Crypto News, June 22: Jared from Subway Big Exploit and Its Legal Battle, UK Advances Stablecoin Regulations, Polymarket Accused of Fake Betting

Crypto markets woke up to pure chaos this Monday, and the Jared from Subway exploit, advancing UK stablecoin regulation, and Polymarket allegations are among the biggest crypto news stories dominating every feed. The hunter has become the hunted, regulators finally admitted they overreached, and one prediction market alleged for staging its own success. Fresh developments…

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$1.9M in Fake Bets Drove Polymarket Hype: WSJ

In brief Dozens of mostly college-age creators were paid to film fake bets, and sometimes fake wins, on near-identical copies of the Polymarket website, a Wall Street Journal investigation found. A WSJ review of 1,105 videos by 10 creators found that none of roughly $1.9 million in wagers shown were real, including a creator’s staged…

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