Kalshi Taps Brazil’s XP to Take Prediction Markets Global
Kalshi has teamed up with Brazil's leading brokerage XP Inc. to launch regulated prediction‑market contracts outside the United States. XP will handle local distribution, client relationships, and regulatory coordination, while Kalshi supplies the trading technology, market design, and risk‑management tools. The contracts will initially be offered to Kalshi's U.S. investors and a limited set of XP clients with international accounts via XP's U.S. brokerage arm. The collaboration aligns with Brazil's securities regulator allowing derivative‑style prediction markets, marking a strategic milestone for Kalshi's global ambitions.
CMC Markets Begins 24/7 Blockchain Settlements with J.P. Morgan’s Kinexys
CMC Markets has launched a 24/7 blockchain settlement platform in partnership with Kinexys Digital Payments, a JPMorgan unit. The solution uses JPMorgan’s JPMCoin on the public Base blockchain to move cash instantly across currencies and regions. Live testing confirmed near‑real‑time...
‘Khamenei Out’ Market Becomes Legal Headache for Kalshi
Law firm Lieff Cabraser is probing Kalshi over its "Ali Khamenei out as Supreme Leader" prediction market, which generated over $50 million in volume before being halted. Kalshi invoked a contractual "death carve‑out" clause, settling contracts at the last price prior...
Robinhood Moves Into Wealth Management with Advisor Network Launch
Robinhood announced the launch of its Advisor Network, a marketplace that links eligible high‑net‑worth users with independent Registered Investment Advisors. The service targets investors holding at least $250,000 and requires participating advisory firms to manage a minimum of $500 million in...
Coinbase Employees Reportedly Face Wise “Payment Blocks” Amid UK Banking Crackdown
A LinkedIn post alleges that Wise has blocked payroll payments from Coinbase to UK‑based employees, disrupting their finances. Coinbase acknowledged the post but offered no further comment, while Wise has not responded. Wise’s Acceptable Use Policy prohibits direct crypto transactions...
Finance Magnates Launches FM Academy, Supporting CySEC CPD & Training
Finance Magnates has launched FM Academy, a compliance‑focused training platform for fintech professionals and regulated firms, centered on CySEC CPD and AML education. The service offers structured online lessons, interactive assessments, and downloadable digital certificates that can be verified for...
Singapore Sees Cyber Scams Soar 61% as Global Taskforce Warns of Widespread Crime
The Financial Action Task Force (FATF) warned that cyber‑enabled fraud is now a top money‑laundering threat in 90% of the jurisdictions it assessed. Singapore alone saw a 61% jump in scam cases over the past two years, while the United...
EToro Reports $868M Net Contribution for 2025, Funded Accounts Rise to 3.8 Million
eToro posted its first full‑year results as a public company, reporting a net contribution of $868 million, a 10% increase year over year, and GAAP net income of $216 million. Growth was driven by expanded stock, derivatives and ISA offerings, while crypto...
Philippine “Revolut” Maya Eyes Up to $1 Billion US Listing
Philippine fintech Maya, an all‑in‑one digital banking app, is eyeing a U.S. IPO that could raise up to $1 billion. The platform now serves 5.4 million customers and disbursed 68 billion pesos ($1.2 bn) in loans in 2024. Its filing comes amid a volatile...
UK to Regulate BNPL Platforms From 15 July
The UK Financial Conduct Authority will begin regulating buy‑now‑pay‑later (BNPL) providers from 15 July 2026 under a temporary permission regime (TPR). Firms active on 15 July 2025 must apply for TPR and confirm registration intent by early May, while those opting out must halt...
Robinhood and eToro Shares Sink for Eighth Day as Bitcoin Price Crashes to $63,500
Robinhood and eToro extended multi‑day selloffs as Bitcoin plunged to $63,500, its lowest level since October 2024. Robinhood closed at $75.67, down about 10% for the session and marking its eighth consecutive losing day. eToro slipped roughly 7% to $26.54,...
Leverate to Launch Prediction Market Technology for Brokers at iFX EXPO
Fintech firm Leverate will debut a turnkey prediction‑market technology for brokers at iFX EXPO Dubai 2026. The solution lets brokers add event‑based contracts to existing platforms without building pricing, risk or execution infrastructure in‑house. Leverate’s offering follows a recent trend,...
