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Crypto

Robinhood CEO says crypto, not sports, to dominate prediction markets within a few years

Cryptocurrency-related contracts are emerging as a core pillar of Robinhood’s prediction market business, overtaking sports, foreign media reported, citing CEO Vlad Tenev. He said crypto categories already account for a disproportionately large share and sports could become a minority within a few years. Robinhood reported 2026 second-quarter event-contract revenue of $156 million, more than 10 times a year earlier, and traded 13.6 billion contracts in the quarter.

Crypto

U.S. OCC conditionally approves World Liberty trust bank charter, opening path to directly manage USD1

The U.S. Office of the Comptroller of the Currency has conditionally approved a national trust bank charter application by World Liberty Financial, a crypto firm linked to the Trump family. The company can operate as World Liberty Trust Company, National Association if it meets regulatory and policy requirements. The move has drawn conflict-of-interest criticism and Democratic pushback, while lawmakers also raise concerns about foreign-linked funding and related transactions.

Crypto

Crypto market maker Wintermute to bet up to $1 billion on AI and high-frequency trading to expand into traditional finance

Crypto market maker Wintermute plans to invest up to $1 billion over the next five years in AI data centre infrastructure and high-frequency trading as it expands into traditional finance. It aims to raise non-crypto market activity to more than 50% of its business by the end of 2027, from about 10% now. The firm also plans to double staff at its New York office and increase global headcount by about 40%.