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CFTC sues three states for trying to regulate prediction markets
The US Commodity Futures Trading Commission is suing Illinois, Arizona and Connecticut for attempting to outlaw or regulate prediction markets like Kalshi and Polymarket. The CFTC believes it has sole [...]
US judge rules Huawei must answer criminal charges about alleged Iran deal
A US judge has ruled that Huawei must stand trial following a 16-count indictment from 2019 accusing the Chinese telecommunications company of trying to steal trade secrets from its US rivals and sell [...]
Nevada sues Kalshi for operating a sports gambling market without a license
Nevada is taking action against the rapidly growing Wild West of prediction markets. The state's gambling regulators and attorney general sued Kalshi on Tuesday. They accuse the company of bypass [...]
New Jersey has no right to ban Kalshi's prediction market, US appeals court rules
Kalshi can't be stopped in New Jersey. A 3rd US Circuit Court of Appeals panel ruled on Monday that New Jersey has no authority to regulate Kalshi's prediction market allowing people to bet [...]
EU tells Apple it has "no intention" of repealing the Digital Markets Act
The European Union has summarily rejected calls from Apple to repeal and replace its Digital Markets Act (DMA), the law that governs much about how giant tech companies must operate within the 27-nati [...]
Kash Patel's personal email account was accessed by hackers linked to Iran
A hacking group called Handala has gained access to FBI Director Kash Patel's email account, Reuters reports. The group published content from Patel's email on their website as proof, includ [...]