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Latest Lawsuit News
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Kalshi hired Stephanie Cutter as policy adviser as lawsuits, CFTC disputes, and congressional scrutiny around prediction markets continued.
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U.S. lawyers are filing AI-generated briefs with fictitious citations at an accelerating pace, court sanctions are setting new records, and the technology is spreading so deeply into legal software that experts say mandatory disclosure rules may already be obsolete. U.S.…
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Washington sued Kalshi over event contracts, adding to claims that its platform offers unlicensed gambling across local markets nationwide.
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Nevada state authorities have been cleared to issue a temporary restraining order against prediction market platform Kalshi. On Thursday, the Ninth Circuit Appeals Court denied Kalshi’s emergency request to stay proceedings. The case will now be sent back to federal…
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Gemini shareholders have targeted the crypto exchange through a new class action lawsuit alleging that it misled investors during and after its initial public offering. Filed in New York, the class action lawsuit has been brought against Gemini, its co-founders…
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The DeFi Education Fund, a prominent lobbying group, and Beba, a Texas-based apparel company, have dropped a lawsuit against the US Securities and Exchange Commission. The lawsuit was filed back in 2024 as a pre-enforcement challenge, where the plaintiffs argued…
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The U.S. Securities and Exchange Commission has dropped a multi-year case against Nader Al‑Naji, who had been accused of misleading investors and violating federal securities laws tied to the launch of the BitClout platform. A joint stipulation of dismissal filed…
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A banking lobby group in the United States is considering legal action against the Office of the Comptroller of the Currency over the agency granting national trust bank charters to crypto firms. An unnamed source familiar with “the lobby’s thinking”…
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Binance has rejected allegations that its platform allowed transactions linked to entities in Iran. The exchange issued a response on March 6 to a letter sent by Richard Blumenthal regarding sanctions compliance and anti-money laundering controls. The inquiry referenced several…
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Justin has secured a $10 million settlement in a multi-year lawsuit filed by the United States Securities and Exchange Commission that accused the crypto entrepreneur of alleged fraud and securities violations. A letter from the SEC made public on Feb.…
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A long-running lawsuit against Uniswap Labs that alleged the decentralized exchange developer was responsible for scam tokens and so-called rug pulls traded on its protocol came to an end after a federal judge dismissed the claims on Monday. Judge Katherine…
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Terraform Labs’ court-appointed bankruptcy administrator has filed a lawsuit against market maker Jane Street for allegedly using non-public information to profit from the 2022 collapse of the Terra ecosystem. The lawsuit was filed on Monday and accused Jane Street insiders,…
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The Nevada Gaming Control Board has filed a civil enforcement action against KalshiEX LLC, accusing the federally regulated prediction market of offering unlicensed wagering in the state. Nevada moves to block Kalshi’s event trading In a complaint filed in Carson…
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Polymarket has taken legal action against Massachusetts officials, seeking to block the state from restricting its prediction markets. The move comes as U.S. regulators and courts step up scrutiny of platforms that allow users to trade on real-world events, especially…
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Nevada’s Gaming Control Board has filed a civil enforcement action against Coinbase over wagers on sports event contracts. According to a Feb. 3 press release from the board, Coinbase, through its prediction market products, may be offering unlicensed wagers on…
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Kevin O’Leary says U.S. crypto market structure legislation is finally on the brink, predicting it will pass before the midterm elections despite months of delays.
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