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Decentralized, Yet Somehow Also Custodial, Finance

Columnist Jon Reiter analyzes a fundamental contradiction in the cryptocurrency/DeFi space regarding custody and regulatory exemptions.

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Gambling: I Know It When I See It

Gambling: I Know It When I See It

Stop trying to define “gambling.” A cleaner lens is whether markets permit real information discovery – and whether states treat the underlying activity as a tradable commodity or a tightly controlled wager.