The regulator's probe is focused on the issue of sports being considered gaming, said New York-based crypto lawyer Aaron Brogan.
Bitcoin Down 2.5% as China Slaps Retaliatory Tariffs on U.S., Probes Google
The move came after U.S. President Donald Trump's new 10% tariffs on China came into effect.
Samsung chief cleared of fraud and stock manipulation charges
Samsung Electronics Chairman Jay Y. Lee was found not guilty of accounting fraud and stock manipulation by a Seoul appeals court on Monday, in a ruling that could remove long-running legal risks that he has faced from criminal cases.
Morgan Stanley Says Trade Risk May Sink Asian Tech Stocks by 20%
(Bloomberg) -- Investors should take profit in Asian technology stocks amid trade-related risks, elevated valuations and lack of earnings upside, according to Morgan Stanley.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces Last Stop in Labour’s Housi
Here's how Wall Street pros are thinking about a new trade war
ING Economics estimated that the proposed tariffs, if enacted, would raise annual spending costs for consumers by $835 per American.
Crypto.com, Kalshi’s Super Bowl Wagers Probed by US Regulator
(Bloomberg) -- The Commodity Futures Trading Commission is asking Crypto.com and Kalshi Inc. to explain how their recently launched Super Bowl event contracts comply with derivatives regulations. Most Read from BloombergNew York’s First ‘Passive House’ School Is a Model of Downtown DensityState Farm Seeks Emergency California Rate Hike After LA FiresWhen French Communists Went on a Brutalist Building BoomTrump Paves the Way to Deputize Local Police on ImmigrationHistoric London Elevator Faces La
5 market moves that explain the wide-reaching nature of Trump's tariffs
The moves were driven largely by the expectation that tariffs and a possible full-blown trade war would stoke inflation.