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International Proclamation of Restoration

In the spirit of the First Thanksgiving the American Federation of States and the Lakota Nation today bring forth for Public and International Cognizance the Restoration of our country and our American Government and our people returning to their rightful places among the nations of the world.

This marks the end of the Great Fraud perpetrated against our country and our nations by the British Crown and the Government of Westminster and the Holy Roman Empire acting in breach of treaties, trusts, and service contracts.

The Federation of American States has resumed operational command of the United States and has taken control of the remaining governmental services corporation assets as the Priority Creditors and Delegators as of midnight, November 21st, 2025.

This is a reversionary trust and contractual obligation, a matter of Law and inheritance, not politics, and has been reviewed and approved by the Trustees and the International Court of Justice. For purposes of inheritance the number of inheritors does not matter, and settlement does not preclude the existence of additional heirs.

We look forward to a peaceful reintegration and restoration of respect for the Federal Constitutions that are still in effect, and we remind President Donald Trump that his organization however stiled is acting as a Successor to Contract with respect to The Constitution of the United States of America, and does not have our permission to interfere with domestic communications systems or cause any other undue drama or unrest within the States of the Union while he and his Administration continue their efforts to apprehend criminals and secure the borders of this country.

We do not wish to be bombarded with evil and disturbing images of tortured children and women, nor do we wish to suffer any power grid failures or deliberately induced "days of darkness" nor any public displays of civilian-military personnel being hung or addressed by firing squads as a result of military tribunals taking place offshore.

Deliberately and arbitrarily causing public unrest and disturbance, particularly when your parent corporation, the British Crown Corporation, has recently been made aware of its own insurmountable debts to average people around the world, is strictly prohibited.

Your Predecessors, Mr. Trump, sat on their rumps and allowed the filthy trade in adrenochrome and organ harvesting to proliferate under their noses; various Congresses gutted the Federal Marshals program and left our international land jurisdiction wide open to crimes ranging from counterfeiting to human trafficking, interstate bank fraud to interstate racketeering. That is, members of Congress promoted crime in this country and deliberately expedited its proliferation by defunding our Federal Marshals.

All that happened on the watch of the United States of America, Incorporated. We thank you for paying attention to your actual service contract, but that gratitude would not excuse any False Flag activity like the September 11th disaster or promotion of any other Civil Unrest calculated to create a smokescreen for more bank fraud and theft of gold reserves.

Do your job and honor your contract, Mr. Trump, It's that simple. If the British Crown Corporation goes down the drain with a giant sucking sound as a result of 300 years of breach of trust, violence, piracy, and other crimes too numerous to mention --- that's their problem.

We will be working with the British Crown Corporation and the Bank of England and other Parties to establish discharge of odious debts and resolve numerous other fiscal, financial, and economic issues.

Chief among those concerns will be balancing the accounts of each country so that the National Debts are discharged and the National Credits are returned to the benefit of the living people.

Off ledger assets will be brought forward; so-called "legacy" and "historic" trusts that have been seized upon and misrepresented and often misused, will be returned to the actual owners whenever possible, and in those cases where no true Inheritor remains, will accrue to the nation(s) of the intended beneficiaries. All effort to honor and respect the intentions of the trust donors will be made.

At the present time, Donald Trump's Administration has received a very large quantity of physical gold belonging to the people of this country. This gold represents the asset-backing that gave rise to the system of peonage and enslavement promoted by taxation of our labor and other intellectual and energetic assets.

It is not appropriate for the British Territorial Service Providers, who have no land jurisdiction empowerments related to this country, to latch onto these gold reserves which are land jurisdiction assets that belong to the States and people of this country. The gold and land titles and intellectual property assets that have been purloined must be returned to the actual owners for the benefit of the living people, the restoration of the land and infrastructure, and future generations.

We remind the Trump Administration and the Principals, Pope Leo XIV and Charles III and the present Lord Mayor of the Inner City of London, that Alaska, like all the other Territories formed during and after the so-called American Civil War, is no longer a Territorial Administrative State and has not been a Territorial Administrative State since October 1st 2020.

