Crypto World
Signal weighs exit from Canada amid lawful access bill
Privacy-focused messaging app Signal has signaled it could exit Canada if forced to comply with the government’s proposed lawful access framework. The legislation, Bill C-22, would require electronic service providers to enable surveillance capabilities and retain user metadata for up to a year, part of a broader effort to aid law enforcement in investigating crimes such as terrorism and child exploitation.
In an interview with The Globe and Mail, Signal’s vice president of strategy and global affairs, Udbhav Tiwari, argued that the bill could threaten end-to-end encryption and leave private messaging services vulnerable to cyberattacks. He said Signal would rather pull out of Canada than compromise on the privacy commitments it has made to users.
Key takeaways
- Bill C-22 would compel tech and messaging providers to build surveillance mechanisms and retain certain user metadata for up to a year to assist law enforcement.
- Signal warns the legislation could undermine encryption and expose private communications to external threats, potentially prompting an exit from Canada.
- The bill is not law yet; parliamentary committee hearings began on May 7 and are ongoing.
- Industry players have mixed reactions: Meta welcomed selective provisions for evidence gathering but raised privacy and cybersecurity concerns, while Windscribe signaled it would consider following Signal if the bill passes.
- The debate echoes broader privacy-security tensions seen in Europe, notably around chat control and client-side scanning proposals.
Encryption under pressure as Bill C-22 advances
The bill, introduced in March as part of a wider regulatory package, would mandate electronic service providers to equip themselves with surveillance capabilities and retain metadata for a defined period. Proponents say the framework would bolster law enforcement’s ability to investigate serious crimes, from terrorism to child exploitation. Critics, however, warn that such measures could erode user privacy and undermine the security guarantees that underlie popular encrypted messaging apps.
Signal’s position highlights a broader industry risk: if end-to-end encryption becomes compromised or undermined by compelled access, the usability and trust in private messaging could be diminished. The Globe and Mail reported that Udbhav Tiwari described the bill as potentially creating vulnerabilities that could be exploited by hackers, undermining the privacy promises Signal offers to its users.
Public discussion around Bill C-22 has already touched on comparisons with the European Union’s controversial privacy proposals, which critics say could push for client-side scanning or other measures that would weaken encryption. The debate frames a larger, ongoing tension between privacy protections and increasing government capability to monitor communications in the name of safety and security.
Industry responses and political context
Tech giants have weighed in with nuanced takes. Meta, for its part, welcomed certain aspects of Bill C-22, arguing that it would provide law enforcement with a clearer legal framework to obtain evidence and protect public safety, while also signaling concerns about the potential impact on Canadians’ privacy and cybersecurity. The company’s stance reflects a common industry position: support for effective enforcement tools, tempered by a demand for clear privacy safeguards.
Canada’s political scene has also spotlighted the privacy-versus-security debate. A post by a Conservative Party Member of Parliament on X asserted that “every member of Parliament in the country uses Signal primarily for its safety and privacy features,” contending that the bill would undermine that privacy. In response, Signal’s leadership indicated it would resist any mandate that compromises user confidentiality.
The bill is not yet law; it must pass through parliamentary review and receive royal assent before taking effect. Committee hearings, which began on May 7, are still underway, signaling that the legislative process could stretch as lawmakers weigh the balance between enforcement capabilities and privacy protections.
Beyond Signal, Windscribe, a VPN provider, warned that the law’s requirements could force providers to log identifying data. In a post responding to The Globe and Mail coverage, Windscribe said it would likely follow Signal in reconsidering its Canadian operations if C-22 advances, arguing that the current draft threatens the core privacy premise of VPNs and similar services.
What comes next for privacy, security, and startups
The unfolding debate places Canada at a crossroads similar to regulatory moves in other regions. As lawmakers refine Bill C-22, observers will be watching not only whether the bill gains passage but how it will affect service design, data retention practices, and cross-border service provision for privacy-centric apps and networks. For developers and users who rely on strong encryption, the central questions are whether the proposed framework can preserve privacy guarantees while providing lawful access tools for investigators, and how firms will operationalize those demands without creating exploitable weak points.
