone. However, current values are significantly higher than the low of 5 recorded on February 23 after the imposition of global tariffs by the administration of U.S. President Donald Trump. At that time, Bitcoin's price plummeted to $63,000.  At the time of writing, the leading cryptocurrency is trading around $77,600. Over the past 24 hours, the asset's price has decreased by 0.8%, but it has gained 4.2% over the week, reaching a local high around $80,000.  Hourly BTC/USDT chart on Binance. Source: TradingView.  Demand Structure and Correction Potential  Julio Moreno, head of research at CryptoQuant, believes the recent digital gold rally is primarily driven by demand in the perpetual futures market.  Speculative rally: The recent Bitcoin price increase is completely driven by demand in the perpetual futures market. Meanwhile, spot demand is still contracting (although at a slower pace).The same happened on January, when Bitcoin peaked at $98K.There are risks of a… pic.twitter.com/HDt157QJwJ— Julio Moreno (@jjcmoreno) April 22, 2026 According to him, the same occurred in January when Bitcoin's price rose to $98,000. However, spot interest continues to decline, Moreno emphasized. If traders take profits, it could trigger a correction.  Reasons for Optimism  Meanwhile, several indicators suggest that the market situation is not entirely negative. Over the past month, more than 300,000 BTC have moved into long-term holders' wallets, while short-term investors have been reducing positions.  Bitcoin supply is moving into stronger hands.Over the last 30 days: • Long Term Holder Supply: +303K BTC • ETF Netflows: +16.8K BTC • Strategy: +53.0K BTCAnd meanwhile: • Short Term Holder Supply: -290K BTC pic.twitter.com/LeoKkZ3MMq— CryptoQuant.com (@cryptoquant_com) April 22, 2026 Another indirect signal is the high trading activity on major exchanges.  An analyst known as maartunn noted that since the beginning of 2026, trading volume on Binance has already exceeded $1 trillion. This suggests not a withdrawal of liquidity from the market, but its concentration among major players, the expert believes.  Liquidity is not leaving crypto, it is concentrating“Binance has already cleared $1.09 trillion in trading volume in 2026, and we’re only 112 days into the year. That is a huge number for a market people keep calling weak or bearish.” – By @JA_Maartun pic.twitter.com/FOv4lrvHst— CryptoQuant.com (@cryptoquant_com) April 23, 2026 Simultaneously, there is a continued inflow of funds into spot Bitcoin-ETFs. At the end of the latest session, the funds attracted $11.8 million, marking the sixth consecutive day of positive dynamics.  Source: SoSoValue.  MN Trading founder Michaël van de Poppe believes that if the $73,000-$75,000 range holds, Bitcoin could reach $85,000-$88,000 within the next one to two weeks.  We tested the $79K area and fell back slightly.Quite some normal price action on #Bitcoin, and I don't think we'll cascade down from here.I'd much rather see a continuation to $85-88K over the next 1-2 weeks, as long as $73-75K holds. https://t.co/oWGrwXUnBQ pic.twitter.com/h1d0zSrNif— Michaël van de Poppe (@CryptoMichNL) April 23, 2026 Earlier in April, van de Poppe predicted that the leading cryptocurrency could rise to $100,000 this year. According to him, after deep corrections, the price typically increases by 30-60% over six months.

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themerkle.com Pornhub Ditches USDT For USDC In Major Payment Overhaul Targeted At Reliability And Regulation

There is a quiet but nonetheless impactful divergence taking place in the global cryptocurrency payments landscape, with Pornhub declaring that it will replace Tether (USDT) with USD Coin (USDC) for payouts to creators. Based on internal communications leaked a few days ago, this is not simply another gradual update; it showcases one way that stablecoins are increasingly competing for real-world utility and trust. Traditionally, crypto payments have applied unique limitations when it comes to the adult content industry because of low-key restrictions imposed by traditional finance methods. The initial USA adoption of USDT by Pornhub was after a very well-documented The post Pornhub Ditches USDT For USDC In Major Payment Overhaul Targeted At Reliability And Regulation appeared first on The Merkle News.

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news.bitcoin.com Pantera Capital Urges London-Listed Satsuma to Offload $50 Million Bitcoin Treasury

Pantera Capital is urging London-listed bitcoin treasury firm Satsuma Technology to sell its remaining $50 million in bitcoin and return the proceeds to investors, according to Bloomberg. Key Takeaways: Pantera Capital is pressing LSE-listed Satsuma Technology to sell $50M in bitcoin. Satsuma raised $218M in a Pantera-backed round in 2025, with over $125M of the […]

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blockmanity.com XRP Braces for Steep Drop as Crypto Market Turns Sour – Investors Flock to Passive Income for Safe Gains

Introduction: A Rough Ride for and the Crypto World The crypto market is facing tough times right now. Prices are falling, fear is spreading, and many coins are losing value fast. , the token linked to Ripple, looks set for […] The post XRP Braces for Steep Drop as Crypto Market Turns Sour – Investors Flock to Passive Income for Safe Gains appeared first on Blockmanity.

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