New York Sues Prediction Market Kalshi, Alleging It Operates as an Unlicensed Gambling Platform

USDT and USDC are emerging as popular deposit and withdrawal options at crypto sportsbooks, as bettors look to sidestep the balance swings that come with volatile assets like Bitcoin and Ethereum. Unlike Bitcoin or Ethereum, stablecoins are pegged to the U.S. dollar. A bettor’s balance maintains its fiat value between deposits and withdrawals, removing one […]

The UK Gambling Commission has implemented new financial risk checks requiring licensed operators to conduct affordability assessments when a customer’s net losses reach £1,000 or more. The measures apply regardless of payment method, including cryptocurrency, though enforcement gaps remain for unlicensed offshore platforms. The UK Gambling Commission has moved forward with financial risk checks that […]

Federal Judge Analisa Torres has denied prediction market platform Kalshi’s request for an injunction in a legal dispute over whether its event contracts constitute gambling under New York state law. The ruling marks a setback for the CFTC-regulated exchange as it tries to separate its products from traditional gambling amid rising tension between federal and […]