CFD Focused Equiti Group Enhances Deposits and Cross-Border Transfers with Checkout.com
Equiti Group has teamed up with global payments provider Checkout.com to upgrade its Equiti Pay gateway, adding card deposits, pay‑to‑card transfers and digital wallets such as Apple Pay and Google Pay. The integration promises faster, more reliable cross‑border funding and...
Turkish Police Shut Down Payments Firm in FX Fraud and Illegal Betting Probe, 38 Arrested
Turkish authorities shut down a centrally‑licensed payments platform accused of laundering proceeds from illegal betting and fraudulent forex trading. Police conducted coordinated raids across eight cities, arresting 38 suspects and seizing assets, while appointing a Deposit Insurance Fund administrator to...
“Singapore Banks Remain Cautious and Selective”: Web3 Firms Face Higher Compliance Demands
Singapore continues to cement its status as Asia’s premier Web3 hub, thanks to the Monetary Authority of Singapore’s clear, principles‑based regulatory framework and government‑backed sandbox programmes. Leading exchanges and fintechs such as OKX, Crypto.com and ChainUp cite regulatory certainty, strong...
PAY360 2026: Shaping the Future of Payments
PAY360 2026, the largest global payments conference, will convene over 6,000 innovators at ExCeL London on March 24‑25. Hosted by The Payments Association, the event features more than 200 speakers from banks, fintechs, regulators and tech firms, alongside 150 exhibitors....
EToro Adds DKK Accounts in Denmark After Expanding Nasdaq Nordic Data
eToro has launched Danish‑kroner (DKK) accounts, letting users in Denmark deposit, hold, withdraw and trade directly in their local currency. The move eliminates mandatory USD conversion, cutting fees that can drop to 0.15% for high‑tier members. It follows eToro’s earlier...
Options Technology Introduces Quantum Computing Into Market Infrastructure Behind FX and CFDs
Options Technology has launched what it calls the first commercially accessible quantum computing node in New York City, linking it to its low‑latency global infrastructure. The service lets clients offload specific, high‑value workloads—such as large‑scale portfolio optimization and derivatives risk...
EToro Brings 24/5 Trading to Selected Smart Portfolios, Including BigTech and Magnificent-7
eToro announced that four of its Smart Portfolios—BigTech, Four‑Horsemen, Magnificent‑7 and Buybacks—will be tradable on a 24/5 schedule. The new window runs from Sunday 20:05 to Friday 16:00 ET, giving investors near‑continuous access to these thematic products. eToro also introduced...
“The US Is Still Our Core, Asia Is Where Growth Happens”: How Singapore Family Offices Balance Scale and Opportunity
Singapore’s family office sector is experiencing rapid growth, driven by an influx of first‑generation wealth since 2019. These offices allocate a sizable portion of portfolios to alternative assets—particularly private equity, private credit, and digital infrastructure—leveraging Singapore’s tax‑friendly fund regimes and...
Boku Revenue Rockets 29% as Digital Wallets Take Center Stage
Boku posted 2025 revenue of $128.5 million, a 29% jump from the prior year, driven by rapid adoption of digital wallets and its bundling product. Adjusted EBITDA rose 31% to $41 million, delivering a 32% margin that beat consensus forecasts. Cash on...
Wise Serves 11 Million Customers as Volumes Hit £47 Billion
Wise processed £47.4 billion in cross‑border payments in Q3, a 26% year‑over‑year increase, while its active customer base rose to 10.9 million, up 20%. Business‑focused accounts grew 37% in volume, outpacing the 21% growth of consumer accounts, and now serve 542,000 clients....
Revolut Files for Peru Banking License in Fresh LATAM Push
Revolut has filed for a full banking licence in Peru, marking its entry into a fifth Latin American market after securing licences in Mexico, Colombia, Argentina, and a credit licence in Brazil. The Peruvian licence would allow Revolut to operate...
Mastercard, Visa, Revolut Lose UK Court Fight as Judge Backs Cap on Cross-Border Card Fees
A London High Court judge affirmed the UK Payment Systems Regulator’s authority to set a cap on cross‑border interchange fees, delivering a legal defeat to Mastercard, Visa and fintech Revolut. The ruling clears the path for the regulator to design...
