The Wisconsin Department of Justice has initiated legal action against five prominent financial and cryptocurrency platforms, alleging that their offerings of sports event contracts constitute a violation of the state’s commercial gambling prohibition. The companies named in the lawsuits are…
Senior Republican figures reportedly contacted U.S. Commerce Secretary Howard Lutnick following a federal filing by a crypto-focused super Political Action Committee (PAC). The PAC, which received initial funding from Lutnick’s former firm, Cantor Fitzgerald, had indicated an intent to spend…
US Soldier Faces Charges for Alleged Insider Trading on Prediction Market A U.S. Army soldier has been arrested and charged by the Department of Justice for allegedly leveraging classified information to place bets on the prediction market platform Polymarket. The…
Jane Street has formally requested the dismissal of a lawsuit filed against it by Terraform Labs. The algorithmic trading firm is responding to accusations that its actions precipitated the collapse of the UST/LUNA algorithmic stablecoin. Terraform Labs had alleged that…
We’ve been writing trading guides for years now. Some are for beginners. Others go deeper for experienced traders. One thing stays the same though. You are never done learning. That mindset is what separates average traders from successful ones. Today…
The United States Treasury’s Office of Foreign Assets Control (OFAC) has imposed sanctions on Cambodian Senator Kok An, who is alleged to be a central figure in operating fraudulent investment schemes, often referred to as “scam compounds,” that have targeted…
A significant coalition of cryptocurrency industry stakeholders, including trade groups, venture capital firms, and prominent digital asset companies, has formally requested that the U.S. Senate Banking Committee expedite the markup process for digital asset market structure legislation. The industry argues…
Benjamin Pasternak, the founder of the SocialFi and token launchpad application Believe, has been arrested on charges including strangulation in the second degree and assault. Public records from the New York Criminal Court confirm the arrest, which is reportedly linked…
Sam Bankman-Fried, the former CEO of FTX, has temporarily withdrawn his motion seeking a new trial. In a letter addressed to Judge Lewis Kaplan of the U.S. District Court for the Southern District of New York, Bankman-Fried expressed his belief…
State Officials Move to Regulate Prediction Markets Amid Insider Trading Concerns New York Governor Kathy Hochul has signed an executive order prohibiting state employees from leveraging nonpublic information obtained through their official duties to profit from or avoid losses in…