Industry watchers should monitor the committee hearings for clues about potential amendments, as well as any clarifications from tech platforms on how they would implement or resist compliance. The regulatory trajectory in Canada could influence similar debates elsewhere, shaping how privacy-preserving services balance user trust with perceived public safety needs in the months ahead.
Readers should keep an eye on the next set of committee proceedings and any official statements from Signal, Windscribe, and other stakeholders as they gauge how far the government intends to push lawful access measures and what that means for encryption-centric communication tools going forward.
Once a dominant force by market capitalization, the self-proclaimed Dogecoin killer has seen a steep decline in recent months and now stands as a mere shadow of its former glory.
Multiple factors suggest the meme coin may suffer even greater losses in the near future, while a key technical indicator signals that a short-term recovery is also plausible.
The Crash Has Yet to Begin?
Currently, Shiba Inu (SHIB) is worth around $0.000004697 (per CoinGecko), representing a whopping 65% decline over the past year. To make matters worse, the coin has collapsed by nearly 95% since the all-time high reached at the end of 2021.
For years, SHIB stood as the second-largest meme coin, trailing only Dogecoin (DOGE). But its market cap fell well below $3 billion, and it was overtaken by MemeCore (M), which surged toward a $4 billion valuation.
The token’s poor performance comes alongside a declining trading volume, which has plummeted by 84% over the last 12 months, and an overall reduction in interest in meme coins. Such a low figure usually signals weak market participation and fading conviction among traders and investors: a factor that could hamper a potential revival for SHIB.
The coin’s burn rate, which has fallen by 71% over the past week, is another cause for concern. The mechanism’s ultimate goal is to reduce the overall supply of Shiba Inu and increase its value through scarcity. Since the program launched, the team and community have scorched more than 40% of the supply, but with almost 590 trillion tokens still in circulation, the total remains quite high.
Next on the list is Shibarium’s stalled activity. Shiba Inu’s layer-2 scaling solution officially saw the light of day in the summer of 2023, designed to advance the project by improving speed, enhancing scalability, and reducing transaction fees. At first, the protocol facilitated millions of daily transactions, but an exploit last year changed things for the worse, and the figure has since drastically declined.
The Bright Side
Amid a landscape filled with worrying signals, Shiba Inu’s Relative Strength Index (RSI) stands out as one of the few indicators signaling that a short-term rebound is possible.
The technical analysis tool’s ratio has dropped below 30, indicating that the meme coin’s price has fallen too much in a short period and could be due for a resurgence. The RSI ranges from 0 to 100, and readings above 70 suggest SHIB has entered overbought territory, which may be a precursor to an impending pullback.
The post Shiba Inu (SHIB) Investors Face Big Questions After 65% Yearly Collapse appeared first on CryptoPotato.
Crypto World
Polymarket World Cup Winner Markets Cross $1.8B in Volume as France-Spain Group Stage Opens
Polymarket's 2026 FIFA World Cup prediction markets have accumulated more than $1.8 billion in cumulative trading volume as the tournament's group stage gets underway, with France and Spain priced as the narrowest co-favorites ahead of their high-profile group stage matchup. More than $66 million… Read the full story at The Defiant
Solana Institute CEO Kristin Smith has urged the U.S. Senate to preserve developer protections in the CLARITY Act as more than 200 crypto firms and organizations push for the bill to advance before August.
Summary
- Kristin Smith urged the Senate to keep developer protections in the CLARITY Act as the bill moves closer to a potential vote.
- More than 60 crypto leaders and over 200 industry groups have backed efforts to advance the legislation before August.
- Analysts at Galaxy Digital and JPMorgan warn the bill faces a narrowing path to passage amid election pressures and policy disputes.
Commenting on the legislation’s progress, Smith said in a June 9 thread on X that the bill has a realistic chance of advancing through the Senate, making it important for lawmakers to preserve protections for open-source developers and blockchain infrastructure providers.
Citing an industry-backed letter, Smith said more than 60 crypto founders and executives, including Solana co-founder Anatoly Yakovenko, urged senators to maintain strong protections for software developers within the bill.
She argued that open-source developers, validators, and non-custodial wallet providers do not take custody of user assets or execute transactions on behalf of customers and therefore should not face the same regulatory treatment as brokers or custodians.
