CZ acknowledged that there is a gambling component to prediction markets, but he said that is also true in other financial markets.”With any financial instrument, there’s always some speculators,” he said. “The speculators actually provide the liquidity, so it’s good that you have that speculation.”Policy futuresThe U.S.’s potential signature crypto policy legislation — the Digital Asset Market Clarity Act (known as the Clarity Act) — may become a law by the end of the year if lawmakers can work out some remaining issues, including an ethics provision for government officials, chiefly the president.But he said the Clarity Act and other…

Republican Florida Gov. Ron DeSantis announced at a press conference Thursday that the state’s “Alligator Alcatraz” detention camp is shutting down after less than a year in operation. It’s a quiet end for a detention camp that the state of Florida opened last July with a splashy media rollout, including Alligator Alcatraz merchandise and tours by President Donald Trump and conservative social media influencers. But the hype faded as the camp, located on a remote airstrip in the middle of the Big Cypress National Preserve, racked up huge operating costs and numerous lawsuits—a sort of Fyre Festival of incipient authoritarianism.…

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