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New York Attorney General Letitia James has sued Polymarket, alleging that the prediction market operated without a state gambling license and allowed people under 21 to use its platform. According to a petition filed by New York Attorney General Letitia…
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A bipartisan group of 17 state attorneys general has urged the U.S. Senate to reject the CLARITY Act ahead of a key procedural vote, arguing that the crypto market structure bill could restrict states’ ability to pursue fraud and enforce…
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Plattsburgh is considering a 12-month moratorium on new crypto mining, AI and data centers using at least 300 kilowatts.
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Tether faces a New York lawsuit alleging it froze 42.4 million USDT before authorities obtained a warrant in a $61 million fraud probe.
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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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