Tag: Illegal

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New York sues Polymarket over alleged illegal gambling business

The action filed by state lawmakers followed a similar lawsuit against prediction markets company Kalshi in July that alleged the platform was running an...

CFTC, US soldier accused of illegal Polymarket bet spar over interpretation of prediction markets

A judge stayed the CFTC’s civil case against a soldier who allegedly used nonpublic information for a Polymarket bet, but the regulator is trying...

New York Sues Kalshi Over Alleged Illegal Gambling Operation

New York has sued prediction market platform Kalshi, alleging it operates an illegal, unlicensed gambling business by offering event contracts on sports, elections and...

South Korean Authorities Launch First Reported Illegal Gambling Probe Into Polymarket Users

South Korean police have reportedly launched the country’s first illegal gambling probe into local Polymarket users, widening regulatory scrutiny of the decentralized prediction market.The...

UK FCA raids eight illegal peer-to-peer trading hubs

The U.K.’s Financial Conduct Authority (FCA) has carried out its first coordinated crackdown on illegal peer-to-peer crypto trading, targeting eight locations across London in...

UK FCA Targets Illegal Crypto P2P Trading in Nationwide Raids

The United Kingdom’s Financial Conduct Authority (FCA) has raided multiple sites suspected of running illegal peer-to-peer (P2P) crypto trading operations.The financial services and markets...

New York Sues Coinbase And Gemini Over Alleged Illegal Prediction Market Gambling Operations

New York Attorney General Letitia James has filed lawsuits against Coinbase Financial Markets and Gemini Titan, alleging that both companies operate illegal...

Arizona AG Files Charges against Kalshi over ‘Illegal Gambling‘

Arizona Attorney General Kris Mayes announced that her office filed gambling and related criminal charges against the companies behind prediction markets platform Kalshi.In a...

Arizona Files Charges Against Kalshi, Calling Prediction Market an ‘Illegal Gambling Operation’

In brief Arizona Attorney General Kris Mayes filed criminal charges against Kalshi, alleging the platform is an "illegal gambling operation." The 20 criminal counts include...

Netherlands Bans Polymarket Over ‘Illegal Gambling Services’

In brief The Netherlands Gambling Authority has ordered Polymarket to cease operations in the country, on penalty of fines of €420,000 ($462,000) per week. The regulator...

BTC gains, but quickly retreats as Trump tariffs ruled illegal by Supreme Court

The U.S. Supreme Court on Friday struck down President Trump's tariff regime in a 6-3 decision."No President has invoked the statute to impose any...