Securitize shares climbed about 10% Thursday as the company launched tokenized versions of major US stocks on Solana, offering eligible investors exposure to equities backed by underlying shares with dividend and voting rights.The new offering, called Securitize Stocks, includes tokenized shares of Apple, Nvidia, Microsoft, Tesla and eight other US-listed companies. The tokens are backed one-for-one by underlying shares and will initially trade during extended market hours through Securitize’s registered broker-dealer platform, according to Thursday’s announcement.Securitize (SECZ) stock. Source: Yahoo FinanceSecuritize said the tokens represent security entitlements under Article 8 of the Uniform Commercial Code and preserve applicable shareholder benefits, including dividends and voting rights. The company also plans to make the assets available on tokenized securities platforms being developed by the New York Stock Exchange and OKXICE, though neither has set a launch date.The tokens will settle in USDC on Solana, with Jump Trading providing liquidity through market-making services. Trading will begin during extended market hours, with plans to expand to 24/7 trading on an unspecified timeline. Beyond trading, the company is exploring broader uses for the tokenized equities. According to Securitize, Ripple Prime plans to support the launch and explore incorporating the assets into its institutional trading services, while decentralized lending platform Aave has been identified as a potential venue for using the stocks as collateral.Ripple Prime did not respond to Cointelegraph’s request for additional details by publication time.Related: Securitize Capital becomes SEC-registered investment adviserSecuritize shares rally twice in one weekThursday marked the second sharp intraday rally for Securitize shares this week. The stock climbed nearly 8% in early trading Tuesday, when the company announced a partnership with South Korean technology firm LG CNS to explore tokenized funds, equities and stablecoins for financial institutions.The South Korean agreement also covers infrastructure that could connect local financial institutions with global capital markets. It follows a September memorandum of understanding with Dubai’s Virtual Assets Regulatory Authority to support regulated tokenization initiatives in Dubai.Securitize shares have gained roughly 54% over the past month, according to Yahoo Finance data.The company’s expansion comes amid broader growth in tokenized real-world assets. RWA.xyz data shows distributed asset value excluding stablecoins reached $38.88 billion as of Thursday, up from $25.36 billion a year earlier.Source: RWA.xyzMagazine: Crypto lending rises again… but have they solved the risks?

The National Football League (NFL) largely sided with New Jersey officials in their petition for the Supreme Court to consider a case on sports bets through prediction markets platforms In an amicus brief filed with the US Supreme Court on Wednesday, the NFL called on the justices to grant a petition for a writ of certiorari from New Jersey Attorney General Jennifer Davenport and gaming enforcement interim director Mary Jo Flaherty. The filing came in response to New Jersey officials petitioning the court to consider its case against Kalshi, potentially resolving whether the jurisdiction of prediction market companies falls under state authorities or federal agencies.The football league supported many of the New Jersey authorities’ arguments, including that the case addresses potential issues with labeling sporting-event contracts on prediction market platforms as “swaps” and that it should be reviewed to “preserve game integrity” and “protect customers.” The group cited data showing that on the first Sunday of the football season, “more than half of all prediction-markets’ trading volume,” about $1.8 billion of $3.3 billion, related to the NFL.According to the NFL, many of the sporting event contracts on Kalshi and other platforms were “highly susceptible to manipulation” or “otherwise inherently objectionable.”“These bets, in the NFL’s view, pose the greatest threats to game integrity, because many can be manipulated by a single person, especially if known in advance—for instance, a player can alter his performance, a coach can change his team’s lineup, or an official can make (or not make) certain calls,” said the amicus brief. Event contract on 2027 Super Bowl. Source: KalshiRelated: New York sues Polymarket over alleged illegal gambling businessAlso at issue, according to the NFL, was the lack of what it called “sensible safeguards” for event contracts from the Commodity Futures Trading Commission (CFTC). Federalizing sports betting regulation, rather than leaving it to individual US state authorities, was a “major question” the Supreme Court should consider. As of Thursday, the Supreme Court had not announced whether it planned to grant review of the case. Kalshi was granted an extension to respond to the New Jersey filing, giving the company until Nov. 9 to address issues related to jurisdiction, manipulable event contracts, and consumer protection.States want clarification from SCOTUS on prediction marketsOn Wednesday, 39 US states and the District of Columbia also filed an amicus brief supporting New Jersey’s position, saying the conflict between the CFTC and state authorities over prediction markets had resulted in a “national turf war” that could not be resolved without an answer from the Supreme Court.“Waiting too long to address this issue will permit the federal-state regulatory dispute to escalate,” said the filing. “The ongoing power struggle between the States and the CFTC highlights the unpredictability about what law applies—and to whom. Whether in this case, or in one of the many more cases sure to come, this Court should step in, resolve the circuit split, provide guidance to lower courts, clarify the CFTC’s authority, and provide the badly needed answer to the Question Presented.”Kalshi spokesperson Dani Lever told Cointelegraph after the September New Jersey filing that the company could not be “regulated by 50 different regulators.“Whether the Supreme Court justices will take up the issue of prediction markets is unclear. While New Jersey officials were the first to petition the high court to consider the Kalshi case, there were many examples of state-level actions against prediction market companies that could still face appeal. Magazine: Crypto lending rises again… but have they solved the risks?

Video streaming platform Netflix released a trailer for its eight-episode series about the lead-up to the collapse of cryptocurrency exchange FTX, centered on former CEO Sam “SBF” Bankman-Fried and his colleague and girlfriend, Caroline Ellison, who headed the company’s sister arm, Alameda Research.In a Thursday X post, Netflix showed footage from the upcoming series to be released on Nov. 19 “about the love scorned prodigies behind the FTX scandal.” The series, starring Anthony Boyle as Bankman-Fried and Julia Garner as Ellison, seemed to focus on the idea that “going all-in every time is the mathematically optimal strategy,” likely referring to the crypto exchange’s high-risk investments using user funds.“Lying isn’t bad for a good cause,” said Garner as Ellison in the trailer. The line echoes Ellison’s testimony at Bankman-Fried’s 2023 criminal trial, when she said he believed rules against lying and stealing did not necessarily apply to effective altruism. The philosophy emphasizes doing the most good possible, including through “earning to give,” the practice of accumulating wealth to donate to charitable causes.Bankman-Fried, Ellison and others tied to FTX and Alameda were indicted in December 2022 following the exchange’s collapse and bankruptcy. Ellison took a plea deal and testified against SBF, while Bankman-Fried chose to go to trial. He was found guilty on seven felony counts related to fraud and sentenced to 25 years in prison. As of October, Bankman-Fried had pending motions requesting a presidential pardon from Donald Trump and having his conviction overturned by the US Supreme Court. Ellison was released from federal custody in January.Related: US Senate unanimously adopts resolution opposing clemency for SBFCointelegraph is committed to independent, transparent journalism. This news article is produced in accordance with Cointelegraph’s Editorial Policy and aims to provide accurate and timely information. Readers are encouraged to verify information independently.