New York has filed essentially the most financially aggressive state enforcement motion but in opposition to Kalshi, asking a courtroom to cease the prediction-market change from working an alleged unlicensed playing enterprise and itemizing its claimed damages at at least $36 billion. Attorney General Letitia James filed a verified petition in New York County Supreme…
Kansas is generally a background state in the 2026 midterm election cycle, and prediction markets are basically saying as a lot heading into Tuesday’s main. Republican Sen. Roger Marshall’s reelection seems nicely protected, and whereas Democratic challenger Rev. Adam Hamilton is perhaps getting some media consideration, prediction markets are usually not treating that race as…
This week on Gate, three developments stand out for his or her market significance. The semiconductor rally discovered a dramatic expression within the platform’s gStocks part, the place the 2X Long SNDK Daily ETF token (SNXXG) surged over 63% in a single 24-hour interval, reflecting sturdy momentum throughout reminiscence chip shares on the again of…
Fundstrat’s Tom Lee says the synthetic intelligence (AI) commerce isn’t completed. He argues the subsequent leg runs by means of crypto fee rails constructed for software program brokers slightly than individuals. Veteran macro investor Jordi Visser argued the reverse this week. Lee additionally chairs the largest company holder of ether, which provides his model of…
Robinhood’s crypto-related transaction revenue in the fourth quarter of 2024 generated $358 million of the corporate’s $672 million in transaction-based revenue, about 53% of the whole. That focus had flipped by the second quarter of 2026, when crypto revenue fell 38% 12 months over 12 months to $100 million and accounted for simply 12.9% of…
Rep. Josh Gottheimer (Democrat, New Jersey-5) and different members of the United States House of Representatives have filed a invoice that will require prediction markets to use scans of app and web site customers’ faces to be sure that they meet the platforms’ age minimums. The “Facial Recognition to Protect Children Act” completely matches the…
Global digital asset buying and selling platform Gate has upgraded its fairness buying and selling providers, introducing a zero-fee construction for eligible United States shares and exchange-traded funds. The firm states that it’s the first platform within the digital asset trade to get rid of its personal buying and selling charges on qualifying purchase and…
The staff behind Pi Network set a deadline for its subsequent massive improve, whereas Solana’s native token dangers plunging to as little as $50. Bitcoin (BTC) may head south, however apparently, some analysts consider such a transfer might really profit the bulls. Pi Network’s Announcement The Core Team has been on a tear because the…
Quantum Solutions greater than doubled its approved Ethereum (ETH) sale cap to 4,375 ETH on July 30, as subsidiary GPT Pals Studio bought one other 1,000 ETH at $1,903 per token. The sale generated $1.9 million in proceeds and is predicted to lead to an accounting loss of roughly JPY 17 million ($100,970). The proceeds…
XRP (XRP) gained over 3.8% in July, snapping a two-month shedding streak. The token nonetheless trailed different giant caps, with Bitcoin (BTC) including about 9% and Ethereum (ETH) round 20%. As August begins, two on-chain alerts level to fading promote strain. However, the month has traditionally provided XRP little assist, and institutional demand by ETFs…