Uphold Rejects New York Claims After $5M Customer Repayment Deal
Key Takeaways: Uphold disputed New York’s claims and denied knowingly promoting Cred’s alleged misconduct. Customers will receive more than $5 million through repayments and transferred bankruptcy recoveries. Settlement requires broker registration, tighter due...
Stefan Muehlbauer Warns DOJ Indictments End ‘Safe Zone’ as US Army Sergeant Case Expands Risk
Key Takeaways: The DOJ charged Army Sgt. Van Dyke for using classified data to net over $400,000 on Polymarket. Stefan Muehlbauer notes that the case subjects decentralized platforms to the Commodity Exchange Act. A June 8, 2026, hearing will clarify legal standards...
Argentines Hoard $170 Billion in Cash as Milei’s Tax-Free Deposit Scheme Flops
Key Takeaways: Milei’s tax-free law failed to attract even $1 billion of the $170 billion held outside banks, curbing liquidity. Facimex Valores Adrián Yarde Buller notes that citizens distrust banks due to the 2001 crisis. Milei has walked back his main campaign...
NHL and MLB Sign With Polymarket and Kalshi as Their Unions Ask CFTC to Intervene
Key Takeaways: Player unions for the NFL, MLB, NBA, NHL, and MLS jointly asked the CFTC to ban “negative outcome” and “mention” event contracts. The NHL has data partnerships with both Polymarket and Kalshi, and Polymarket is MLB’s exclusive prediction-market partner....Interesting 13
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