EU regulator ESMA flags legal concerns over Polymarket and Kalshi's European operations

Polymarket appoints former Amazon finance chief Warren Jenson as first CFO

Prediction market platform Polymarket has hired Warren Jenson, formerly Amazon's chief financial officer, as its first-ever CFO. The appointment marks a significant leadership expansion for the company as it works to establish a regulated exchange in the United States. Polymarket is also simultaneously developing a global trading platform alongside its domestic operations. Bringing in an executive of Jenson's caliber signals the company's ambitions to scale and meet regulatory requirements in a maturing crypto and prediction market landscape.

Monument Bank delays retail tokenized deposits to November over UK regulatory hurdles

London-based challenger bank Monument Bank has postponed its retail tokenized deposits rollout due to regulatory challenges in the United Kingdom. The bank engaged a Canadian custodian to comply with requirements set by the Financial Conduct Authority (FCA). The decision to bring in the foreign custodian was driven by the need to meet the FCA's specific regulatory standards. Monument Bank now expects to launch the retail tokenized deposit service by November.

Bitcoin Bancorp acquires defunct Bitcoin Depot ATMs for $620,000

Bitcoin Bancorp has purchased a large batch of decommissioned Bitcoin Depot ATM kiosks for $620,000, according to court records. The acquired machines represent just over a quarter of Bitcoin Depot's total fleet of more than 9,200 kiosks. The sale price of under $1 million underscores the deeply discounted valuation of the defunct hardware. The transaction was recorded in court filings, suggesting the deal may be linked to insolvency or restructuring proceedings involving Bitcoin Depot.

Crypto for Advisors: Hyperliquid and the future of finance