Her remarks come as support for the CLARITY Act grows across the digital asset industry.
According to crypto advocacy group Stand With Crypto, more than 200 crypto companies and organizations recently sent a separate letter to the Senate urging lawmakers to bring the legislation to a floor vote without delay. The coalition said the bill had already undergone months of bipartisan negotiations and should now proceed to formal debate.
Smith points to separate bill protecting developers
Drawing attention to related legislation, Smith referenced the Blockchain Regulatory Certainty Act, a bipartisan proposal introduced in January by Senators Cynthia Lummis and Ron Wyden.
According to Smith, the measure would provide legal certainty for software developers and blockchain infrastructure providers that do not control customer funds or transactions.
Legislative text released alongside the proposal states that the bill seeks to prevent non-custodial developers from being classified as money transmitters solely because they publish software code or maintain network infrastructure.
Smith argued that similar protections should remain part of the CLARITY Act as Senate lawmakers continue reviewing the market structure framework.
Momentum around the legislation has increased in recent weeks. As reported by crypto.news, the House Ways and Means Committee is simultaneously examining seven separate crypto tax proposals covering stablecoins, staking, mining, lending, charitable donations, wash-sale rules, and disclosure requirements while Senate negotiators continue work on market structure legislation.
Industry groups warn the legislative window is narrowing
Pressure to advance the CLARITY Act has also intensified as analysts question how much time remains on the congressional calendar.
Last week, Galaxy Digital head of research Alex Thorn lowered his estimate of the bill becoming law in 2026 to 60%, down from 75% in May. According to Thorn, the legislation must continue moving through the Senate before lawmakers leave Washington for the August recess because election-related activity could limit opportunities for major crypto legislation later in the year.
A separate assessment from JPMorgan, led by managing director Nikolaos Panigirtzoglou, reached a similar conclusion. The bank said unresolved disagreements surrounding stablecoin yield provisions and the approach of midterm elections could complicate efforts to secure final approval.
Smith’s position also aligns with recent comments from U.S. Securities and Exchange Commission Commissioner Hester Peirce. Speaking at the IC3 Blockchain Camp at Princeton University, Peirce said many blockchain projects involve publishing open-source software, which she described as a protected activity under the First Amendment.
Peirce added that developers should not automatically be treated as financial intermediaries simply because third parties use their code.
The debate comes as SEC Chair Paul Atkins continues reshaping the agency’s approach to digital assets after pledging to move away from the enforcement-focused strategy adopted under previous leadership.
The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in an inquiry into its social media advertising practices, adding another layer of scrutiny to the fast-growing event trading platform.
In a statement published Monday, NAD said it will refer the matter to the appropriate regulatory authorities, including relevant state Attorneys General, for possible enforcement action.
The inquiry examined whether Kalshi’s influencers and affiliates clearly disclosed paid relationships in social media promotions and whether the company took adequate steps to comply with Federal Trade Commission endorsement guidelines.
According to the BBB, Kalshi declined to participate in NAD’s voluntary self-regulatory review of its advertising practices. As a result, the organization will also notify the social media platforms where the advertising appeared.
“At issue for NAD was whether material connections between Kalshi and influencers or affiliates were clearly and conspicuously disclosed in social media advertising,” BBB said.
Crypto influencer John Wang joined Kalshi in August.
Source: John Wang on X.com.
Kalshi’s advertising practices have also drawn scrutiny from Media Matters for America, a nonprofit media watchdog organization, which highlighted the platform’s viral marketing campaigns on TikTok and Instagram that promoted prediction trading as a “side hustle.”
Related: Kalshi joins Polymarket in sweeping user bans to head off insider trading
Prediction markets continue rapid growth despite regulatory scrutiny
Social media marketing has fueled Kalshi’s explosive growth, helping the platform attract new users and drive trading volumes tied to real-world events.
A Kalshi spokesperson told Bloomberg that the company is on track for a $1.5 billion annualized revenue run rate, momentum that helped secure a $1 billion funding round valuing the company at $22 billion.
Kalshi is a leading centralized prediction market platform alongside decentralized rival Polymarket. Source: Bitget Wallet
Despite an ongoing jurisdictional dispute between state regulators and the Commodity Futures Trading Commission (CFTC) over event contracts, as well as allegations of insider trading, prediction markets continue to gain traction among retail and institutional participants.