These former Territories have been properly enrolled as States of the Union under the provisions of the Northwest Ordinance and are now in possession of their inheritance and responsibility.

All Federal Military and Federal Civil Service Members are asked to report for duty as usual, with the exception of District Courts and DISTRICT COURTS of any kind operating outside the physical boundaries of the District of Columbia.

These Courts/COURTS are instructed to close their doors and begin reviewing and exonerating cases involving named entities that superficially appear to be the names of individual people. The long-standing presumption of Dual Federal Citizenship obligation has been reversed.

Any cases prosecuted under these False Presumptions within the last ten (10) years must be exonerated and any property seized must be returned unharmed to the former owners or their next of kin heirs to the extent possible, any fines and or jail time imposed must be compensated, and any other damages attendant to each case must be paid in full and as soon as possible to prevent injustice, unjust enrichment, illegal takings prohibited by the Constitutions and inland piracy.

The Municipal Government franchises are presently being audited and many are being subsumed while others are being redirected to perform other tasks; for example, the Municipal FBI is directed to limit its activities to the Continental United States and United States Territories and Possessions; the Municipal CIA is being directed to limit its activities to foreign locations outside the Continental United States and United States Territories and Possessions.

This traditional allocation of work functions serves to focus the FBI on crimes of an international nature taking place within The United States and puts the Municipal Bureau resources and personnel in support of the new Continental Marshals Service and Treasury Agents assigned to detect and prevent interstate crimes including interstate bank fraud, counterfeiting, interstate human and drug trafficking, interstate smuggling of controlled substances, interstate obstruction of trade, interlocking trust directorates, and other unfair monopolistic business practices.

Any organizations caught preying upon American home and land owners, title theft rings, "tax units" that do not provide validated claims and do not provide written return addresses for Due Process, and similar organizations operating at the State and Federal levels, are to be investigated and arrested and prosecuted to the fullest extent of the law.

Complaints against actual foreign corporations operating within the States of the Union must be brought before our American Common Law Courts and prosecuted under the Law of the Land. Maritime and Admiralty claims impacting American shipping must be addressed under American Admiralty Law.

At all times and in all jurisdictions all courts operating in this country must exercise due diligence in correctly and without bias first determining the identity and nature of the parties to each case. Living people born in this country or properly naturalized to a State of the Union may not be addressed as foreign persons or be presumed to be Enemies of any kind.

In order to minimize the disruption to the lives of the victims of administrative District and DISTRICT COURTS, these cases will be reviewed in reverse order with the last cases reviewed first and the older cases reviewed last. Cases older than ten (10) years will be brought forward on a claim-by-claim basis once the first ten years-worth of cases are exonerated.

This action is necessary because the District and DISTRICT courts operated by "Judicial Court" organizations have been caught engaging in armed trespass and racketeering, illegal confiscation of private property, aggravated identity theft, illegal takings prohibited by the Federal Constitutions, false claims of debt, alteration of public records, and other crimes resulting from gross misadministration of justice.

All Law Enforcement and Peacekeeping Personnel are specifically instructed to ignore judicial orders, writs, and similar instruments requesting assistance enforcing evictions and foreclosures against Americans who are not naturally British Subjects; and they are directly advised that they are not bonded in the public and are acting on their own personal and commercial liability.

Any District Court or DISTRICT COURT caught willfully misaddressing Americans will not only be shut down, but they, together with their Officers and the offending District Attorneys, will be arrested and prosecuted; moreover, any Judge failing to do the accounting associated with any case, so as to make it appear that the Creditor is the Debtor, will be fired, not eligible for rehire, fined, possibly jailed and publicly disgraced.

Any Bar Association or Judicial Council or Commission acting in support of these or any similar crimes involving personage and barratry on our shores stands in equal jeopardy and without excuse.

