Everyone wants SCOTUS to take up prediction markets: State of Crypto

The Moscow Stock Exchange is piloting cryptocurrency trading with professional participants and plans to launch regulated cryptocurrency trading services on December 1st. Boris Blokhin, Managing Director of the Securities Market, stated that the relevant tests were launched a week ago, and the existing license of the Moscow Stock Exchange covers cryptocurrency trading services. The relevant cryptocurrency market regulations in Russia have come into effect on September 1st, allowing citizens to trade cryptocurrencies on domestic exchanges licensed by the Russian Central Bank. Investors who do not have the status of qualified investors face investment limit restrictions, with trading scope limited to Bitcoin, Ethereum, and USDT. Sberbank predicts that the size of cryptocurrency trading in Russia will reach at least 4 trillion rubles in the first year. (Source: Bitcoin.com News)

[Multiple Parties Submit Briefs to U.S. Supreme Court, Urging Decision on Regulation of Sports Prediction Markets] Multiple parties have submitted briefs to the U.S. Supreme Court, urging it to rule that sports prediction markets should be regulated by state governments rather than the CFTC. Signatories include former Senator Chris Dodd, former CFTC Chairman Gary Gensler, the NFL, representatives from 39 states, and 145 Native American tribes. They argue that the Dodd-Frank Act does not grant the CFTC the authority to supersede state governments in regulating gambling. Opponents contend that sports predictions do not meet the definition of swap contracts under the CEA. On Friday, the CFTC issued a new draft rule confirming that casino-style gambling does not fall under the scope of swap contracts, but contracts related to sports, political, cultural, and weather prediction events are still considered swap products and remain under its regulation. (Source: CoinDesk)

The U.S. Supreme Court hasn't yet indicated whether it will take up cases surrounding prediction markets, but there are now several amicus briefs, an interim final rule and a rule proposal.

On October 12th, Ledger announced the progress of the investigation into the CryptoBilis hardware wallet tampering incident, confirming that all affected devices were sold through CryptoBilis, and Ledger's own system and official direct sales channels were not affected. CryptoBilis has completely stopped selling hardware wallets. Ledger reminds that devices purchased from the dealer and not initialized should not be set up when turned on. Devices that have already been used should have their assets migrated to new mnemonics. Users can contact Ledger customer service and report to the local police.

[Trump Administration Considers Halting Weapon Procurement Mechanism for Ukraine to Pressure Kyiv to Stop Attacking Russian Energy Facilities] The Trump administration is considering halting the weapon procurement mechanism for Ukraine, demanding Kyiv to cease deep strikes on Russian energy infrastructure. The U.S. is lobbying European governments and Ukrainian authorities to prevent Ukrainian forces from attacking key facilities such as oil refineries within Russian territory. (Source: Jinshi Data)