CFTC approves Polymarket.
OP Mainnet backup sequencing.
GnosisDAO terminates Karpatkey.
MegaETH pre-deposit challenges.
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Listen to this episode from Ethereum News on Spotify. The CFTC approves Polymarket for intermediation. OP Labs introduces backup sequencing. GnosisDAO terminates its contract with Karpatkey. And MegaETH suffers technical issues during its pre-deposit campaign. Read more: https://ethdaily.io/831 Sponsor: Arkiv is an Ethereum-aligned data layer for Web3.
](https://open.spotify.com/episode/6I90cDQhiH8iHlPenc0div)
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Polymarket, the world's largest prediction market platform, received CFTC approval via an Amended Order of Designation, allowing it to operate as a fully regulated U.S. exchange. The approval enables intermediated trading, where users access markets through licensed brokers and FCMs, integrating with traditional custody systems. CEO Shayne Coplan praised the current administration for their speed and feedback on applications, stating that “this admin and commission are built differently.” Polymarket allows users to bet on real-world event outcomes across elections, sports, and markets.
Sunnyside Labs, a core contributor to the OP Stack, and OP Labs introduced backup sequencing on OP Mainnet, allowing the sequencer set, previously operated solely by OP Labs, to include Sunnyside Labs as a backup. A sequencer failure forces users to fall back to the slow L1 forced transaction. The new system uses op-conductor, a Raft-based program, to manage sequencer failover. There are currently five sequencers, 3 by OP Labs and 2 by Sunnyside Labs, spanning multiple cloud providers. The transition from a single operator to a multi-operator model ensures continuous block production and moves towards sequencer decentralisation for the Superchain.
GnosisDAO approved a proposal to terminate its four-year treasury management relationship with DAO treasury manager Karpatkey. The vote follows debates over costs, risk, performance, and alignment following Karpatkey’s 2024 spin-out into an independent entity. All treasury assets will be returned to direct GnosisDAO control. The assets will eventually be consolidated into sUSDS, wstETH, and Gnosis ecosystem tokens. Karpatkey, originally incubated by Gnosis in 2021, continues managing treasuries of other protocols, including the ENS DAO and Balancer.
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