This week's Law and Ledger segment, written by Michael Handelsman for Kelman.Law, covers four fronts at once: prediction markets, offshore exchanges, digital-asset taxation, and international crypto fraud. The segment is part of an ongoing editorial series from Kelman Law, a firm focused on digital asset commerce. Each thread points to the same underlying problem — regulators and courts are still working out where crypto sits, and the answers are arriving piecemeal.
Prediction markets draw fresh scrutiny
Prediction markets are back on the legal radar this week. The segment flags them as one of the week's significant developments, though the specifics of which platforms or jurisdictions are involved sit in the editorial itself rather than in the headline summary. What's clear is that the category keeps running into the same question: whether a contract on a future event is a derivative, a gambling product, or something else entirely. Different regulators have answered that differently, and this week's coverage adds another data point to the pile.
Offshore venues and the long arm of enforcement
Offshore exchanges also made the week's list. That's a familiar story by now — platforms incorporated outside major jurisdictions, serving users inside them, and testing whether local regulators can reach across borders. The segment treats it as one of the week's significant items, which suggests enforcement or legal action rather than mere discussion. For users of offshore venues, the practical question is always the same: which regulator thinks it has jurisdiction, and what does it want.
Taxation keeps moving
Digital-asset taxation rounds out the substantive legal topics. Tax treatment of crypto has been a moving target across jurisdictions for years, and this week's segment puts it alongside prediction markets and offshore exchanges as a live issue. Handelsman's editorial examines where the rules stand and what the week's developments mean for holders and businesses. The timing isn't accidental — tax authorities have been steadily tightening their approach, and every new guidance or enforcement action shifts the ground under practitioners.
Fraud across borders
The fourth thread is international crypto fraud. Cross-border fraud cases are among the hardest to prosecute — the victims, the platforms, and the perpetrators are often in three different countries, and each has its own rules about evidence and extradition. The segment flags this as a significant development for the week, putting it in the same conversation as the regulatory and tax items. That framing is deliberate: fraud enforcement and regulatory clarity tend to move together, and this week's news touches both.
Kelman Law publishes the Law and Ledger segment weekly, with Handelsman writing this installment. Readers looking for the full analysis, including the specific cases and jurisdictions behind each item, can find the editorial at Kelman.Law. The next segment is expected to pick up whatever the coming week's docket brings.
