SEC sues Mining Automatic and founder over alleged $22M crypto mining scheme
The US Securities and Exchange Commission (SEC) has sued crypto mining investment business Mining Automatic and its founder, Zan Shaikh, alleging they raised $22 million...
Tag : sues
Apple Sues OpenAI, Claims Former Employees Stole Trade Secrets
In brief Apple sued OpenAI and two former employees, alleging theft of hardware trade secrets. The complaint claims former Apple employees accessed confidential files, shared...
CFTC sues crypto pool operator over alleged $14M fraud
The CFTC has sued a North Carolina man and his company over an alleged commodity pool fraud tied to crypto and futures trading. Summary CFTC...
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...
Kalshi sues Illinois officials over prediction markets restrictions
Prediction markets company Kalshi has filed a lawsuit against state officials in Illinois over legislation it says “expressly bans sports event contracts” on its platform....
CFTC sues Kentucky after state’s prediction market lawsuits
The US Commodity Futures Trading Commission filed a lawsuit against Kentucky on Tuesday after the state sued prediction market operators last week, accusing them of...
Kentucky Sues Kalshi, Polymarket as Prediction Market Legal Battle Swells
In brief Kentucky sued Kalshi and Polymarket, alleging they operate illegal sports betting platforms. The platforms argue their contracts fall under CFTC oversight, a position...
CME Group sues CFTC over crypto perpetual futures
The Chicago Mercantile Exchange (CME) Group said it was taking legal action against the US Commodity Futures Trading Commission (CFTC) over cryptocurrency perpetual futures. In...
CFTC sues New Mexico over prediction market jurisdiction
New Mexico is the latest US state to be pulled into the Commodity Futures Trading Commission’s legal fight for its jurisdiction over prediction markets after...
Google Sues Chinese Crime Group for Allegedly Using Gemini AI for Mass Phishing Scams
In brief Google filed a lawsuit in New York federal court against Outsider Enterprise for allegedly using Gemini AI to power fraudulent campaigns. The defendants...