Coinbase Pre-IPO Perps Push Crypto Rails Deeper Into Private Markets

TL;DR Coinbase has launched pre-IPO perpetual futures, beginning with SpaceX exposure for eligible non-US traders. The product turns private-company price speculation into a 24/7 crypto-rails derivatives market. The opportunity is clear, but so are the risks: these contracts are synthetic, volatile and not the same as owning private shares. Private-Market Exposure Moves Onto Crypto Rails…

Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims

Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims TL;DR Kentucky Attorney General Russell Coleman has escalated the state’s fight with prediction market operators. The lawsuits target platforms including Kalshi and Polymarket, with allegations focused on sports-related event contracts. The state argues the products function like unlicensed sportsbooks rather than ordinary financial contracts.…

Coinbase Targets Offshore Tokenized Stock Trading With 1:1 Backed Equities Push

Coinbase is preparing to push deeper into tokenized real-world assets, with Brian Armstrong pointing to an offshore rollout of 1:1 backed tokenized stocks and equity-linked products for non-US markets. TL;DR Coinbase is targeting non-US markets with tokenized equities. The reported model is based on 1:1 backing, not merely synthetic price exposure. US retail availability remains…