CFTC Urged to Ban Kalshi Polymarket Contracts
Sen. Jeff Merkley and Democrats urge the CFTC to ban event contracts, including sports, citing integrity concerns on platforms like @Kalshi and @Polymarket. #Breaking #Legal
Legal
Polymarket Bet: Maduro Raid $400K Gamble
Van Dyke pleads not guilty to federal charges in insider trading case; defense challenges indictment validity. CFTC invokes ‘Eddie Murphy Rule’ for first time. #Breaking #Legal @CFTC
Judge Denies Sam Bankman-Fried’s New Trial
Judge Lewis Kaplan denied Sam Bankman-Fried’s Rule 33 motion, calling new evidence claims “baseless,” closing the district court chapter. SBF’s Second Circuit appeal remains active. #Update #Legal
Malta Gaming Shield Faces EU Legal Blow
Malta’s Bill 55 deemed incompatible with EU Brussels I bis Regulation, challenging its iGaming sector’s legality within the EU. AG Emiliou’s opinion impacts Malta’s gaming license validity. #Breaking #Legal
DeFi Faces MiCA Compliance Challenge
MiCA Decoded series by LegalBison highlights that MiCAR’s “fully decentralized” exemption is rare, emphasizing the need for compliance in DeFi projects. #Update #Legal
DOJ Arrests Commando for Insider Trading
The DOJ arrested U.S. soldier Gannon Ken Van Dyke for insider trading on Polymarket, making $400K from bets before Maduro’s capture; faces up to 60 years in prison. #Breaking #Legal
iGaming Ads Ban Ontario Liberals Act
Ontario Bill 107 proposes banning online gambling ads, facing unlikely passage due to political dynamics. Fines up to C$1M; second offense revokes licenses. #Update #Legal
Bet365 Faces New Zealand Court Action
Three NZ High Court cases target @bet365, Super Group, and Skycity over offshore gambling. Bet365 challenges jurisdiction. Skycity faces class-action for player losses 2020-2026. #Breaking #Legal
Bitcoin Tied Fraud: Gotti Heir Sentenced
Carmine Agnello, John Gotti’s grandson, sentenced to 15 months for diverting $420K COVID funds into crypto; ordered to pay $1.27M restitution. #Breaking #Legal
SEC Sues Coinbase Gemini Over Gambling
New York AG Letitia James sues @Coinbase and @Gemini for operating unlicensed prediction markets, seeking triple fines and marketing bans. #Breaking #Legal
Bitcoin Faces New SEC Regulation Challenges
A U.S. federal judge blocked Arizona’s case against Kalshi, reinforcing federal preemption over state gambling laws. #Breaking #Legal @Kalshi
EU Court Approves Gambling Loss Reclaims
The CJEU ruled that EU states can ban online gambling, allowing German players to reclaim losses from Malta-licensed operators like Lottoland. Billions in restitution claims are pending. #Breaking #Legal
Crypto White Paper Rules Transform MiCA
MiCA mandates structured digital white papers for crypto-assets with specific identifiers, impacting compliance and liability across the EU. #Update #Regulation
Bitcoin: Virginia Enacts Crypto Transfer Law
Virginia Gov. Abigail Spanberger signed HB 798, requiring exchanges to transfer dormant crypto to the state in-kind after five years, effective July 1, 2026. #Update #Legal