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Wisconsin Files Lawsuit Against Five Prediction Market Platforms

Wisconsin files lawsuit against five major prediction market platforms, alleging illegal sports betting through event contracts and seeking immediate court restrictions. Wisconsin has taken strong legal action against major prediction market platforms over alleged illegal betting practices. On April 24, the state sued Kalshi, Coinbase, Polymarket, Robinhood, and Crypto.com. However,...

KelpDAO Fallout Sparks Talk of Higher USDC Returns on Aave

Aave faces liquidity stress as USDC rate hike debate pits fast capital inflow against rising borrower liquidation risk. Pressure across DeFi lending markets has intensified following the KelpDAO rsETH exploit. Liquidity strains are now visible on Aave’s core Ethereum pool, where utilization has remained unusually high. In response, Circle’s chief...