The full resources of the law enforcement and peacekeeping forces are to be deployed to prevent crimes against Americans, especially major property crimes impacting homes, ranches, businesses and public property interests. Offending non-domestic (with respect to the States of the Union) corporations are to be nationalized, subjected to liquidation, or forfeiture under new management.

It has been discovered that owing to the operation of the Federal Reserve System and its iterations over the past 112 years, and the misadministration of the Bretton Woods Agreements from 1946 onward, there is absolutely no possibility whatsoever that any American has ever owed a debt of any kind. This includes tax debts of all kinds.

All Americans are tax prepaid and exempt from levy. They are not debtors and cannot be accused of being debtors with respect to any public or quasi-public commercial. municipal, or administrative debt.

No foreign citizenship status may be presumed against any American on the basis of undisclosed registration of American babies as British Subjects under the Sheppard-Towner Act or any similar legislation at the State of State level, nor can Municipal citizenship of the United States be conferred on anyone born in this country without proof of full disclosure, and conscious, voluntary, fully informed consent.

As a result all tax claims and cases addressed to individual Americans, including American Federal Employees in the military and civil service, must be dropped and disallowed. Taxes which have been collected under force and false legal presumption, must be returned to the victims, plus interest.

This means all taxes dependent upon administration under the Sixteenth Amendment -- federal income taxes, mortgages, state-of-state and incorporated county property taxes, sales taxes, utility taxes, gas taxes, franchise taxes, etc., are all disallowed, unnecessary, and unprofitable.

Likewise, no taxes are allowed on Social Security income, SSI, or other public assistance or pension payments, military pensions, military disability payments and similar disbursements. All such deductions, withholdings, tax assessments and collections must be stopped without exception.

Payroll kickback taxes, conscriptions and press ganging have been illegal for over a hundred years and will be prosecuted to the fullest extent of the Public Law.

The Internal Revenue Service and IRS are instructed to dismiss all cases involving named individuals appearing to be living people without exception and to limit their prosecutions to actual foreign corporations that have ratings and DUNS numbers and listed officers and Boards of Directors.

Unincorporated small businesses and living people and churches contributing to the Public Good have always been tax free and from now on that tax free status will be honored.

Effective immediately no baby born on the land and soil of a State of the Union will be registered. Birth events can and should be recorded in public using the local newspapers and the name, date, parentage and place of birth should be permanently recorded with the State Assembly Land Recording Office or similar Recording Service.

British Subjects working in America and having children here and wishing to register their infants as British Subjects are instructed to contact the nearest British Embassy for instructions.

All hospital managers and personnel are strictly instructed to cease and desist all registration of infants and are ordered to remove anyone engaged in these activities from the premises on pain of death; unlawful conversion of a baby's natural political status and nationality is a capital crime under both the Geneva and Hague Conventions. Anyone caught registering American babies as British Subjects will be prosecuted to the fullest extent of the international law and any organization caught seizing-upon and copyrighting the Given Names of American babies will be deemed accomplices.

Read on 👇

http://www.paulstramer.net/2025/11/international-proclamation-of.html

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🔊 The GOP must Abolish the Income Tax

The GOP must Abolish the Income Tax

Donald Trump “At some point in the not too distant future, you won't even have income tax to pay because the money we're taking in is so great, its so enormous. You're not going to have income tax to pay”

Abolish the income tax before midterms?

00:00:12
📱 😉 🚹 Why is the British Empire in full panic mode?

It's not about missiles. It's about a "boring" document that just ended their financial control over America.

NATO generals are screaming for war. MI6 is coming out of the shadows. Russia is calling them out.

00:14:38
Video Demonstration of R3’s Corda Settler using XRP.✅

OP @SMQKEDQG

00:01:10
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚹 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading
👀

NASA’s DiskSat is gearing up to launch into low Earth orbit!

Four plate-shaped spacecraft will demonstrate a new small spacecraft technology that aims to lower mission costs and expand access to space.

The launch window opens Dec 18 at 12am ET. Live coverage from @RocketLab begins approximately 20 minutes before launch.

