Judge Torres Deals Major Blow to Kalshi as New York Sports Contracts Face Scrutiny

The post North Carolina Budget Puts Prediction Markets to the Test appeared on BitcoinEthereumNews.com. North Carolina just turned the prediction market debate from internet chatter into line items. The new state budget package would authorize prediction markets and tax operators at 6% of net trading-fee revenue, with revenue kicking in Jan. 1 if the bill becomes law. That is a real policy lever, not a think piece. For Kalshi, a federally regulated event-contract exchange, this is a state-level legitimacy test. Can a budget that recognizes and taxes the business finally give onshore prediction markets a clean foothold in a Southern state? Or do unresolved questions around election markets and product scope keep the brakes on? If you are a trader, founder, or compliance lead trying to map next steps, here is the practical read on what this budget likely means, where the risk lines still sit, and how to prepare without stepping on rakes. Aspect What to Know Status Budget se

Binance is exploring new licensing paths into Europe while continuing to expand its regulatory footprint in Asia, says co-CEO Richard Teng.

North Carolina budget would authorize prediction markets and tax operators’ net fees at 6% from Jan. 1 if signed, setting a state-level test for Kalshi.

The post Block (XYZ) Shares Dip Following $45M Cash App Fraud Settlement with States appeared on BitcoinEthereumNews.com. TLDR Block reached a $45 million agreement with 46 state regulators to resolve allegations of inadequate fraud protection State authorities claim Cash App deceived consumers by advertising bank-level security features it didn’t provide Investigators found Block prioritized marketing expansion over security improvements as fraud incidents increased The settlement requires Block to implement round-the-clock customer service with live representatives accessible for a minimum of 13.5 hours each day Block’s stock price dropped approximately 1.5% following the announcement; the company maintains its innocence Block Inc. has reached a $45 million agreement with 46 state regulators to resolve accusations that its Cash App platform failed to adequately safeguard customers from fraudulent activity. Shares of Block (XYZ) declined approximately 1.5% following the announcement.

The post A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Pump.fun posted a New York legal role paying $1 million to $5 million a year. Solana memecoin volume tops $300 million daily as bitcoin sits 50% below October. Pump.fun faces a 2025 New York class action as the Clarity Act points to tighter rules. Pump.fun is shopping for a top lawyer in New York, and it is dangling a payday that would make most Big Tech compensation packages look modest: $1 million to $5 million a year. The timing is awkward for anyone pitching crypto stability, with Bitcoin down about 50% since 10/01 and regulators tightening screws from Europe’s MiCA to Washington’s evolving Clarity Act. Pump.fun’s meteoric growth on Solana has brought big volume and even bigger scrutiny, including a New York class action that accuses the platform of operating a Ponzi scheme. For a company trying to become a global brand, the

A fast-growing Solana-based crypto platform is advertising a New York director of legal affairs role paying $1 million to $5 million a year, even as the market remains weak and Bitcoin is down about 50% since October. The company launched in 2024, says it processes more than $300 million in daily transactions, and is facing […]

The post Kalshi loses New York court battle as Google bans prediction market extensions appeared on BitcoinEthereumNews.com. Kalshi has lost another round in court. A federal judge has turned down the company’s request to stop New York from applying its gambling laws to the prediction markets platform. U.S. District Judge Analisa Torres in Manhattan issued the ruling on Tuesday. She said Kalshi was not entitled to a preliminary injunction. She reasoned that the federal Commodity Exchange Act does not override New York’s gambling laws when it comes to Kalshi’s sports-event contracts. Torres said New York has strong reasons for its position. She pointed to the state’s goals of stopping gambling addiction, protecting the integrity of sports, and keeping unregulated contracts from spreading. Those interests, she wrote, “heavily” outweigh Kalshi’s arguments about federal law taking priority, and about customers running into what the company called “intractable” tech problems. “Kalshi has no

The post Brittany Allen Submitted Herself For An Emmy After HBO Didn’t. It Worked appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – DECEMBER 11: Brittany Allen attends Showtime’s “Dexter: Original Sin” New York Premiere at SVA Theater on December 11, 2024 in New York City. (Photo by Dia Dipasupil/WireImage) WireImage Before Brittany Allen was an Emmy nominee, she was almost a Supporting Actress. (Spoilers) Allen plays Roxie Hamler in The Pitt‘s second season, a young mother with terminal cancer who is admitted to the ER contemplating ending it all. Roxie’s arc started as a six-episode role, grew to eight scripted episodes, and then lost its final one — the death scene never made air. Emmy rules split guest and supporting categories by episode count, and losing that scene held Allen under the line: seven aired episodes instead of eight, keeping her in guest actress rather than bumping her to supporting. “When I saw that they just had her pass away off camera, first of all, I tho