Topic
litigation
4 stories
Judge to Coinbase on prediction-market preemption: 'applesauce'
A federal judge in Michigan refused to shield Coinbase from state gambling enforcement over sports event contracts, calling the exchange's federal-preemption arguments "applesauce.
Eliza's founder calls the AI token dead and winds down its foundation after a settlement
Decrypt reports that Eliza's founder has declared the AI token dead and is winding down the project's foundation following a lawsuit settlement, with terms and parties still unconfirmed.
Circle suspended a Tether-backed arbitrage fund over manipulation fears, unsealed filings show
Arbitration records unsealed in Boston show Circle cut off Heka Funds' USDC minting and redemptions in December 2023 after concluding the Tether-backed arbitrage fund might be manipulating the market; the arbitrator found no breach of contract.
CFTC Escalates Multi-State War Over Prediction Markets, Suing Kentucky and New Mexico to Assert Exclusive Federal Jurisdiction
The CFTC has gone on the offensive, suing New Mexico and Kentucky in federal court to assert exclusive federal jurisdiction over prediction markets like Kalshi against state gaming laws.