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Kalshi sues Nevada and New Jersey gaming regulators


Prediction market Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after both state regulators sent cease and desist orders for the firm to pause all sports-related contracts in the states.Kalshi's legal team argued that the contracts...

Kalshi sues Nevada and New Jersey gaming regulators


Prediction market Kalshi filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after both state regulators sent cease and desist orders for the firm to pause all sports-related contracts in the states.Kalshi’s legal team argued that...

Kalshi sues Nevada and New Jersey gaming regulators


Prediction market platform Kalshi has filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement, following cease and desist orders from both regulators directing the company to halt all sports-related contracts within their states.Kalshi’s legal...

New Jersey Regulators Urge Crypto Investors to Withdraw Funds From Abra


New Jersey’s Attorney General, the Division of Consumer Affairs, and the Bureau of Securities have urged investors to immediately withdraw funds from crypto platform Abra. This follows a multi-state investigation into the platform’s alleged violations of state securities laws. Affected...

New Jersey Mayor: City Pension Fund to Invest in Bitcoin ETF


In an unexpected but notable announcement, Steven Fulop, the Mayor of New Jersey, has declared a significant shift in the financial strategy of the Jersey City pension fund. In a recent Twitter post, Fulop shared that the pension fund is updating its paperwork with the SEC to allocate a percentage...

Toys 'R' Us Spits On Its Own Grave With AI-Generated Trash


Private equity vultures made Toys ‘R’ Us go bankrupt in 2017. All its U.S. stores closed in 2021. But the zombie brand is still around thanks to a licensing deal with Macy’s. Now it’s using generative AI to reanimate its corpse with an origin story ad that puts its 70-year history in a machine...

Voyager Investors Sue the NBA and New Jersey’s Oldest Law Firm


Investors in the bankrupt cryptocurrency exchange Voyager Digital are suing the National Basketball Association (NBA), and New Jersey’s oldest law firm, McCarter & English. This emerging legal battle illustrates how even some of the largest and most reputable brands and companies can quickly...

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