UK Revisits 2019 Prediction Markets Ban
The UK Financial Conduct Authority is considering easing its 2019 ban on retail prediction markets, following discussions with trading platforms. #Update #Legal FCA
Legal
CFTC Delays Kalshi’s SCOTUS Rule Rewrite
Kalshi’s opposition brief to New Jersey’s cert petition is due in 30 days, amid expected CFTC rule updates on Rule 40.11. #Update #Legal
Hungary Abolishes Casino Regulator Amid Controversy
Hungary plans to abolish SZTFH after extending Sopron casino concession to 2061 without a tender, citing political entanglement concerns. Justice Minister Márta Görög to report by Sept. 30. #Update #Legal
SEC Ruling Sparks Kalshi Supreme Court Showdown
New Jersey’s deadline to petition the Supreme Court in Flaherty v. KalshiEX is Sept. 3, following a Ninth Circuit ruling against Kalshi’s sports event contracts as swaps. #Update #Legal
Kalshi Bans Santos Sparks Legal Clash
Kalshi permanently banned George Santos, imposing a $71,356 penalty for rule violations. The CFTC acknowledged his cooperation in their investigation. #Breaking #Legal
Polymarket Faces $487K Dutch Penalty
@Polymarket’s operator fined €420,000 by KSA for halting Dutch service a day late. Polymarket contests the decision, highlighting EU-US regulatory differences on prediction markets. #Update #Legal
Kalshi Bypasses Nevada Ban $120K Daily
The Nevada Gaming Control Board seeks $120,000 daily fines against @Kalshi for violating a geofencing order, allowing Nevada users to buy banned contracts. #Breaking #Legal
Dutch Gambling Ban Risks 50% Market Loss
Dutch plans to ban online gambling ads, bonuses, and impose deposit limits with affordability checks as illegal operators overtake legal market; crypto cited in illegal-gambling case. #Update #Legal
CFTC Approves Most Sports Contracts
The CFTC proposed a rule defining sports event contracts as gaming, banning five categories but allowing most. Event listings grew from 220 in 2021 to over 8,000. Legal
Bitcoin Awakens as 2011 Coin Cashes Out
A 25 BTC Casascius coin from 2011 was redeemed after 14 years as Noah Doe-linked wallets moved again, with 3.8M BTC addresses under New York Supreme Court scrutiny. #Update #Legal $BTC
SEC Targets Binance in $5B Crackdown
France warns crypto firms of prosecution under MiCA; Coinbase and Kalshi introduce regulated perpetual futures in the U.S.; Japan pushes for yen stablecoins. #Update #Legal
Bitcoin Moves 1,878 BTC as Judgment Unravels
1,878 BTC moved from a wallet linked to Noah Doe’s claim, weakening his $293B lawsuit as reactivated wallets challenge abandonment theory. #Breaking #Legal
Bitcoin Wallets: NY Court Halts $39K Decision
A New York court paused a default judgment in a case involving 39,069 bitcoin wallets worth ~$293B after legal arguments challenged the claim of abandonment. #Breaking #Legal
Polymarket Accuses Kalshi of Espionage
Polymarket accuses rival Kalshi of corporate espionage, claiming product launch copying and potential office surveillance. Both companies deny allegations; no evidence surfaced. #Update #Legal