Category crypto

CFTC Draws the Line Between Prediction Markets and Gambling in New Rules

The Commodity Futures Trading Commission has introduced stricter regulatory guidelines to clearly distinguish legal prediction markets from traditional forms of gambling. Amid growing popularity for platforms that allow users to wager on real-world events like elections and economic data, the agency aims to establish federal oversight and protect market integrity. These new rules address concerns that unregulated betting platforms are blurring the lines between financial derivatives and sports wagering. By setting definitive boundaries, the CFTC hopes to provide much-needed legal clarity for industry operators while safeguarding everyday retail participants from excessive financial risks.

This Sam Altman-Backed Life Insurer Runs Entirely on Bitcoin, and Just Raised $37.5 Million

A new life‑insurance startup backed by OpenAI CEO Sam Altman has built its entire financial infrastructure on Bitcoin, using the cryptocurrency for premium collection, claims payouts and all accounting. The firm, called Bitcoin Life, argues that the blockchain’s transparency and security eliminate the need for traditional banking intermediaries, allowing faster, cheaper policy administration. In its latest funding round, the company secured $37.5 million from investors that include Andreessen Horowitz and Sequoia Capital, underscoring growing confidence in crypto‑based financial services. The capital will be used

Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds

<!–> –> Written by Michael Millardstaff writerEdited by Bryan O’Sheastaff editor Written by Michael Millardstaff writer Edited by Bryan O’Sheastaff editor Sam Altman-backed Bitcoin life insurer, Meanwhile, raises more funds Latest NewsPublishedOct 10, 2026<!–> The round follows increased international demand…