A May research report from Bernstein argued that the sector is entering an “institutional” era, with analysts citing a block trade executed on Kalshi as evidence of improving liquidity and more efficient price discovery.
“We believe the introduction of block trading and bespoke contracts could expand participation from institutional investors seeking targeted exposure to event risks,” the Bernstein analysts wrote.
Related: Prediction markets legal battles heat up in Minnesota, Rhode Island
Sahara AI’s SAHARA token crashed by roughly 60% on June 9, triggering over $23 million in liquidations.
The incident caused speculation across crypto markets, especially since it happened right around the time another protocol, Humanity, reported a breach that cost it $30 million and led to its native H token losing nearly 90% of its value.
What the Team Said, And What On-Chain Data Shows
After SAHARA suddenly plunged from around $0.034 to $0.014, per CoinGecko data, the team put out a post on X saying they were “aware of unusual market volatility” and that they had found no security issues in the platform’s token contracts or products. Further, they said they would provide more updates as additional information becomes available following an internal investigation.
However, after some on-chain observers questioned a transfer of 600 million SAHARA tokens, suggesting it may have caused the unusual price movement, the team had to make a follow-up post explaining that the large token transfer was a pre-planned fill of a Chainlink CCIP bridge contract done to provide liquidity for its recently launched cross-chain bridge.
Just as importantly, they stated that team and investor wallet allocations had not been touched on-chain and that “no team and investor tokens have been sold or moved.”
The team also provided a link to an Etherscan address so that those interested could verify that what they were saying was true, adding that they were still investigating the actual cause of the market movement separately from the bridge transfer.
Whether that explanation holds up to community scrutiny is another question. Data from CoinGlass shows that in the last 12 hours, $22.9 million in long positions were liquidated against only $354,000 in shorts, meaning that the vast majority of losses fell on traders who had been betting on the price going up.
Sahara Down 90% From its Peak
The SAHARA token got listed on Binance in June 2025, and went on to hit an all-time high of $0.1605 the following month. But at the time of writing, it was trading almost 90% below that all-time high and was down over 50% in the last seven days and almost 54% over the past month.
The misfortune that hit it happened just a week after EDGE, the native token of the edgeX decentralized exchange, suddenly dropped by 71% and hit a new all-time low. And just like the Sahara team has done, the people behind edgeX also denied any security breach and, in their case, pointed to external manipulation, a claim that on-chain investigator ZachXBT publicly disputed.
In a subsequent report, edgeX noted that some of the centralized exchanges where EDGE is listed blamed the token’s collapse partly on thin liquidity conditions and not large-scale selling by the team.
The post Sahara AI Denies Security Issues as Token Price Drops Over 60% appeared first on CryptoPotato.
TLDR
- White House officials will meet law enforcement groups to address concerns tied to the CLARITY Act.
- Law enforcement representatives argue that a developer protection clause could affect financial crime investigations.
- Senate leaders continue negotiations as they work to secure enough votes for a floor debate.
- More than 200 crypto organizations signed a letter urging lawmakers to advance the bill.
- Senator Cynthia Lummis reaffirmed support and called for passage of the CLARITY Act.
White House officials will meet law enforcement groups on Wednesday to address concerns tied to the CLARITY Act. The meetings focus on specific provisions that agencies believe could affect illicit finance investigations. The discussions come as Senate leaders weigh whether the bill can secure enough votes for floor debate.
Law Enforcement Scrutiny and CLARITY Act Provisions
Administration officials scheduled the sessions after several groups raised objections to a developer protection clause. The clause stems from the Blockchain Regulatory Certainty Act and seeks to shield certain software developers from liability. However, law enforcement representatives argue that the language could restrict investigative authority in crypto-related cases. They describe the concern as structural and limited to enforcement mechanics.
Sources familiar with the talks told journalist Eleanor Terrett that officials aim to clarify the clause’s scope. The group plans to outline how the language might create legal defenses during financial crime probes. In response, administration representatives intend to gather feedback and explore possible adjustments. The ethics provisions in the bill also remain unresolved and require further negotiation.
