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The New York City Council has opened an investigation into the marketing practices of four prediction market platforms, including Polymarket, Kalshi, Coinbase and Gemini Titan, over allegations that event-contract firms may use deceptive advertising to attract consumers. The office of…
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CFTC invokes emergency powers to keep Kalshi operating as New York seeks at least $36 billion and broad restrictions on event contracts.
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Kalshi CEO Tarek Mansour compares the platform to Nasdaq as New York’s $36 billion gambling lawsuit shifts into federal court after removal.
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New York filed the most aggressive state action against the prediction market industry two days after the Second Circuit denied Kalshi emergency relief on July 29. The suit arrived with a coordinated announcement from the AG and the Governor, counts…
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Cathie Wood’s ARK Invest bought 109,129 Circle shares after the stablecoin issuer secured a limited-purpose trust charter in New York. ARK Invest adds 109,129 Circle shares ARK purchased 77,103 Circle shares through its flagship ARK Innovation ETF, according to the…
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New York has sued Kalshi, seeking to block its prediction markets and recover at least $36 billion in penalties and restitution over alleged violations of the state’s gambling laws. According to the New York Attorney General’s Office, Attorney General Letitia…
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TeraWulf shares have dropped more than 7% after New York ordered a one-year pause on new environmental permits for large-scale data centers. According to an executive order signed by New York Governor Kathy Hochul on Tuesday, the state will temporarily…
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Kalshi loses NY injunction bid as Judge Torres says state gambling laws may apply to sports contracts despite CFTC oversight claims in case.
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Blockchain trade group the Digital Chamber has filed an amicus brief opposing a New York lawsuit that seeks ownership of 39,069 dormant Bitcoin wallet addresses holding an estimated 3.7 million BTC. In a court filing submitted on Monday, the Digital…
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Polymarket has been sued in New York after two users alleged the prediction platform wrongly denied payouts on a Strategy Bitcoin market despite the company disclosing a Bitcoin sale in an SEC filing. According to a complaint filed in the…
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NYLIM and Centrifuge launch HYB, a tokenized U.S. high-yield bond fund settling in USDC for eligible investors onchain.
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New York financial regulators have moved to update the state’s stablecoin rules as the federal government prepares to implement the GENIUS Act, a law that will reshape how payment stablecoins are supervised across the United States. The New York State…
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A New York judge has halted proceedings in a lawsuit seeking ownership of 39,069 dormant Bitcoin wallets, delaying any attempt to secure a default judgment before a July 14 court hearing. According to court filings made public on June 5,…
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A New York federal judge has postponed a decision on Aave’s request to release $71 million in frozen Ethereum tied to the Kelp DAO exploit, ordering both sides to submit additional legal arguments before a June hearing. According to filings…
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Uphold disputes NYAG claims after a $5M CredEarn settlement, saying Cred misled the company and users before its 2020 collapse.
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New York secured a $5M Uphold settlement over CredEarn, saying users were misled on crypto savings risks and false insurance claims in 2020.
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