
Crypto ATM fraud is one of the fastest-growing financial crime categories in the United States. Criminal organizations exploit the speed and pseudonymity of crypto kiosks to extract funds from vulnerable populations at an accelerating pace.

Prediction markets crossed into the mainstream in 2025, with annual trading volume growing 4x and a small number of dominant platforms emerging. Kalshi, Polymarket, and Opinion now control the vast majority of global volume, each pursuing distinct regulatory and technical strategies.

This report summarizes the legal mechanics, market-structure impacts, and operational requirements of this new regime. It also examines the remaining fragmentation at the state level and shows how a de facto 'Universal Baseline' of cybersecurity and AML/CFT expectations now governs multi-state operators.