Regulation
CFTC Blocks State Lawsuits Against Kalshi
The US Commodity Futures Trading Commission (CFTC) has ordered predictions market platform Kalshi to continue operating, opposing multiple state lawsuits against the company.
Finextra
Staff reporter at Branch and Vault, covering Banking.
Payments
Citi's Consumer Cards Business Acquires Fintech Kard
Citi's U.S. Consumer Cards business has entered into an agreement to acquire Kard Financial, Inc., a company that operates a commerce media and rewards platform.
Access & branches
JPMorgan Severs Banking Ties with Polymarket Amid Regulatory Scrutiny
JPMorgan Chase terminated its banking relationship with prediction market Polymarket last year due to regulatory concerns, though it retains some ties for potential future underwriting. The move comes amid ongoing regulatory uncertainty, with the CFTC and state authorities at odds over the legality of such markets.
News
Chime Explores Stablecoin Integration in its App
Chime Financial, a consumer banking fintech firm, is considering adding stablecoin features to its app, marking a significant step in stablecoin adoption in mainstream banking.
Banks
Nvidia Partners with Wall Street Firms to Mobilise Funds for AI Infrastructure
Nvidia has partnered with several Wall Street firms to raise at least £500 billion in long-term capital to finance AI infrastructure. Goldman Sachs is leading the financing efforts, with the investment expected to consist of money managers and insurers, as well as asset managers.