Market Round Up: January 12, 2026

Rootstone's Market Round Up

╰ Tennessee regulators issued the first state-level cease-and-desist orders targeting prediction markets such as Polymarket and Kalshi, marking an escalation in US regulatory scrutiny beyond the federal level.

╰ a16z announced a new $15 billion fund focused on AI and crypto investments, positioning US-led technology dominance as a long-term strategic priority.

╰ Polymarket entered an official partnership with the New York Rangers, signaling a formal expansion of prediction markets into professional sports and mainstream consumer engagement.

╰ Morgan Stanley is reportedly considering a spot Ethereum ETF that includes staking yield, highlighting growing institutional interest in yield-bearing crypto investment products.