Kalshi Sues Illinois Over New State Tax on Sports-Related Prediction Markets
In brief Kalshi sued Illinois after the state created a 15% tax on revenue from sports-related prediction market wagers. The tax is set to go...
Tag : state
Crypto-backed candidates notch wins in three US state primaries
Several Democrats and one Republican who were supported by more than $8 million worth of ads funded by cryptocurrency-aligned political action committees (PACs) won their...
State Street unveils stablecoin fund as GENIUS Act reshapes reserves
State Street has launched a government money market fund tailored for stablecoin issuers as new U.S. regulations begin to define how reserve assets can be...
Senators urge Treasury ensure state authority in GENIUS application
A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the ability...
State Street launches GENIUS Act-aligned money market fund for stablecoin reserves
State Street Investment Management has launched a money market fund designed for stablecoin issuers, offering a vehicle for holding reserve assets under the framework established...
BBB refers prediction market Kalshi to state regulators over ad inquiry
The Better Business Bureau’s (BBB) National Advertising Division (NAD) is referring prediction market platform Kalshi to regulatory authorities after the company declined to participate in...
U.S. judge blocks Trump’s $100,000 H-1B visa fee after state challenge
A federal judge has blocked President Donald Trump’s order imposing a $100,000 fee on H-1B visa applications. The ruling gives relief to U.S. technology companies...
Crypto PAC-supported candidates sweep US state primaries after media buys
[Update (June 3 at 8:01 pm UTC): This article has been updated to include a response from Fairshake in the fourth paragraph.] Democratic and Republican...
George Santos Referred to DOJ, CFTC Over State of the Union Kalshi Trades: Report
In brief Kalshi froze George Santos’ account and flagged his trades to the CFTC and DOJ, both of which have opened investigations, per NPR. Santos...
Trump Backs CFTC Over Prediction Markets, Calls State Officials ‘Scum’
U.S. President Donald Trump pressed Tuesday for federal regulators to keep control over prediction markets, calling it a “critically important” issue as states move to...