House Oversight Chairman James Comer has requested records from Hyperliquid Labs, Crypto.com and PredictIt regarding user verification and suspicious trading activity, expanding an investigation into potential insider trading on prediction markets. The probe cites reports of a Hyperliquid short placed before an October 2025 tariff announcement.
Trump Media and Technology Group terminated its planned $1+ billion CRO treasury venture with Crypto.com and Yorkville Acquisition Corp, along with a related prediction market services agreement, citing updated corporate strategies.
Dubai Duty Free has launched Crypto.com Pay across its retail network at Dubai International Airport, Al Maktoum International Airport, and its online store, making it the first airport retailer in the Middle East to offer regulated cryptocurrency payment options. The rollout implements a strategic partnership established through a July 2025 memorandum of understanding between Dubai Duty Free and Crypto.com.
Emirates has integrated Crypto.com Pay on its website and mobile app, enabling eligible UAE residents to book flights using cryptocurrency with payments settled in UAE dirhams. The launch represents the airline's expansion of digital payment options aligned with Dubai's digital economy initiatives.
Crypto.com's Foris DAX entity received the UAE's first Stored Value Facilities (SVF) license from the Central Bank, allowing it to offer crypto payment services in the country. This marks the first time a Virtual Asset Service Provider has obtained payment provider authorization in the UAE.
Wisconsin Department of Justice filed lawsuit against five prediction market platforms, alleging their sports event contracts violate state gambling laws, citing platform language as evidence of gambling rather than investing.
The Commodity Futures Trading Commission filed lawsuits against Illinois, Arizona, and Connecticut, asserting exclusive federal jurisdiction over prediction markets under the Commodity Exchange Act. The suits challenge state cease-and-desist orders against prediction market operators.
