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Nevada Court Rules Kalshi Event Contracts Align With Gambling Laws
5.4.2026
A Nevada judge has extended a ban on Kalshi, ruling its event contracts are indistinguishable from illegal gambling. Key Takeaways Judge Jason Woodbury issued a preliminary injunction against Kalshi in Carson City on April 3, 2026. The Nevada Gaming Control Board successfully argued that event...
Kalshi Ordered to Temporarily Stop Operations in Nevada
20.3.2026
A State Judge signed a restraining order barring the company from offering some kinds of prediction market contracts in the state, as the battle between state and federal regulators accelerates. Kalshi also faces similar allegations in other states, like Arizona. Kalshi Faces Restraining Order...
Coinbase vs. Nevada: Who Regulates Prediction Market Event Contracts?
12.2.2026
A legal clash between Coinbase and Nevada regulators is testing whether states can treat federally regulated prediction markets as gambling, setting up a high-stakes fight over who controls crypto derivatives in the United States. Federal Preemption or State Gambling Law? Coinbase Fight Heads...
Report: Nevada Regulators Freeze Crypto Custodian’s Activities After Discovering $11M Shortfall
30.10.2025
Nevada’s Financial Institutions Division dropped the hammer on Fortress Trust, the crypto custodian based in the Silver State, after discovering an $11 million hole in client funds, according to a regulatory enforcement filing unearthed by DL News. Fortress Trust Meltdown: Regulators Step In...
Evernorth to Go Public as First $1 Billion ‘Active’ XRP‑Linked Investment Vehicle
21.10.2025
Evernorth, a Nevada‑based company, announced it will go public in Q1 2026 with an “active” XRP‑linked investment initiative. The company, which will launch with $1 billion, will focus on acquiring XRP and growing its treasury by leveraging diverse activities and opportunities. Evernorth to Pioneer...
Kalshi Will Win Battle with Nevada: Crypto Attorney
9.4.2025
Kalshi's fight with Nevada is a question of federalism, and the language of the Commodities Exchange Act (CEA) is clearly in its favor says crypto attorney Aaron Brogan
Crypto Podcaster Busted in Vegas After $2M Scam—A Fugitive’s Last Gamble
16.3.2025
A podcaster turned crypto conman swindled investors out of $2 million, using fake businesses and pop culture references before vanishing—until a Vegas arrest sealed his fate. From Podcast Fame to Prison: How Investors Were Fooled for Years The U.S. Department of Justice (DOJ) announced on March...
Crypto Wealth Bolsters Real Estate Markets and Consumer Spending, Study Finds
6.5.2024
As cryptocurrency becomes a significant part of American investment portfolios, its influence extends beyond digital transactions into tangible impacts on real estate markets and household spending, a recent study finds. Report Shows Cryptocurrency Wealth Adds ‘Meaningful Implications for the Real...
US voters across 4 swing states oppose anti-crypto pres candidates: Coinbase
20.9.2023
A poll of voters in New Hampshire, Nevada, Ohio and Pennsylvania found 55% would be less likely to vote for anti-web3 presidential candidate, said Coinbase
Ripple Acquires Crypto Financial Services Company Fortress Trust
8.9.2023
Ripple, a leading blockchain and cryptocurrency company, has acquired Fortress Trust, a Nevada-licensed financial services provider for the crypto industry. The purchase expands Ripple’s regulatory licenses and infrastructure to bolster its position in enterprise blockchain solutions. Ripple...
Ripple Acquires Crypto-Focused Chartered Trust Company Fortress Trust
8.9.2023
A person with knowledge of the matter said the figure was less than the $250 million price tag for custody firm Metaco, which Ripple acquired in May
Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery
25.8.2023
After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors. From Cold Storage to Cold Reality: The Dramatic Decline...
Prime Trust Crypto Custodian Enters Chapter 11 Bankruptcy Amid Prolonged Crypto Winter
16.8.2023
On Monday, Las Vegas cryptocurrency custodian Prime Trust filed for Chapter 11 bankruptcy protection, marking another setback for the troubled fintech company.
In the August 15th filing, the company stated that it has 25,000 to 50,000 creditors and expects liabilities of $100 million to $500...
From Crypto Custodian to Court: Prime Trust Files for Bankruptcy Protection
15.8.2023
In the wake of financial upheavals and regulatory hurdles, Prime Trust, a digital currency custodian, has formally sought Chapter 11 bankruptcy protection. This move closely follows the appointment of John Guedry as the company’s overseer, bolstered by a designated committee to steer...
Nevada Woman Sentenced to 5 Years for Trying to Hire Hitman with Bitcoin
24.7.2023
A Nevada woman has been sentenced to five years in prison for attempting to hire a hitman using Bitcoin (BTC) to kill her ex-husband.
Kristy Lynn Felkins, the 38-year-old resident of Fallon, Nevada, pleaded guilty in March to a murder-for-hire charge as part of a deal with federal prosecutors...
Nevada court approves regulator’s petition to place Prime Trust into receivership, pending hearing
18.7.2023
Prime Trust will have the opportunity to show why a petition from the Nevada Financial Institutions Division should not be permanently granted in an Aug. 22 hearing
Marathon shareholders file lawsuit against company's top management
18.7.2023
The CEO and other top executives are being accused of a breach of fiduciary duties, unjust enrichment and waste of corporate assets
The Vegas Orb Looks Like A Sidequest Location
11.7.2023
The $2 billion The Sphere Las Vegas is an immersive performance venue with 17,385-seats, 168,000 speakers, and U2 tour tickets currently on sale. The 160,000 square foot LED screen that makes up its domed exoskeleton is capable of projecting eyeballs, Earth, and portals to nowhere, so it also looks...
Bitcoin Firm Coinbits Suspends Operations Amidst Custodian Prime Trust’s Financial Woes
29.6.2023
The cryptocurrency firm and bitcoin investment app, Coinbits, has announced the suspension of its services due to complications involving the Nevada-based custodian, Prime Trust. Following accusations of insolvency and breaches of fiduciary responsibilities, Nevada’s financial regulators...
Apparently It's Very Difficult to Custody Crypto
29.6.2023