Connecticut Orders Major Prediction Platforms to Halt Operations
Connecticut's Regulatory Actions: Connecticut has issued cease-and-desist orders to Robinhood, Kalshi, and Crypto.com, accusing them of facilitating unlicensed sports betting through event contracts, claiming they operate outside state regulations and expose users to various risks.
Kalshi's Legal Defense: Kalshi argues that it is federally regulated by the Commodity Futures Trading Commission (CFTC) and that Connecticut lacks authority over its markets, filing a lawsuit to challenge the state's actions and asserting that its event contracts are legal under federal law.
Fanatics Enters Prediction Market: Fanatics has launched a new prediction market platform, Fanatics Markets, in partnership with Crypto.com, allowing users to trade contracts on various real-world events, despite the ongoing regulatory scrutiny in the sector.
Growth in Prediction Markets: Despite regulatory challenges, the prediction market sector is experiencing significant growth, with Kalshi recently closing a $1 billion funding round and platforms like Polymarket and Kalshi achieving record trading volumes, indicating strong investor interest.
Get Real-Time Alerts for Any Crypto Movement
Technical Analysis for TRUTH
Technical Sentiment Analysis for Swarm Network (TRUTH) As of , Swarm Network (TRUTH) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 8 technical signals, shows that 6 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for TRUTH stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, TRUTH is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Swarm Network (TRUTH) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00961 | 0.0111 | 0.0125 | 0.014 | 0.0154 | 0.0169 | 0.0183 |
| Fibonacci | 0.0111 | 0.0122 | 0.0128 | 0.014 | 0.0151 | 0.0157 | 0.0169 |
About TRUTH
About the author
