Key Takeaways New Jersey’s deadline to petition the Supreme Court in Flaherty v. KalshiEX is Sept. 3. Ninth Circuit ruled 3-0 on Aug. 28 that Kalshi’s sports event contracts are not swaps. The Third Circuit […]
Key Takeaways Gabriel Perez must pay $172,539.02 after winning 39 of 43 Kalshi contracts. CFTC’s Perez case puts prediction market insider trading under sharper scrutiny in 2026. Perez faces a 3-year trading ban, while Van […]
Key Takeaways SEC sent its custody rewrite to OIRA, targeting an October 2026 proposal. Paul Atkins’ SEC could reshape crypto custody after dropping Gensler’s 2023 plan. OIRA’s 2026 review could affect self-custody, staking, lending and […]
Key Takeaways Nebraska certified two online sports wagering measures for the Nov. 3 ballot on Aug. 21. Fanduel and Draftkings put about $3.5M each into the petition campaign, filings show. The measures would send 70% […]
Key Takeaways Blockchain Association sued Aug. 21 to block Illinois’ 0.2% digital asset tax. Illinois’ 0.2% levy could tax trades, transfers and custody beginning Jan. 1. Crypto Council for Innovation wants enforcement blocked before Jan. […]
Key Takeaways Storm says Google and OpenAI are liable for DPRK hackers using AI, exposing flawed DOJ logic. Storm argues his verdict sets a dangerous precedent, punishing neutral developers for user crimes. The proposed CLARITY […]
Key Takeaways Kalshi removed all sports mention markets as the CFTC reviews them, NPR reports. Trump markets are 82% of the $1.16M in visible volume still listed on Kalshi. Washington bans the whole mentions category, […]
Key Takeaways CFTC ordered Kalshi to keep operating after its Aug. 1 market-emergency notice. The order says forced liquidation of a bitcoin position could trigger other unwinds. A Connecticut judge rejected the swaps premise in […]
Key Takeaways Judge Vernon Oliver held Kalshi’s sports contracts are not swaps under the CEA. Sports contracts were 80% to 90% of Kalshi’s listings and revenue, the order says. The CFTC has never reviewed a […]
Key Takeaways The KSA cleared TOTO, Kansino, Fair Play, Holland Casino, and Bingoal through 2031. Betcity, bet365, and GGPoker have not announced renewals before the Sept. 30 expiry. The KSA says 53% of Dutch online […]
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