Expand 🔔Nevada Gaming Regulatory Commission Accuses Coinbase of Offering Unlicensed Sports Betting According to a report by Cointelegraph, the Nevada Gaming Regulatory Commission has filed documents in the First Judicial District Court of Nevada accusing Coinbase Financial Markets of offering unlicensed sports betting. The Commission subsequently requested a temporary restraining order and a preliminary injunction to prohibit Coinbase from “operating a derivatives exchange and prediction market related to sports betting.” Nevada Gaming Regulatory Commission Chairman Mike Dreitzer stated in a statement, “The Commission is committed to its obligation to operate a thriving gaming industry and protect the citizens of Nevada. Yesterday’s action reaffirms that obligation.” Less than a week ago, Coinbase announced a partnership with Kalshi, launching prediction markets in all 50 states. While the Commodity Futures Trading Commission (CFTC) regulates the Kalshi platform at the federal level, the platform may still face legal action from state regulators, including those in Nevada.

Expand The Nevada Gaming Control Board has announced a civil lawsuit against Coinbase, accusing it of offering unlicensed sports betting contracts in Nevada. The board has filed for a temporary restraining order and a preliminary injunction in the First District of Nevada court in Carson City, seeking to prohibit Coinbase from operating a sports betting derivatives exchange and prediction market. (Cointelegraph)

Expand Market Review, January 29-30: The Beginning of a Market Correction From January 29th to 30th, the market experienced one of the fastest declines in recent years, with nearly $10 trillion in global market capitalization evaporating in just two days. ⏪ January 29th – Microsoft Earnings Triggers Risk Aversion Microsoft's earnings report showed that, against an increasingly competitive backdrop, the returns on artificial intelligence (AI) will take longer to materialize. As a Nasdaq-weighted stock, the sell-off in Microsoft (MSFT) triggered widespread equity deleveraging. Investors acted swiftly, selling off the most liquid assets, including precious metals, despite their recent strong performance. ⏪ January 30th – Fed Chair Appointment Changes Inflation Expectations The appointment of Kevin Warsh as the new Federal Reserve Chair eased concerns about uncontrolled money printing. The market quickly adjusted its expectations for monetary policy, reducing the demand for inflation hedges. Metals and Derivatives Experience Chain Liquidation 🔤 Market Impact - Stocks: Western markets generally declined - Precious Metals: One of the largest drops in history - Cryptocurrencies: Liquidations exceeded $2.5 billion due to macroeconomic pressures

Expand 🚨 It's not over yet #Gold – $4,927 #Silver – $87.07 After a market shakeout following dramatic fluctuations from historical highs, the market capitalization of precious metals surged by over $4 trillion. This decline was entirely orchestrated by large institutions. While the public panicked and sold off, hedge funds and central banks quietly bought the dip. They used algorithmic trading to lock in volume at the bottom. Don't forget, there's a global shortage of physical gold. Remember: The prices on the screen are just paper derivative prices. That's leverage. That's speculation. That's fake. The real price is the cost you need to acquire physical gold. Remember: I've been here for over 10 years, and I've predicted every top and bottom correctly… I will announce any new developments here publicly. Many people will regret not following me sooner. $XAU $XAG

Expand ⚡️Hyperliquid's HIP-4 introduces prediction markets and options-based products designed to reduce the risk of on-chain derivatives without involving leverage or liquidation.

Expand Institutional-grade options trading requires the precision of over-the-counter (OTC) trading. ☑️ Customized strategies ☑️ Careful execution ☑️ Large transaction volumes ☑️ Ample liquidity and highly competitive pricing ☑️ Flexible settlement options Through Kraken's main OTC derivatives trading platform ⤵️

Expand Breaking news: According to a report in today's Wall Street Journal, the Chicago Board Options Exchange (Cboe), the world's leading derivatives exchange, is in preliminary talks to relaunch all-or-nothing binary options for retail clients. 📈 This move aims to enter the booming prediction market sector. Here are the key figures driving this trend 👇:

Expand ❗️@HyperliquidX Launches HIP-4 Result Trading on HyperCore This new primitive enables prediction markets and options-like instruments through fully collateralized result contracts, introducing non-linear, dated derivatives without leverage or liquidation. 👉 Currently available on the testnet, with plans to launch a USD-denominated live market upon completion of development. Based on user feedback, permissionless deployments may be rolled out in the future.

Expand Hyperliquid announced that HyperCore will support Outcome contract trading (HIP-4). Outcome is a fully collateralized, fixed-range contract primitive suitable for scenarios such as prediction markets and bounded derivatives like options. It does not involve leverage or liquidation and features non-linearity and expiration contract characteristics. This primitive can be combined with combined margin and HyperEVM to enhance HyperCore's expressive power. Currently, Outcome is still in the testnet phase. After development is complete, it will be launched on a standardized market based on an objective settlement source and denominated in USDH. Further permissionless deployment is planned based on user feedback.

Expand 🔔Nevada Court Issues Temporary Restraining Order Against Polymarket According to Mars Finance, on February 2nd, a Nevada court issued a temporary restraining order against Polymarket, prohibiting Blockratize, the entity behind Polymarket, from offering event-based contracts in the state for two weeks. The court held that Polymarket's activities may have violated Nevada gambling laws and were not protected by federal derivatives-specific regulations.