A federal judge in Wisconsin has found that the Ho-Chunk Nation is likely to succeed in blocking Kalshi from offering sports event contracts on tribal land under the Indian Gaming Regulatory Act (IGRA), in what appears to be the first ruling of its kind against the prediction-market operator. First Federal Court Sides With Tribes in […]
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 Paradigm Raises $1.2 Billion Fund as Crypto VC Pushes Further Into AI appeared on BitcoinEthereumNews.com.
In brief Paradigm announced a $1.2 billion fourth fund targeting crypto, AI, robotics, and other technology startups. The crypto VC firm has backed companies including Nous Research, Zipline, True Anomaly, Hyperliquid, and Kalshi. Paradigm said it remains committed to crypto as it explores areas where AI and blockchain overlap. Crypto venture firm Paradigm has raised a $1.2 billion fund to invest in AI, robotics, crypto, and other technologies, broadening its focus beyond digital assets. While crypto remains central to Paradigm’s business, the San Francisco-based firm said Wednesday its fourth fund will expand investments into AI, autonomous hardware, and other emerging technologies while continuing its research-driven approach. “$1.2B to invest in steep exponentials. 8 years ago we were backed by people who believed in the crypto frontier,” Paradigm managing partner Alan
Kalshi's legal setback in New York highlights the complex interplay between state and federal regulations, impacting prediction markets' operations.
The post Kalshi loses court bid to block New York’s gambling restrictions appeared first on Crypto Briefing.
The post Google Puts a New Prediction Markets Ban on Chrome appeared on BitcoinEthereumNews.com.
Google has banned prediction market extensions from the Chrome Web Store under updated Developer Program Policies. Extensions that facilitate or enable real-money trades on predictive outcomes face enforcement starting August 1, 2026. The change adds a new distribution chokepoint for Polymarket and Kalshi just as sector volumes hit records. Why Google is Blocking Prediction Market Extensions Google announced the changes on July 1 through the Chrome for Developers blog. The company expanded its Regulated Goods and Services policy to name predictive markets as prohibited products. Non-compliant extensions risk removal after the deadline. The update reaches beyond event trading. Extensions may now collect only data strictly necessary to a disclosed single purpose. Developers must also prominently disclose every data practice and flag later changes. A separate rule bans tools built to circumven
The post The Hottest Prediction Market in Crypto Just Left Solana, But Why? appeared on BitcoinEthereumNews.com.
The World prediction market, which launched on Solana (SOL) barely a week ago, said it will move to Robinhood Chain. The team offered no clear reason for leaving so soon after its debut. The switch reverses a story from days earlier, when World was Solana’s homegrown answer to Polymarket and Kalshi. Now it is tying its future to a mainstream broker’s network. A Fast Rise for the World Prediction Market Prediction markets let people bet real money on the outcome of real events, from elections to football matches. World arrived in that fast-growing space with real hype. The project built attention with a stealth campaign, teasing a glowing globe and the line “Trade Everything” before any product. It then went live inside Phantom on July 1, a wallet with more than 15 million monthly users. World never holds user money. It settles bets automatically using Chainlink data and pays
The post Google to Ban Prediction Market Extensions Amid Increased Scrutiny of Polymarket, Kalshi appeared on BitcoinEthereumNews.com.
Tech giant Google has revealed its updated policy for the Chrome Store, which includes a prohibition of prediction market extensions. This comes as platforms such as Polymarket and Kalshi face increased crackdowns by state regulators over claims that they are operating as illegal sports betting platforms. Google To Prohibit Prediction Market Extensions In the latest update to its Developer Program policies, Google announced that it is expanding its language to explicitly include predictive markets as prohibited products. “Extensions that facilitate or enable real money transactions on predictive outcomes are not allowed,” the blog post read. The tech giant further stated that enforcement for these updated policies, which include the ban on prediction markets, will begin on August 1, 2026. “Extensions found out of compliance after this date may face enfo
The post Google bans Chrome prediction market extensions amid Kalshi battle appeared on BitcoinEthereumNews.com.
Google has updated its Chrome Web Store rules to prohibit prediction market extensions that facilitate real-money transactions, with enforcement set to begin on Aug. 1, 2026. Summary Google will ban Chrome extensions that enable real-money prediction market transactions from Aug. 1, 2026. The policy update comes as Kalshi and other prediction market platforms face growing legal scrutiny in the U.S. A New York court allowed the state’s lawsuit against Kalshi to proceed over sports-related event contracts. According to Google’s latest update to its Developer Program policies, browser extensions that “facilitate or enable real money transactions on predictive outcomes” will no longer be permitted on the Chrome Web Store. The company said developers have until Aug. 1, 2026, to comply, after which non-compliant extensions could face enforcement action, including removal from the
