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Washington Attorney General Nick Brown filed a civil lawsuit against prediction market platform KalshiEx LLC this week, alleging the company runs an illegal online gambling operation in violation of state law. Is Kalshi Legal in Washington State? AG Says No, Files Suit The complaint, filed in King County Superior Court, targets Kalshi‘s binary event contracts, … Read more
This past week, a federal judge in San Francisco blocked the Pentagon and the Trump administration from enforcing a national security designation against Anthropic, the artificial intelligence (AI) company that refused to remove safety restrictions from its Claude models. Court Halts Trump Administration’s Ban on Anthropic’s Claude AI for Federal Agencies U.S. District Judge Rita … Read more
A federal judge in California granted class certification on March 25 in a long-running securities fraud lawsuit accusing Nvidia of hiding more than $1 billion in cryptocurrency-driven GPU revenue from investors. Judge Rules Nvidia Investor Fraud Lawsuit Can Proceed as Class Action U.S. District Judge Haywood S. Gilliam Jr. of the Northern District of California … Read more
Mounting investor losses are drawing scrutiny to Gemini as class action lawsuits allege the crypto exchange misled markets about its growth strategy and financial outlook, fueling a sharp post-IPO decline and eroding confidence. Class Action Lawsuits Filed Against Gemini as Exchange Expansion Story Unravels Into Credibility Crisis A securities dispute highlights investor losses as multiple … Read more
Two crypto courtroom sagas out of Manhattan delivered a pair of sharply different plot twists this week — one defendant walked away from the SEC’s fraud case for good, while another scheme’s legal fallout hit a wall when a federal judge tossed key racketeering claims tied to a church-linked investment disaster. SEC Dismisses Civil Fraud … Read more
Two U.S. federal courts have thrown out terrorism-related lawsuits targeting Binance, dismissing claims brought under the Anti-Terrorism Act against the cryptocurrency exchange. US Courts Deliver Double Blow to Terror Claims Against Binance — Crypto Legal War Takes New Turn The latest ruling came from a U.S. federal court in Alabama, which dismissed all claims filed … Read more
U.S. prosecutors are urging a federal judge to reject Sam Bankman-Fried’s attempt to secure a new trial, arguing his latest claims recycle arguments already rejected by a jury that convicted him of orchestrating a multi-billion-dollar cryptocurrency fraud. Prosecutors Reject SBF Claim FTX Was Solvent as Retrial Battle Begins Federal prosecutors in the Southern District of … Read more
Binance unleashes a legal battle against The Wall Street Journal over disputed reporting while the newspaper releases a new report on a U.S. investigation tied to the crypto exchange. Binance Sues WSJ as US Reportedly Probes Iran-Linked Crypto Activity A legal dispute between Binance and The Wall Street Journal intensified on March 11 after the … Read more
A federal judge dismissed claims tying Binance and its founder Changpeng Zhao (CZ) to terrorist attacks, delivering a significant legal victory for the crypto exchange while leaving the door open for plaintiffs to refile with revised allegations. Federal Judge Tosses Claims Linking Binance to Terror Financing Legal disputes over cryptocurrency platforms continue to test the … Read more
Traders are suing prediction market Kalshi after a controversial contract tied to Iran’s supreme leader sparked a payout dispute, igniting legal questions about how geopolitical event markets resolve outcomes and interpret rules. Traders Sue Kalshi, Claim Prediction Market Platform Uses ‘Death Carveout’ to Escape Massive Payouts Traders are challenging a prediction market platform after alleging … Read more