Learn more: go.nasa.gov/4oWG6Vf)

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🚹 BREAKING: Treasury Secretary Scott Bessent says "We are removing all regulatory obstacles for crypto"

Coinbase, Ripple, and a16z already in meetings with Senator Tim Scott working on the market structure bill

regulatory clarity coming faster than expected.

https://x.com/i/status/2001666774824292475

LATEST: 🏩 The FDIC has proposed a framework that would allow US banks to apply for approval to issue payment stablecoins through subsidiaries, marking the first major regulatory implementation of the GENIUS Act.

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Stellar CEO Reveals Where Real Opportunity Lies in Crypto Market: Details

In a recent tweet, Stellar Development Foundation (SDF) CEO and Executive Director Denelle Dixon defines what "real opportunity" is in blockchain as a new financial future beckons.

The SDF CEO was reacting to a recent Bloomberg report on Bank of New York Mellon Corp (BNY), Nasdaq, S&P Global and iCapital participation in a new $50 million investment round by Digital Asset Holdings. This comes as some of Wall Street’s biggest names embrace the technology that underpins cryptocurrencies to handle traditional assets.

Reacting to this development, Stellar Foundation CEO Denelle Dixon stated that every blockchain investment is a bet on a different financial future. Dixon added that seeing banks explore blockchain technology validates what has been known over the years.

Real opportunity defined

While Wall Street’s biggest names betting on blockchain might be one of the most significant adoption milestones in the digital asset market, Dixon defines what real opportunity is and what it is not.

According to the SDF executive director, real opportunity is not replicating old systems on new rails but rather building open networks that fundamentally expand global finance participation.

"But the real opportunity isn’t replicating old systems on new rails—it’s building open networks that fundamentally expand who gets to participate in global finance. That’s the opportunity," Dixon tweeted.

At the Meridian 2025 event, Stellar outlined its long-term privacy strategy, committing to investing in critical privacy infrastructure and building foundational cryptographic capabilities.

Stellar eyes privacy upgrade

A new protocol upgrade is on the horizon for the Stellar network: X-Ray, which lays the groundwork for developers to build privacy applications on Stellar using zero-knowledge (ZK) cryptography.

The protocol timeline testnet vote is anticipated for Jan. 7, 2026, while the mainnet vote is expected for Jan. 22, 2026.

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XDC Network's acquisition of Contour Network

XDC Network's acquisition of Contour Network marks a silent shift to connect the digital trade infrastructure to real-time, tokenized settlement rails.

In a world where cross-border payments still take days and trap trillions in idle liquidity, integrating Contour’s trade workflows with XDC Network Blockchains' ISO 20022 financial messaging standard to bridge TradFi and Web3 in Trade Finance.

The Current State of Cross-Border Trade Settlements

Cross-border payments remain one of the most inefficient parts of global finance. For decades, companies have inter-dependency with banks and their correspondent banks across the world, forcing them to maintain trillions of dollars in pre-funded nostro and vostro balances — the capital that sits idle while transactions crawl across borders.

Traditional settlement is slow, often 1–5 days, and often with ~2-3% in FX and conversion fees. For every hour a corporation can’t access its own cash increases the cost of financing, tightens liquidity that could be used for other purposes, which in turn slows economic activity.

Before SWIFT, payments were fully manual. Intermediary banks maintained ledgers, and reconciliation across multiple institutions limited speed and volume.

SWIFT reshaped global payments by introducing a secure, standardized messaging infrastructure through ISO 20022 - which quickly became the language of money for 11,000+ institutions in 200 countries.

But SWIFT only fixed the messaging — not the movement. Actual value still moves through slow, capital-intensive correspondent chains.

Regulated and Compliant Stablecoin such as USDC (Circle) solves the part SWIFT never could: instant, on-chain settlement.

Stablecoin Settlement revamping Trade and Tokenization

Stablecoin such as USDC is a digital token pegged to the US Dollar, still the most widely used currency for trade, enabling the movement of funds instantly 24*7 globally - transparently, instantly, and without the need for any intermediaries and the need to lock in trillions of dollars of idle cash.

