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View More NewsIn brief Kentucky sued Kalshi and Polymarket, alleging they operate illegal sports betting platforms. The platforms argue their contracts fall under CFTC oversight, a position backed by the Trump administration. The growing state-federal legal fight is expected to ultimately be decided by the U.S. Supreme Court. Kentucky became the latest state to sue prediction market platforms this week, accusing industry leaders Kalshi and Polymarket of operating illegal sports betting platforms.“Kalshi and Polymarket are operating illegal sportsbooks in Kentucky and breaking our laws,” the state’s attorney general, Russell Coleman, said in a statement. “These multi-billion dollar corporations and their legal fictions…
from the whoops-we-killed-grandma dept For a long time organizations like the Southern Environmental Law Center (SELC) have noted how Elon Musk’s xAI data center in Memphis disproportionately pollutes the air in minority neighborhoods. A joint lawsuit by SELC, Earthjustice, and the NAACP filed last April argued that Musk and friends didn’t even bother to get the necessary permits to run the turbines at its xAI’s Colossus 2 data center. The lawsuit also notes how these 27 turbines (which has ballooned to 57 turbines since the lawsuit was filed) belch all manner of contaminants, including formaldehyde, into minority neighborhoods already seeing some…
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Today the Supreme Court decided T.M. v. University of Maryland Medical System Corp., a case concerning the application of the Rooker-Feldman doctrine, under which federal district court review of state court decisions is generally barred. The justices split 5-4 on the…
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Last Wednesday, 3 June, was surely one of the most shameful days in the Knesset’s 77-year history. Michael Rabello, the personal attorney of Israeli prime minister Benjamin Netanyahu, was elected the country’s next state comptroller—the official who inspects, reviews, and audits government policy and conduct, and whose broad powers of inspection include the use of hundreds of lawyers, accountants, and other professionals under his authority.Israeli law stipulates that the Knesset vote for this position must be carried out in secret, with MKs casting ballots alone behind a screen. Rabello’s rival for the post, former Supreme Court justice Yosef Elron, won…
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Jack Dorsey’s financial services firm Block rolled out a new suite of AI-native tools on Wednesday, which it says can execute around 15% of…
The move marks a notable reversal from the start of the year, when the curve was steepening, a sign markets were pricing in rate…
A 56-year-old Florida resident has pleaded guilty in federal court to conspiracy to operate an unlicensed money-transmitting business in connection with a $1.8 billion…
US spot bitcoin and ether ETFs both turned to outflows on Wednesday in a sign the recovery rally has lost its institutional bid. Bitcoin…
A bipartisan group of US senators led by Republican Senator Cynthia Lummis has urged the Treasury to ensure that state authorities are given the…
From Judge April Perry (N.D. Ill.) today in Doe v. Thomas. Some context: Plaintiff’s motion for a protective order [51] is denied, as Plaintiff…
When the game ended 0-0, both paid out. The wallet redeemed about $4.7 million on the Spain market and $8.5 million on the spread,…
How Bitcoin perps are entering regulated US marketsFor years, Bitcoin perpetual futures have ranked among the most important products in crypto trading. They account…
In brief South Korean police referred 23 suspects and detained two key figures over laundering crypto proceeds from a Cambodia-based phishing group. The crew…
An excellent resource from Prof. Ed Lee (Santa Clara). The focus is on tort lawsuits brought against AI companies or otherwise based on defendants’…
Locus Founder settles payments in USDC, a dollar-pegged stablecoin, directly into a non-custodial wallet controlled by the agent, without a bank account or days…
Since June 3, more than 720 million XRP (XRP) tokens have left crypto exchanges, and Upbit’s share of XRP wallet flows has climbed to…