EToro Signs Four French Clubs in Ligue 1 Push
eToro has signed multi‑year sponsorship agreements with four Ligue 1 clubs—AS Monaco, LOSC Lille, Olympique Marseille and Olympique Lyon—effective from the 2025/26 season, becoming each club’s Official Trading Partner. The deals give the trading platform prominent branding on LED boards, digital channels and, for Lille,...
Finseta Revenue Growth Slows to 9% as Tariff Uncertainty Weighs on FX Activity
Finseta posted £12.4 million revenue for 2025, a 9% rise that marks a sharp slowdown from the 26% growth recorded in 2024. Corporate client revenue surged 54% and now represents 57% of total sales, while high‑net‑worth individual activity fell amid tariff‑related...
Wall Street Quants Move Into Prediction Markets to Hunt for Arbitrage, Not to Bet
High‑frequency trading firms and quant hedge funds such as DRW, Susquehanna International Group and Jump Trading are launching dedicated desks for prediction markets. They aim to apply traditional quantitative playbooks—identifying mispricing, arbitrage gaps, and providing market‑making—rather than simply betting on...
EToro Expands Europe Offerings with 250 New UCITs ETFs Amid Competitive Pressure
eToro announced the launch of 250 new UCITS ETFs aimed at European investors, expanding its product suite as demand for regulated funds surges. European UCITS ETF inflows reached a record €330.6 billion in 2025, pushing total assets to €2.57 trillion. The new...
Exclusive: EToro to Lay Off 7% of Staff Globally
eToro announced a global reduction of roughly 7% of its workforce, equating to over 100 positions across its 10‑plus offices. The move is framed as a realignment toward AI‑driven automation and core growth priorities, despite the broker reporting 28% revenue...
Kalshi CEO Draws Battle Lines Over Insider Trading, Highlighting Deep Industry Divide
Kalshi CEO Tarek Mansour used recent insider‑trading allegations to differentiate his CFTC‑regulated exchange from unregulated offshore prediction‑market rivals. He emphasized that Kalshi follows NYSE and Nasdaq‑style rules that ban trading on material non‑public information, while platforms like Polymarket operate in...
Broadridge Buys Into AI Startup Betting on Automated Agents in Financial Services
Broadridge Financial Solutions has taken a minority stake in DeepSee, a Utah‑based agentic AI startup, and will embed its email orchestration tools into post‑trade processing. Tom Carey, Broadridge’s Global Technology president, joins DeepSee’s board as part of the deal. The...
Revolut Wants to Enter Turkey by Acquiring a Local Bank
Revolut is in talks to acquire FUPS, a Turkish digital bank, as part of its push into Turkey's fast‑growing banking sector. The transaction would need clearance from the Banking Regulation and Supervision Agency (BDDK). Revolut, now close to 70 million users,...
How Tokenised Stocks Are Creating a Parallel 24/7 Market for Equities
Tokenised stock trading volume topped $1 billion in December, underscoring a rapid shift toward 24/7, on‑chain equity access. Investors worldwide are using blockchain‑based shares to react to macro events in real time, sidestepping U.S. market hours and local brokerage hurdles. Regulators...
Dutch Neobank Bunq Refiles for US Banking License After 2024 Withdrawal
Dutch neobank bunq has refiled for a U.S. national bank charter with the OCC, two years after withdrawing its first attempt. CEO Ali Niknam cites a more favorable regulatory climate as the catalyst. The application builds on bunq’s recent FINRA...
Papaya Global Considers Sale with Valuation Up to $4.5 Billion Amid B2B Growth
Papaya Global is in advanced talks for a sale valued between $3.5 billion and $4.5 billion, with interest from private‑equity funds and enterprise‑software giants such as SAP and Oracle. The B2B segment, which made up about 40 % of 2024 revenue, is expected...
Google Opens the Ad Door to Prediction Markets and Keeps It Shut on Binary Options
Google announced that, starting Jan 21 2026, it will allow ads for exchange‑listed event contracts—commonly known as prediction markets—only from firms regulated by the U.S. Commodity Futures Trading Commission. The policy draws a clear line between CFTC‑authorized platforms such as Kalshi and...
