In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is …
sues
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CME Group, the world’s largest traditional futures exchange, has filed a federal lawsuit against the Commodity Futures Trading Commission (CFTC), as detailed …
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Kentucky Attorney General Sues Polymarket And Kalshi Over Sports Betting Claims TL;DR Kentucky Attorney General Russell Coleman has escalated the state’s fight …
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Regulation
CFTC Sues New Mexico to Block State Gaming Laws From Reaching Federally Regulated Prediction Markets
by shayaanby shayaanThe Commodity Futures Trading Commission filed suit Thursday in federal court against New Mexico, seeking to prevent the state from applying its …
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Smart Contracts
Google Sues Chinese Crime Group for Allegedly Using Gemini AI for Mass Phishing Scams
by shayaanby shayaanIn short Google has filed a lawsuit in New York federal court against Outsider Enterprise alleging it used Gemini AI to enable …
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In brief Florida filed a lawsuit against OpenAI and CEO Sam Altman, alleging the company misled consumers about ChatGPT’s safety and risks. …
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Regulation
Retired Couple Loses $76,000 Life Savings to Bitcoin ATM Scam, Sues Bitcoin Depot in Federal Court
by shayaanby shayaanA class action filed in Idaho accuses the now-bankrupt crypto ATM operator of profiting from fraud while leaving vulnerable consumers unprotected. A …
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Markets
SEC sues Texas man over $12.3 million alleged crypto scheme built on fake AI trading bots
by shayaanby shayaanFuller allegedly diverted $6.2 million for personal use and $5.5M for Ponzi-like payments; only 3% of funds went to crypto trading. www.coindesk.com
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Regulation
Trump-affiliated World Liberty sues Justin Sun for ‘defamation’ after Tron creator’s lawsuit
by shayaanby shayaanWorld Liberty Financial, the cryptocurrency company affiliated with U.S. President Donald Trump and his family, filed a defamation lawsuit against Tron creator …
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Markets
CFTC sues Wisconsin in agency's legal campaign defending prediction markets authority
by shayaanby shayaanThe U.S. Commodity Futures Trading Commission added Wisconsin to the list of states it’s sued over event-contract jurisdiction, most recently New York. …