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Latest from Nikhilesh De
Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing
Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.

What Does Trump's Win Mean for Crypto?
The industry is hopeful, but the only crypto-ish thing he's done since the election is sell shirts with the DOGE dog.

Trump Names Former SEC Chair Jay Clayton to DOJ Office, the Same Office That Prosecuted SBF
Clayton oversaw the SEC between 2017 and 2020.

Republican State AGs and DeFi Lobby Sue SEC Over Crypto Enforcement Actions
The suit wants a court to block the SEC from suing crypto exchanges moving forward.

UK Government Plans Pilot for a Digital Gilt Instrument Using Distributed Ledger Technology
Chancellor Rachel Reeves will mention the DLT-based digital gilt instrument in her first annual speech laying out her long-term vision.

Republicans Win House Majority, Completing Trifecta in 2024 Election That Saw Donald Trump Win Second Term
Republicans won a majority in the House of Representatives, clearing the way for comprehensive crypto legislation when Congress takes off next year.

Polymarket CEO's Home Is Raided by FBI
"This is obvious political retribution," said a Polymarket spokesperson. Bloomberg reported that DOJ is investigating the company for letting U.S. users access the site.

U.S. Senator Elizabeth Warren Rises Into Role Where Crypto Sector Won't Shake Her
Warren will be the top Democrat on the Senate Banking Committee that crypto legislation must clear – the most senior role for the opposition party on digital assets matters.

Fairshake Notches Another Win With Arizona's Ruben Gallego; 16 House Seats Still Uncalled
Fairshake supported Gallego, who polling and prediction markets have consistently said would win.
