New York targets crypto with new $3.4B fines as perpetual futures turn prediction apps into nonstop leverage casinos

New York’s latest $3.4 billion legal barrage against crypto firms lands just as prediction platforms rush into perpetual futures, turning one-off political bets into 24/7 leveraged trading. That pivot could decide whether these apps are treated as useful risk-hedging tools or shut down as unlicensed casinos. Top prediction market platforms, including Kalshi and Polymarket, are […] The post New York targets crypto with new $3.4B fines as perpetual futures turn prediction apps into nonstop leverage casinos appeared first on CryptoSlate.