Tokenized settlement replaces multi-day reconciliation with on-chain finality, reducing:

  • Dependency on intermediaries
  • Operational friction
  • Trillions locked in idle liquidity

For corporates trapped in long working capital cycles, this is transformative.

Digital dollars like USDC make the process simple:

Fiat → Stablecoin → On-Chain Transfer → Fiat

This hybrid model is already widely used across remittances, payouts, and treasury flows.

But one critical piece of global commerce is still lagging:

👉 Trade finance.

The Missing link is still Trade Finance Infrastructure.

While payments innovation has raced ahead, trade finance infrastructure hasn’t kept up. Document flows, letters of credit, and supply-chain financing remain siloed, paper-heavy, and operationally outdated.

This is exactly where the next breakthrough will happen - and why the recent XDC Network acquisition of Contour is a silent revolution.

It transforms to a new era of trade-driven liquidity through an end-to-end digital trade from shipping docs to payment confirmation – one infrastructure that powers all.

The breakthrough won’t come from payments alone — it will come from connecting trade finance to real-time settlement rails.

The XDC + Contour Shift: A Silent Revolution

  • Contour already connects global banks and corporates through digital LCs and digitized trade workflows.
  • XDC Blockchain brings a settlement layer built for speed, tokenization, and institutional-grade interoperability and ISO 20022 messaging compatibility

Contour’s digital letter of credit workflows will be integrated with XDC’s blockchain network to streamline trade documentation and settlement.

Together, they form the first end-to-end digital trade finance network linking:

Documentation → Validation → Settlement all under a single infrastructure.

XDC Ventures (XVC.TECH) is launching a Stable-Coin Lab to work with financial institutions on regulated stablecoin pilots for trade to deepen institutional trade-finance integration through launch of pilots with banks and corporates for regulated stable-coin issuance and settlement.

The Bottom Line

Payments alone won’t transform Global Trade Finance — Trade finance + Tokenized Settlement will.

This is the shift happening underway XDC Network's acquisition of Contour is the quiet catalyst.

Learn how trade finance is being revolutionised:

https://www.reuters.com/press-releases/xdc-ventures-acquires-contour-network-launches-stablecoin-lab-trade-finance-2025-10-22/

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Inside The Deal That Made Polymarket’s Founder One Of The Youngest Billionaires On Earth🌍

One year ago, the FBI raided Polymarket founder Shayne Coplan’s apartment. Now, the college dropout is a billionaire at age 27.

In July, Jeffrey Sprecher, the 70-year-old billionaire CEO of Intercontinental Exchange, the parent company of the New York Stock Exchange, sat at Manhatta, an upscale restaurant in the financial district overlooking the sprawling New York City skyline from the 60th floor. As a sommelier weaved through tables pouring wine, in walked Shayne Coplan—in a T-shirt and jeans, clutching a plastic water bottle and a paper bag with a bagel he’d picked up en route. Sprecher chuckles as he recalls his first impression of the boyish, eccentric entrepreneur: “An old bald guy that works at the New York Stock Exchange, where we require that you wear a suit and tie, next to a mop-headed guy in a T-shirt that's 27.” But Sprecher was fascinated by Polymarket, Coplan’s blockchain-based prediction market, and after dinner, he made his move: “I asked Shayne if he would consider selling us his company.”

Prediction markets like Polymarket let thousands of ordinary people bet on future events—the unemployment rate, say, or when BitCoin will hit an all-time high. In aggregate, prediction market bets have proven to be something of a crystal ball with the wisdom of the crowd often proving itself more prescient than expert opinion. For instance, Polymarket punters predicted that Trump would prevail in the 2024 presidential election, when many national pundits were sure that Kamala Harris would win.

Coplan initially turned down Sprecher’s buyout offer. But discussions led to negotiations and eventually a deal. In October, Intercontinental announced it had invested $2 billion for an up to 25% stake in the company, bringing the young solo founder the balance he was looking for. “We're consumer, we’re viral, we're culture. They’re finance, they’re headless and they’re infrastructure,” Coplan tells Forbes in a recent interview.