London Fintech Boots Polish Leadership After Non-Compete Allegations
Fiinu reported its first profitable month in November 2025, driven by the Everfex acquisition that added significant pre‑tax profit. The board swiftly replaced the Polish unit’s founders with CEO Marko Sjoblom and senior officer Adam Narczewski, citing governance strengthening. Fiinu...
New Hong Kong License Enables Doo Money Lender to Operate Alongside CFD Subsidiary
Doo Money Lender Limited, a Doo Group subsidiary, has been granted a Money Lenders License by Hong Kong’s Licensing Court, authorising it to offer unsecured personal loans, mortgages and corporate financing. The license follows Doo Financial HK Limited’s recent Type 1...
Kalshi Eyes Brazil Expansion, Testing the Line Between Betting and Finance
Kalshi, a U.S. prediction‑market platform, is weighing entry into Brazil by 2026, aiming to position its event contracts as financial instruments rather than gambling products. Brazil’s new sports‑betting regime, introduced in early 2025, imposes strict licensing, domain, and KYC requirements,...
EToro Sponsors Djurgårdens IF as Nordic Stock Access Expands for Retail Clients
eToro has signed a sponsorship deal with Swedish football club Djurgårdens IF, adding LED branding and exclusive hospitality for top clients. The partnership coincides with eToro’s rollout of real‑time trading data for over 210 Nasdaq Nordic stocks, now free for...
Ukraine’s Central Bank Says Revolut’s Account Closures Stem From a Lack of Local Licensing
Revolut announced the closure of accounts for Ukrainian residents after the National Bank of Ukraine reminded the fintech that operating without a local licence violates Ukrainian law. The NBU clarified that any firm offering financial services must secure a domestic...
Revolut Targets High-Net-Worth Clients in Potential Blackstone Partnership
Revolut is in early talks with private‑equity giant Blackstone to embed the firm’s investment funds into a forthcoming private‑banking suite. The partnership would mark Revolut’s pivot from a mass‑market fintech to a wealth‑management platform targeting high‑net‑worth individuals. For Blackstone, the...
Bank of London Product Head: “Clients Don’t Want to Wait for Cutoff Times” On-Chain
Charlotte Bullock, Head of Product at The Bank of London, highlighted the bank’s focus on rapid experimentation and short approval cycles, contrasting it with the slower, layered processes of large corporates. The bank is embedding AI assistants directly into its...
United Fintech Scores Sixth Backer Days After Barclays Deal
United Fintech secured a minority stake from Dansk Vækstkapital, marking its sixth institutional investor and the second new shareholder added this month after Barclays. The fintech infrastructure provider now counts five major banks—Barclays, BNP Paribas, Citi, Danske Bank and Standard...
“MENA’s Digital Banking Challenge Isn’t Demand; It’s the Restrictive Infrastructure,” Jas Shah at FMLS:25
Fintech strategist Jas Shah highlighted that the Middle East and North Africa (MENA) region’s digital banking slowdown stems from restrictive payments infrastructure rather than lack of consumer demand. Banks are racing to upgrade legacy internet‑banking platforms to mobile‑first experiences to...
“Regulators Are Being Asked to Slow Down the Pace”: Muinmos Founder on AI and ESMA Guidance
At the Finance Magnates London Summit, Muinmos founder Remonda Z. Kirketerp Møller warned that financial firms are rushing AI into compliance without grasping its operational and regulatory ramifications. She distinguished true AI from mere automation, emphasizing that ultimate decision‑making must...
Beeks Lands Fifth Exchange Client of 2025 With Latin American Multi-Market Deal
Beeks Financial has secured its fifth exchange client of 2025 by signing a revenue‑sharing agreement with nuam, the holding company operating the Santiago, Lima and Bogotá exchanges. The Exchange Cloud platform will enable nuam to onboard local and international participants...
One-Third of eToro Trades Now Happen in 24/5 Extended Market Hours
eToro reports that roughly one‑third of its stock trades now happen outside regular market hours, following the recent rollout of 24/5 access to every S&P 500 and Nasdaq 100 constituent. The extended‑hours window runs from Sunday 8:05 p.m. to Friday 4:00 p.m. ET, letting...