Crypto Industry Dives Deeper Into Prediction Markets as Kraken Buys Exchange

1. Kraken acquired Small Exchange for $100 million to launch U.S.-native derivatives. 2. Acquisition allows Kraken to create derivatives under CFTC oversight. 3. Government shutdown may delay Kraken’s mergers and operations. 4. Coinbase is also entering prediction markets, rebranding as an 'everything exchange'. 5. Polymarket and Kraken's mergers could be stalled by regulatory hurdles.