At the same time, Coplan announced investments from other billionaires including Figma’s Dylan Field, Zynga’s Mark Pincus, Uber’s Travis Kalanick and hedge fund manager Glenn Dubin. A longtime Red Hot Chili Peppers fan, Coplan even convinced lead singer Anthony Kiedis to invest after a mutual acquaintance brought the musician to Coplan’s apartment one day. “He's buzzing my door, and I’m like, ‘holy shit,'” Coplan recalls, his bright blue eyes widening. “I love their music. A lot of the inspiration [for my work] comes from the music that I listen to.”

Thanks to the deals, Polymarket’s valuation quickly shot to $9 billion, making the 2025 Under 30 alum the world’s youngest self-made billionaire, with an estimated 11% stake worth $1 billion. His reign was short: twenty days later, he was overtaken as the youngest by the three 22-year-old founders of AI startup Mercor.

Young entrepreneurs are minting ten-figure fortunes faster than ever. In addition to the Mercor trio and Coplan, 15 other Under 30 alumni—including ScaleAI cofounder Lucy Guo, Reddit’s Steve Huffman and Cursor’s cofounders—became billionaires this year, while Guo’s cofounder Alexandr Wang and Robinhood’s Vlad Tenev (both former Under 30 honorees) regained their billionaire status after having fallen out of the ranks.

The budding billionaire has long been fascinated by markets and tech. When he was just 14, Coplan emailed the regional Securities and Exchange Commission office to ask how to create new marketplaces. “I did not get a response, but it’s a really funny email,” he says, grinning playfully as he thinks of his younger self. “It just shows that this stuff takes over a decade of percolating in your mind.”

Two years later, Coplan showed up at the offices of internet startup Genius uninvited after multiple emails of his asking for an internship went ignored. At age 16—at least a decade younger than anyone in that office—he secured his first job after making a memorable impression with his “wild curls” and “encyclopedic knowledge of billionaire tech entrepreneurs.” “If he chooses to become a tech entrepreneur, which seems likely, I have no doubt that we’ll be seeing his name again in the press before long,” Chris Glazek, his manager at the time, wrote in Coplan’s college recommendation letter.

Coplan went on to study computer science at NYU, but dropped out in 2017 to work on various crypto projects that never took off. In 2020, he founded Polymarket to create a solution to the “rampant misinformation” he saw in the world: The company’s first market allowed users to bet on when New York City would reopen amid the pandemic. He soon expanded into elections and pop culture happenings, among other events.

But it didn’t take long for the company to butt heads with regulators. In January 2022, Polymarket paid a $1.4 million fine to the Commodity Futures Trading Commission for offering unregistered markets. It was also ordered to block all U.S. users, but activity on Polymarket skyrocketed particularly during the 2024 U.S. presidential election, with bets totaling $3.6 billion. A week after the election, the FBI raided Coplan's apartment and seized his devices as part of an investigation into a possible violation of this agreement. Shortly after, Coplan posted on his X account that he saw the raid as “a last-ditch effort” from the Biden administration “to go after companies they deem to be associated with political opponents.”

In July, the Department of Justice and CFTC dropped the investigations—after which Sprecher reached out to Coplan for dinner—and less than a week later, Polymarket announced it had acquired CFTC-licensed derivatives exchange QCX to prepare for a compliant U.S. launch. QCX applied to be a federally-registered exchange in 2022—an application that was left dormant for three years before receiving approval less than two weeks before the acquisition was announced. When asked about the timing of the deal, Coplan points to CFTC acting chairwoman Caroline Pham, who President Trump tapped to lead the agency in January. “Caroline deserves a lot of credit for getting every single license that had been paused for no reason approved, as acting chairwoman in less than a year,” he says. Coplan had realized an acquisition might be the only way for Polymarket to legally operate in the U.S. as early as 2021 due to the lengthy federal approval process, a source familiar with the deal told Forbes.