Senate Negotiations and Industry Pressure Intensify
The Senate placed the bill on its legislative calendar earlier this month, yet leaders still lack firm commitments for a floor vote. Supporters continue private negotiations following the Senate Banking Committee’s approval in May. Former White House official Patrick Witt said discussions are narrowing the list of open issues. He stated that negotiators continue to work through specific concerns raised by lawmakers.
Senator Cynthia Lummis reaffirmed her support and urged swift passage of the measure. “I did not spend years on this issue to watch another country write the rules that govern the assets Americans invented,” Lummis said. She added, “Let’s pass the Clarity Act.” Her remarks reflect continued backing from key Republican sponsors.
Meanwhile, more than 200 organizations signed a joint letter urging Senate leaders to advance the legislation. The signatories include Coinbase, Ripple, Kraken, Circle, Andreessen Horowitz, and Binance.US. The letter states that the bill would define federal oversight and clarify regulatory responsibilities. Industry representatives argue that clear rules would keep digital asset development inside the United States.
Brad Garlinghouse echoed that position in public comments this week. He stated that lawmakers have an opportunity to establish domestic crypto standards. Negotiators continue discussions as the White House meetings proceed on Wednesday.
FIFA has named Kraken the Official Crypto Exchange Supporter of the FIFA World Cup 2026. FIFA said the partnership will cover crypto awareness, fan engagement, and product experiences across North America and Europe.
Summary
- FIFA named Kraken the Official Crypto Exchange Supporter of the FIFA World Cup 2026.
- Kraken will support crypto awareness, fan activations, and product experiences across North America and Europe.
- The 2026 World Cup will feature 48 teams, 104 matches, and 16 host cities across three countries.
The tournament will feature 48 teams, 104 matches, and 16 host cities across three countries.
Kraken partnership covers fan activations
Kraken will use the partnership to introduce football fans to digital asset products and education. FIFA said the agreement will bring fan-first activations to tournament audiences before and during the World Cup. The company will connect those programs to match viewing, football communities, and tournament events.
The FIFA World Cup 2026 will run for seven weeks across North America. FIFA expects more than six billion cumulative viewers during the expanded tournament. The event will include the first 48-team format in World Cup history.
Kraken has operated for more than a decade and serves users in over 190 countries. The exchange will use the tournament platform to present crypto tools to football audiences. The company has not disclosed financial terms for the FIFA agreement.
FIFA links deal to tournament experience
FIFA Chief Business Officer Romy Gai said the partnership fits the organization’s fan experience plans. FIFA has used commercial partnerships to add technology and consumer programs around major tournaments. The Kraken deal adds a crypto exchange partner to the World Cup 2026 sponsorship structure.
Kraken co-CEO Arjun Sethi described football as a shared global experience. He said the sport brings people together across borders, languages, and cultures. Sethi also said money should work with similar openness through smartphone access.
The partnership will begin public programming around the FIFA World Cup 2026 Countdown Concert on June 10. The concert will take place across several cities as part of tournament preparations. After that event, Kraken plans activations in North America and Europe.
Crypto firms continue sports partnerships
Kraken has already worked with Tottenham Hotspur FC, Atlético de Madrid, and RB Leipzig. The exchange also has a Formula 1 partnership with Atlassian Williams Racing. Those agreements place Kraken across football and motorsport audiences before the World Cup.
The FIFA deal follows other crypto partnerships tied to sports and entertainment. Crypto companies have used teams, leagues, and major events to reach non-trading audiences. In this case, Kraken will focus on education, brand visibility, and product access around football.
FIFA has positioned the 2026 World Cup as its largest tournament by teams and matches. The competition will take place in the United States, Canada, and Mexico. Kraken’s World Cup programming starts with the June 10 countdown concert.
Chainlink network now has more than 535,000 wallets holding at least 1 LINK, which represents the highest number of non-micro wallets since December 2022.
According to Santiment, this growth has taken place even though LINK remains well below its cycle peak prices.
Chainlink Wallet Growth
The analytics platform stated that a steady increase in wallet counts has historically been viewed as a sign of gradual adoption and accumulation. The firm said the rise in new participants is an encouraging development, particularly during periods of market uncertainty.
