The lawsuit alleges that Kalshi acted as an unlicensed gambling operator, stressing that prediction markets meet the legal definition of gambling as the outcomes of event contracts “are uncertain and outside the control of the bettor or hinge on a game of chance.” New York Alleges Kalshi Violated State Laws Operating an Unlicensed Gambling Business […]
Source: https://news.bitcoin.com/regulation-and-legal/ny-sues-kalshi-demanding-100k-fine-per-illegal-bet/
Bitcoin Blackrock Drives 79% of Bitcoin ETFs $233M Inflow
Bitcoin Circle Hits Regulatory Milestone With NYDFS Trust Charter
Bitcoin Coinbase Hits Record 10.3% Market Share Despite $359M Loss
Bitcoin Strategy Swings From $14B Profit to $8.2B Loss as Saylor Sells
