Prediction markets platform Kalshi’s legal battle against Massachusetts will continue after a judge ruled that state authorities could add allegations against the company over sports betting.In a Tuesday filing in Suffolk County Superior Court, associate justice Peter Krupp allowed state authorities to file a 71-page amended complaint, building on a filing alleging that Kalshi engaged in sports wagering in violation of state laws. The amended complaint included allegations that Kalshi “targets those under 21 years of age and does little to stop them from using its platform,” citing the company’s marketing to university campuses and presenting images in ads of people…

Still, he argued that the Circle’s 16% selloff on Tuesday went too far.”I think it is an overreaction,” he told CoinDesk.Circle selloff (TradingView)He pointed to Paxos’ Global Dollar Network (USDG), another consortium-backed stablecoin that shares reserve income with partners but has yet to gain significant market share. It has grown to a $3 billion supply since its launch in late 2024, lagging far behind USDC’s $73 billion and USDT’s $145 billion, according to CoinDesk data.”The bigger question is how OUSD can convince consumers and end users to adopt them,” Lau said. “We don’t really know the answer until it is…

AI & Crypto

Read More

Politics

Don't Miss!