It also added that tracking wallets holding at least 1 LINK is important because the metric indicates network participation rather than short-term speculation. While prices can fluctuate based on market sentiment, a growing number of holders may indicate increasing long-term trust and interest in the ecosystem.
However, LINK’s price performance has remained underwhelming. The token has trended lower over the past month, falling from above $10.4 in early May to around $7.9 at the time of writing. The decline essentially suggests that while adoption and participation on the network continue to increase, this growing interest has not yet translated into stronger price action for the asset.
Even as LINK remains under pressure, the network has seen increased adoption of its infrastructure in recent weeks. Following the April exploit involving LayerZero-powered systems, both KelpDAO and Solv Protocol announced plans to migrate their cross-chain operations to Chainlink’s Cross-Chain Interoperability Protocol (CCIP). KelpDAO said it will transition rsETH to Chainlink’s framework to strengthen security, while Solv Protocol is moving more than $700 million in Bitcoin-related assets to CCIP as part of a broader overhaul of its cross-chain infrastructure.
Regarding Chainlink’s position, Santiment stated,
“With Chainlink continuing to play a central role in oracle services, tokenized assets, and real-world asset infrastructure, watch for crypto’s #17 market cap to be a breakout candidate when overall markets turn bullish once again.”
Expansion
Chainlink Labs is increasing its involvement in the regulatory side of the crypto industry. Alongside Anchorage Digital, it helped establish the Blockchain Leadership Fund, a PAC that has endorsed ten candidates for the 2026 election cycle who support pro-crypto and blockchain-focused policies.
Additionally, Chainlink’s technology was recently adopted by Fidelity International for its first tokenized fund, FILQ.
The post Over 535,000 LINK Holders Signal Quiet Chainlink Accumulation Amid Market Uncertainty appeared first on CryptoPotato.
Crypto World
3 Quantum Computing Stocks Commanding Investor Attention in 2026: IonQ (IONQ), D-Wave (QBTS), and Alphabet (GOOGL)
Key Highlights
- IonQ exceeded its Q1 2026 revenue projections by 30%, posting $64.7M and elevating annual forecasts to $260M–$270M
- D-Wave Quantum has ties to a $100M equity arrangement with the U.S. Commerce Department
- Alphabet’s Willow processor tackled a computational challenge in five minutes that conventional systems would require exponentially longer to complete
- These three enterprises offer varying risk profiles, spanning from specialized quantum plays to established technology conglomerates
- Quantum technology promises transformative applications in pharmaceutical research, encryption, supply chain optimization, and financial analysis
Three companies currently dominate investor conversations around quantum computing: IonQ, D-Wave Quantum, and Alphabet. Each brings a distinct technological strategy and presents different investment risk characteristics.
Quantum systems are engineered to tackle computational challenges that traditional computers find insurmountable. Promising applications span pharmaceutical development, cryptographic security, operational logistics, and complex financial calculations.
This industry remains in its infancy. Profitability eludes most participants, and mainstream commercial deployment remains several years distant. Nevertheless, both governmental and private capital continues flowing into the sector.
IonQ: Specialized Quantum Growth Story
IonQ stands as a premier dedicated quantum computing investment opportunity.
The enterprise employs trapped-ion methodology. Strategic alliances span cloud service providers, federal agencies, and major corporate clients.
First-quarter 2026 revenues reached $64.7 million for IonQ. This performance exceeded the company’s internal midpoint projection by 30%.
Management subsequently elevated annual revenue expectations to a range between $260 million and $270 million.
While profitability remains elusive and capital expenditures on expansion continue at high levels, IonQ’s accelerating revenue trajectory has bolstered investor confidence in this segment.
D-Wave Quantum: Market-Ready Solutions
D-Wave employs quantum annealing technology, an approach specifically designed for optimization challenges.
Practical applications encompass supply chain logistics, resource scheduling, and financial portfolio optimization. D-Wave distinguishes itself by serving paying commercial clients, differentiating it from competitors still focused primarily on research activities.
The organization has been associated with a $100 million common equity arrangement involving the U.S. Commerce Department, representing part of a wider federal quantum computing initiative.
D-Wave is additionally investigating utilization of IBM’s quantum chip manufacturing facilities, potentially diversifying its production capabilities.
