A federal judge in Minneapolis has issued a preliminary injunction preventing Minnesota from enforcing a new law that would ban prediction markets like Kalshi and Polymarket. The judge ruled that federal law likely overrides the state law, which criminalized operating or promoting these markets. The Commodity Futures Trading Commission (CFTC) and the companies argued that prediction markets fall under federal regulation as derivative contracts called "swaps," limiting state authority. This ruling maintains the status quo while the case proceeds, highlighting the ongoing legal battle over state versus federal regulation of the multibillion-dollar prediction market industry.
Ed Stafford, famed explorer and Discovery Channel host, has become a global owner of the JETOUR G700 SUV, marking a partnership to co-produce Season 2 of JETOUR’s Adventure of Extremes. The vehicle handover ceremony was held with top executives from ...
NEAR Protocol co-founder Illia Polosukhin proposed creating a sovereign fund seeded with 30 million NEAR tokens, worth about $57 million, to support validators, multiparty computation providers, and other public goods. The fund aims to use protocol r...
XRP spot ETFs continued to attract inflows for the fourth consecutive day, led by Canary's XRP product, highlighting growing investor interest and a notable share of XRP's market cap held in ETFs. In contrast, Hyperliquid ETFs experienced net outflow...
The latest episode of Troutman Amin, LLP's Deserve to Win Podcast features interviews with CEOs from Contact Center Compliance, PureCaller ID, and Sonera, discussing the merger of CCC and PCID into Sonera and its impact on telecom industry consolidat...
The United States, alongside Japan's Bank of Japan and Ministry of Finance, has intervened in currency markets to support the Japanese yen for the first time since 1998. This coordinated action aims to counter Japan's ultra-loose monetary policy and ...