Just two months after the acquisition and days after Donald Trump Jr. joined Polymarket’s advisory board, the company received federal approval to launch in the U.S. (Trump Jr. has also served as a strategic advisor to Polymarket’s main competitor Kalshi since January.)

Polymarket’s rapid rise has drawn critics. Dennis Kelleher, co-founder and CEO of Washington-based financial advocacy group Better Markets, told Forbes in an email that the current administration’s deregulation around prediction markets has unlocked a regulatory “loophole” to enable “unregulated gambling” under the CFTC, “which has zero expertise, capacity or resources to regulate and police these markets.” Kelleher added that with backing from the Trump family “who are directly trying to profit on this new gambling den
 the massive deregulation and crypto hysteria will almost certainly end badly for the American people.”

Investors and businesses are scrambling to seize the moment of deregulation. “We had opportunities to invest in events markets earlier, but there was a lot of risk,” Sprecher says, listing the regulatory changes in favor of crypto and prediction markets under the current administration. “This was the moment to invest if we wanted to still be early in the space.”

In the last few months, Trump’s Truth Social and sportsbook FanDuel, as well as cryptocurrency exchanges Crypto.com, Coinbase and Gemini all announced their own plans to offer prediction markets. Robinhood CEO Vlad Tenev said prediction markets, which were integrated into its platform in March, were helping drive record activity for the retail brokerage in its third quarter earnings call.

“People are starting to realize right now that the opportunities are endless,” says Dubin, the billionaire hedge fund veteran who invested in Polymarket earlier this year. He points to sports betting companies, which have been regulated by states as gambling activity and taxed accordingly. States like New York can tax up to 51% of sportsbooks’ revenue, but federally-regulated prediction markets can bypass state laws, avoiding taxes and operating in all 50 states. With the realization that prediction markets could upend the sports betting industry—which brought in $13.7 billion in revenue in 2024—businesses are quickly jumping on board despite pushback from state gambling regulators. In October, both Polymarket and Kalshi secured partnerships with sportsbook PrizePicks and the National Hockey League, and Polymarket announced exclusive partnerships with sportsbook DraftKings and the Ultimate Fighting Championship.

The disruption won’t be limited to sports betting. Alongside its investment, Intercontinental’s tens of thousands of institutional clients including large hedge funds and over 750 third-party providers of data will soon have access to Polymarket data, as it gets integrated into Intercontinental’s products such as indices to better inform investment decisions. It also hopes to work with Polymarket to work on initiatives around tokenization—or converting financial assets into digital tokens on blockchain technology—to allow traders on Intercontinental’s exchanges to trade more flexibly at all hours of the day, Sprecher says. What’s more, in November, Google Finance announced it would integrate Polymarket and Kalshi data into its search results, while Yahoo Finance also announced an exclusive partnership with Polymarket.

Despite flashy investors, partnerships and a record $2.4 billion of trading volume in November, Polymarket has yet to launch in the U.S. or turn a profit. Coplan and his investors have hinted at ways the company could make money one day—selling its data, charging fees to users, launching a cryptocurrency token (similar to Ethereum or Bitcoin)—but decline to confirm any specifics. For now, the only thing that’s certain is the bet Coplan is making on himself. “Going for it and having it not pan out is an infinitely better outcome than living your life as a what if,” he says.

Standing across from the New York Stock Exchange building, Coplan tilts his head up as he watches a massive banner with Polymarket’s logo get hoisted onto the exterior of the building. It’s been five years since founding. One year since the FBI raid. He’s taking it all in. “Against all odds,” the bright blue banner reads, rippling in the wind alongside three American flags protruding from the building.

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XRP: r9pid4yrQgs6XSFWhMZ8NkxW3gkydWNyQX
XLM: GDMJF2OCHN3NNNX4T4F6POPBTXK23GTNSNQWUMIVKESTHMQM7XDYAIZT
XDC: xdcc2C02203C4f91375889d7AfADB09E207Edf809A6

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