Industry specialists continue debating whether quantum annealing will emerge as the prevailing long-term methodology. This uncertainty positions D-Wave as among the more debated, yet potentially lucrative, opportunities within the quantum computing landscape.
Alphabet: Reduced-Risk Quantum Exposure
Alphabet operates one of the planet’s most sophisticated quantum research operations through Google.
Its Willow quantum processor generated significant interest following Google’s announcement of breakthroughs in quantum error correction. Willow completed a standardized computing benchmark in five minutes — a challenge requiring vastly more time for conventional computing systems.
Alphabet doesn’t represent a pure quantum computing investment. The company also controls Google Search, YouTube, Google Cloud, and Android, alongside substantial artificial intelligence holdings.
This business diversification substantially reduces risk compared to IonQ or D-Wave. Should quantum computing achieve commercial viability, Alphabet stands ready to capitalize. If development timelines extend, the corporation maintains numerous alternative revenue engines.
For risk-averse investors seeking quantum computing exposure, Alphabet represents the most balanced choice among these three options.
The Better Business Bureau’s National Advertising Division has referred Kalshi to regulatory authorities after the prediction market platform declined to participate in a review of its influencer advertising practices.
Summary
- BBB’s National Advertising Division referred Kalshi to regulators over its influencer marketing practices.
- The review focused on whether paid social media promotions complied with FTC disclosure guidelines.
- The action comes as Kalshi expands its crypto futures lineup, including a proposed HYPE contract.
According to a statement published by the BBB’s National Advertising Division on Monday, the matter will be sent to the appropriate regulatory authorities, including relevant state Attorneys General, for possible enforcement action.
The self-regulatory body said it examined whether material connections between Kalshi and individuals promoting the platform online were clearly disclosed and whether the company had taken sufficient steps to follow Federal Trade Commission endorsement guidelines.
NAD said Kalshi chose not to participate in the voluntary review process. As a result, the organization stated that it will also notify the social media platforms where the advertising appeared.
“At issue for NAD was whether material connections between Kalshi and influencers or affiliates were clearly and conspicuously disclosed in social media advertising.”
Advertising disclosures come under review
Details released by the BBB indicate that the inquiry focused on social media promotions distributed by influencers and affiliates associated with Kalshi.
The review sought to determine whether audiences were adequately informed when content creators had financial relationships with the company.
Separate scrutiny has also emerged from Media Matters for America, a nonprofit media watchdog organization. According to Media Matters, Kalshi’s marketing campaigns on TikTok and Instagram helped popularize prediction trading among younger audiences, with some content presenting participation on the platform as a potential “side hustle.”
The latest referral adds another compliance issue for Kalshi as prediction markets continue drawing attention from regulators and policymakers. The company has already faced questions surrounding the regulatory treatment of event contracts, while some critics have raised concerns about market integrity and allegations of insider trading within the broader prediction market sector.
Crypto expansion continues despite scrutiny
Even as the advertising review moves toward regulators, Kalshi has continued expanding its crypto-related offerings.
A day after the BBB announcement, Kalshi revealed that it had filed with the U.S. Commodity Futures Trading Commission to list perpetual futures tied to Hyperliquid’s HYPE token. The proposed contract joins a growing list of cryptocurrency derivatives products the company is seeking to bring to U.S. traders.
The filing follows Kalshi’s recent launch of Ethereum perpetual futures under its “American Perpetuals” brand. As crypto.news reported on June 4, Ethereum became the second cryptocurrency available through the platform’s perpetual futures lineup after the earlier introduction of Bitcoin perpetual futures.
Several additional contracts linked to cryptocurrencies, including XRP, Solana, Dogecoin, Stellar, Shiba Inu, and Hedera, remain under separate regulatory review.
Strong user growth has continued alongside the company’s product expansion. In comments reported by Bloomberg, a Kalshi spokesperson said the platform is tracking toward a $1.5 billion annualized revenue run rate.
Bloomberg also reported that investor demand recently supported a $1 billion funding round that valued the company at $22 billion.
Those growth figures arrive as prediction markets gain traction among both retail and institutional participants, despite ongoing disagreements between state regulators and the CFTC over the oversight of event-based contracts.
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