Blockchain analytics firm Elliptic recently secured $120 million in a Series D funding round led by One Peak, with participation from Nasdaq Ventures, Deutsche Bank, and the British Business Bank. The company is now valued at $670 million.

 

 

According to Elliptic, the funding will be used to accelerate its mission to deliver enterprise-grade on-chain analytics to some of the world’s largest financial institutions, including banks, fintech companies, crypto companies, and government agencies.

 

“As digital assets become more embedded in the global financial system, institutions need trusted infrastructure to manage compliance and risk at scale. Elliptic’s platform plays an important role in providing that infrastructure, helping firms navigate digital asset adoption with confidence and integrity,” said Gary Offner, Senior Vice President and Head of Nasdaq Ventures.

 

Among Elliptic’s expansion plans is scaling its native artificial intelligence compliance system for enterprises. Leveraging its years of experience building one of the most comprehensive and diverse datasets and its ability to process more contextual information per second than competitors, Elliptic plans to build an enterprise-grade compliance system that allows compliance teams to do more with less: alerts resolved in minutes rather than hours, human judgment reserved for where it genuinely matters, and compliance costs falling as volume grows.

 

“As institutional adoption of digital assets accelerates, the demand for scalable compliance solutions has never been higher. Elliptic pioneered the use of blockchain analytics to meet this challenge and has cemented its status as a global leader, screening over 1 billion transactions a week for more than 700 customers in 30 countries,” said Charlotte Lawrence, Managing Director of Direct Equity at the British Business Bank.

 

This capability will also benefit stablecoin and tokenized asset companies that process billions of dollars in transactions. In 2025, about $33 trillion in transactions were processed by stablecoin companies. By leveraging its data intelligence infrastructure, Elliptic enables these companies to meet enterprise-grade compliance requirements in real time, an operational necessity for crypto exchanges that handle and move billions of dollars in crypto daily.

 

About Elliptic 

Elliptic is a London-based blockchain analytics firm that specializes in tools for financial crime risk management, anti-money laundering (AML), transaction monitoring, wallet screening, investigations, and threat intelligence across the global crypto ecosystem.

 

Elliptic currently serves over 700 clients across 30 countries, supports more than 65 blockchain networks, and screens about 1 billion blockchain transactions each week. It has partnered with leading industry players, most recently the layer 1 Solana and the Tempo blockchain networks.

 

 

The Commodity Futures Trading Commission (CFTC) and the U.S. Department of Justice (DOJ) have filed parallel federal lawsuits against the states of Illinois, Connecticut, and Arizona, as well as their gaming regulators, over the federal government’s right to regulate prediction markets.

 

The filings, which were made on Thursday, aim to prevent these states from restricting prediction market companies and enforcing state-level rules on them. The CFTC claims that it possesses exclusive regulatory authority over prediction markets and says it will defend participants from what it describes as overzealous state regulators.

 

With this move, the CFTC seeks to halt strict regulatory actions taken by these states’ authorities, including several cease-and-desist letters issued to prediction market companies such as Kalshi and Polymarket.

 

What These States Did

Earlier this year, the Arizona Attorney General filed criminal charges against KalshiEx LLC and Kalshi Trading LLC, accusing them of operating an illegal gambling business without a state license and violating state election wagering laws.

 

In December 2025, the Connecticut Department of Consumer Protection (DCP) issued cease-and-desist orders to multiple prediction market platforms, including Kalshi, Crypto.com, and Robinhood, accusing them of offering illegal sports event contracts and operating unlicensed online gambling operations within the state.

 

In April 2025, the Illinois Gaming Board (IGB) issued cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, asserting that the sports event contracts offered by these platforms constituted illegal wagering under Illinois gambling law.

 

In the court filing against Illinois Governor JB Pritzker, Attorney General Kwame Raoul, and the Illinois Gaming Board, the U.S. commodities regulator argues that event contracts traded on approved exchanges qualify as “swaps” under federal law, not gambling. The regulator also contends that Congress granted it exclusive jurisdiction and that Illinois’s insistence on licensing requirements amounts to an attempt to block federally regulated exchanges from operating.

 

Image credit: courtlistener

 

CFTC Acting Chair Michael Selig reiterated in a post on X that the CFTC has exclusive authority to regulate prediction market activity in the United States, and confirmed that the lawsuit was jointly filed by his agency and the U.S. Department of Justice.

 

 

Crackdown on Prediction Market Intensifies

Prediction market companies have faced intense crackdowns and regulatory restrictions in the U.S. in recent times. There are currently over 20 nationwide lawsuits filed against prediction market companies by regulators from several states, including New York, Washington, Nevada, and Massachusetts.

 

Outside the U.S., there have also been several strict regulatory actions by authorities in multiple countries, with many regulators accusing prediction market companies, especially Polymarket and Kalshi, of operating unregistered gambling activities and offering illegal sports event contracts in their jurisdictions.

 

 

Blockchain data analytics company Chainalysis announced on Tuesday at its annual Links conference in New York the introduction of its blockchain intelligence agents, designed to scale investigations and compliance for security professionals and organizations.

 

According to the company’s CEO and co-founder, Jonathan Levine, the AI agents are not a “new product” or a “bolted-on chatbot feature,” but rather an evolution of the company’s existing platform and experience, built on insights from billions of transactions screened and more than ten million investigations conducted over the past decade.

 

"Chainalysis blockchain intelligence agents put the full depth of our platform, our data, products, and institutional expertise, into the hands of anyone in your organization,” Levine wrote in a company blog post. “From seasoned investigators and compliance analysts to executives, Chainalysis agents provide insights and amplify what your team can do.”

 

 

To ensure transparency and reliability in its use, the Chainalysis team built its blockchain intelligence agents around four key principles: data quality, context and reasoning, auditable results, deterministic workflows, and human control. These principles are designed to help the agents deliver accurate and consistent insights.

 

The blockchain intelligence agents will begin rolling out over the summer, and the team expects that, over time, they will be used by professionals across a range of roles to unlock new levels of blockchain insight.

 

Chainalysis Joins the AI Agents Race

Prior to Chainalysis's integration of AI agents into its blockchain intelligence platform, several blockchain companies had already developed and launched their own AI-powered tools.

 

On March 25, blockchain intelligence firm and Chainalysis competitor TRM Labs announced the launch of its Co-Case Agent, an embedded AI investigative assistant that enables investigators to use plain-language prompts for complex on-chain tasks such as tracing funds, auditing transaction graphs, and maintaining immutable audit logs for Suspicious Activity Reports (SARs).

 

Blockchain analytics and crypto intelligence platform Nansen also launched its Nansen AI agent earlier this year. The conversational assistant supports on-chain research and agentic trading, helping users analyze wallets, identify market signals, and suggest trades.

 

These AI agent releases followed the introduction of Elliptic’s Copilot. In April 2025, the blockchain analytics and crypto compliance firm launched its AI-powered assistant to streamline compliance workflows and risk management.

 

Elliptic’s Copilot is widely regarded as one of the earlier AI assistant tools introduced by a blockchain intelligence company.