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The Cyprus Securities and Exchange Commission (CySEC) has issued a fresh warning against a group of websites offering, or appearing to offer, investment services without authorisation in Cyprus. In a notice dated 14 August 2026, the regulator said the websites do not belong to entities authorised to provide investment services or perform investment activities under Article 5 of Law 87(I)/2017. The latest warning names the following websites: m4-platform.com, m4-markets-latam.vercel.app, waltonmarketltd.com, investiumlimited.com, evercrest.capital, gofx.com, tazerpro.com, quantacfd.com, cypriantrustbank.com, and omnixmarkets.com.Names Resembling Regulated BrandsSome of the names appear to resemble existing or regulated financial brands. For example, CySEC’s own register lists Investium Limited as a licensed CIF with licence number 421/22, but its approved domain is flexinvest.com, not investiumlimited.com. The regulator’s approved-domain list also includes Ссылка скрыта for Harindale Ltd, the operator of the M4Markets trade name, while the latest warning names m4-platform.com and m4-markets-latam.vercel.app. CySEC did not provide further details on the operators behind the websites. However, the regulator again urged investors to consult its official website before doing business with any investment firm.CySEC Urges to Check Investment FirmsThe warning follows a familiar pattern from the Cypriot watchdog, which regularly updates investors on websites not connected to authorised entities. These notices often include trading and investment brands that present themselves as brokers or financial service providers, although they are not listed among firms supervised by the regulator. Firms operating without authorisation in Cyprus are outside CySEC’s supervisory framework, meaning clients may not have access to the protections available when dealing with licensed investment firms. CySEC maintains a public register of regulated entities on its website, allowing investors to verify company names, license numbers, approved domains, and contact details before opening an account or transferring money.This article was written by Tanya Chepkova at Ссылка скрыта via News – Finance Magnates | Financial and business news Ссылка скрыта

Gemini's president is calling prediction markets the platform's biggest near-term growth driver. However the claim has yet to be reflected in the segment's revenue contribution. Gemini Space Station reported a $107.7 million net loss for the second quarter, its fourth consecutive quarterly loss since going public in September 2025, according to results published on 13 August. Revenue rose 37% year-on-year to $45.5 million, ahead of analyst estimates, while assets on the platform fell 54% to $8.4 billion amid lower crypto valuations and institutional custody outflows.Gemini has cut roughly a third of its staff and lost several senior executives over the past year, and in May the Winklevoss brothers invested $100 million of their own money into the company.Shares fell about 6% in after-hours trading following the report, after closing up 3% earlier in the session. The stock has now fallen from an intraday high of $45.89 on its Nasdaq debut in September 2025 to around $4.06 — a decline of more than 90% in under a year.The Predictions Bet, so farCameron Winklevoss, Gemini's president, said prediction markets remain "the largest near-term growth opportunity on the platform," citing the sports season ahead in the second half of the year. The segment generated about $500,000 in Q2 revenue, which is roughly 1% of Gemini's total.The volume numbers show the same gap. Event contracts traded on the platform surpassed 225 million cumulatively since the product's December 2025 launch, up 93% quarter-on-quarter, though Gemini has not disclosed the dollar volume behind them. Third-party estimates put cumulative turnover at roughly $24 million as of July — a fraction of Kalshi's reported $100 billion-plus of notional volume, and smaller than the volumes Kalshi and Polymarket registered around the 2026 World Cup alone.A Five-Year Wait for a Licence Gemini spent five years pursuing the regulatory approvals behind this push. It secured a Designated Contract Market licence from the CFTC in December 2025, allowing its Gemini Titan subsidiary to offer event contracts to US customers.In April 2026 it added a Derivatives Clearing Organization licence to self-clear its own contracts. Winklevoss had said in 2025 that prediction markets have the potential to be "as big or bigger than traditional capital markets" - a claim the company is only now starting to test against rivals with a multi-year head start.The push into predictions, credit cards and other non-crypto products comes as