Utah AG sues Kalshi, pursues profits from prediction market company

Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.

Derek Brown likened the prediction market company to a “public nuisance“ that was “causing a significant and substantial ongoing harm“ to state residents.

The firms are seeking clearer guidance on the classification of crypto assets and secondary-market trading as the SEC’s public comment period comes to a close.

Crypto projects are struggling to survive as falling revenues, depleted funding and security breaches force closures across DeFi, blockchain infrastructure and gaming.

The former medical device maker has liquidated its Solana treasury and is offering to repurchase shares and warrants using its $223.8 million cash holdings.

A Fairshake affiliate is supporting incumbent Aisha Wahab through ads in November, but the congresswoman already won a special election in the district.

Qubic says 87.1% of the stolen funds remain onchain and the rest were frozen at crypto exchange MEXC, as network validators prepare to vote on a recovery plan.

Strategy, Metaplanet and Upexi were previously identified for deletion under the methodology, with MSCI set to announce its final list on Nov. 11.

Australia is among 77 jurisdictions committed to adopting CARF, with its first international exchanges of crypto tax data expected in 2028.

The crypto exchange was reportedly looking to use the additional funding to regain market share following Binance’s 2023 settlement with US authorities.

VanEck initially filed an S-1 registration statement for the exchange-traded fund in October last year.