Kalshi
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Business
CFTC Fines George Santos $35,000 for Manipulating Kalshi Bet on His Own SOTU Attendance
Federal regulators have fined former U.S. Representative George Santos $35,000 after finding he engaged in illegal manipulative trading on the…
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Technology
New York Sues Kalshi for $36 Billion as Clash Between Federal Market Oversight and State Gambling Laws Escalates
A legal battle in Manhattan Supreme Court is setting up a high-stakes test case for the future of financial prediction…
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Technology
New York Sues Kalshi in Escalating Clash Between State Gaming Laws and Federal Derivatives Regulation
New York legal authorities have launched a direct assault on the burgeoning event-contracts industry, suing Manhattan-headquartered platform Kalshi for allegedly…
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Business
New York Seeks $36 Billion Penalty Against Kalshi as State Gaming Crackdown Escalates
New York gaming regulators have launched a massive legal action against Kalshi, filing a court petition that threatens the prediction…
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Crypto
Coinbase Posts Unexpected $359 Million Q2 Loss as Spot Trading Activity Drops
Cryptocurrency exchange operator Coinbase posted a surprise second-quarter net loss of $359 million as depressed trading activity across digital asset…
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Business
The Rise of Financial Nihilism: Why Retail Investors are Swapping Index Funds for High-Risk Derivatives
The democratization of finance over the last three decades was supposed to secure the average individual’s financial future. The rise…
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Crypto
New York Sues Kalshi Over Unlicensed Gambling as CFTC Fights to Protect Federal Authority
The State of New York has launched a major legal battle against Kalshi, accusing the prediction market operator of running…
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Crypto
New York Sues Kalshi for $36 Billion in Massive Regulatory Clash Over Prediction Markets
New York state authorities have launched a sweeping lawsuit against Kalshi, seeking at least $36 billion in penalties and an…
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Business
Global Markets Shake as Fed Holds Rates Amid Escalating Middle East Conflict and Apple’s $5 Trillion Valuation
Wall Street faced sharp headwinds after the Federal Reserve opted to hold its benchmark interest rate at 3.5 percent, despite…
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Business
Robinhood Tops Q2 Forecasts as Prediction Market Volume Soars to 13 Billion
Retail trading platform Robinhood Markets delivered stronger-than-expected financial performance for the second quarter, powered by rapid expansion in its event-contracts…
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