Gemini's core exchange revenue remains under pressure alongside the rest of the industry. eToro, Robinhood and Coinbase all reported falling crypto revenue for the second quarter. Gemini itself has described its business as crypto-centric, and management said on an earlier earnings call it was working to transition toward a "super app for the markets economy." Management has framed the past nine months as a period of product rebuilding rather than a return to profitability. The next quarterly report will show whether prediction markets and other new products can grow into a meaningful share of revenue rather than a small addition.This article was written by Tanya Chepkova at Ссылка скрыта via News – Finance Magnates | Financial and business news Ссылка скрыта

XTB is examining systematic-internalizer arrangements for stock and ETF execution, Filip Kaczmarzyk, its board member for trading, said in an interview published today (Friday). The broker is looking for lower execution costs while retaining its zero-commission offer.Executing eligible orders against a firm's own book, rather than routing every order to an exchange, could make commission-free trading cheaper to support. It would also bring pricing, best execution and conflict controls to the center of a model that European brokers are already rebuilding.How XTB Could Lower Stock Execution CostsKaczmarzyk said XTB currently sends cash equity and ETF orders to regulated markets. XTB is looking at other execution routes as those products become a larger part of its revenue diversification effort."We are looking closely at systematic internaliser-type solutions," Kaczmarzyk said in the Biznes Info interview.[#highlighted-links#]He described a broker keeping an inventory of liquid securities and selling from that stock when clients place orders. That can reduce exchange, commission and other execution costs.Under MiFID II's definition, a systematic internaliser is an investment firm that deals on its own account on an organized, frequent, systematic and substantial basis when executing client orders outside a regulated market, multilateral trading facility or organized trading facility.The regime is not a license to set any price. MiFIR requires systematic internalisers in shares and ETFs to publish quotes during normal trading hours, use transparent and non-discriminatory execution rules and comply with best-execution requirements.Kaczmarzyk did not say whether XTB would become a systematic internaliser itself, connect to an external provider or use a different structure. He gave no implementation timetable.XTB currently charges no commission on real stocks and ETFs up to EUR 100,000 (about $117,000) of monthly turnover. Kaczmarzyk said XTB has no plans to restore standard commissions.Its published fee schedule applies a 0.2% commission, with a EUR 10 minimum, above that threshold. A 0.5% margin applies to relevant currency conversions.Trade Republic Has Already Moved Execution In-HouseXTB would not be entering an empty field. Trade Republic changed its execution model in July, shortly after Germany's exemption from the European Union's payment-for-order-flow ban expired.Under the new system, Trade Republic said it aggregates prices from 30 exchanges before executing orders against its own account instead of passing them directly to a venue.Clients can instead select a specific venue, including Xetra, Euronext, NYSE or Nasdaq, for a EUR 2 fee. Scalable Capital, another German neobroker, has used a subscription tier to help fund low-cost trading.Those approaches illustrate the same economic pressure, but they are not interchangeable. PFOF pays a broker for routing orders to another party. A systematic internaliser executes qualifying client orders against its own account under a separate transparency and conduct framework.KNF Fine Keeps Conflicts and Controls in ViewThe possible execution change arrives after the Polish Financial Supervision Authority, known as the KNF, fined XTB PLN 20 million (about $5.5 million).The March decision concerned client onboarding, target-market controls, risk information and conflicts related to a promoted-instrument list between 2022 and 2023.The sanction did not concern systematic internalisation or the cash equity model now under consideration. It nevertheless makes the governance around any move toward own-account execution relevant, particularly how the broker documents price quality and manages potential conflicts.Kaczmarzyk rejected the idea that fines are simply built into XTB's cost of doing business. He said even a small penalty creates reputational problems with clients, partners and other regulators, and resurfaces when XTB seeks approvals or passes due diligence with a new broker.He also said XTB had changed the onboarding processes…