SBF publishes a lengthy article denying multiple allegations against himself and FTX one by one

Nevada judge extends ban on Kalshi, rejects event contract defense

A Nevada judge has reportedly extended a ban preventing Kalshi from offering event-based contracts in the state, ruling that the products constitute unlicensed gambling under state law. Judge Jason Woodbury said at a hearing in Carson City on Friday that he will grant a preliminary injunction

ZachXBT: Circle’s compliance enforcement has been inadequate; multiple security incidents involve amounts exceeding $420 million

On-chain investigator ZachXBT published a report stating that since 2022, Circle has repeatedly failed to properly carry out compliance in multiple incidents involving illegal funds, with amounts totaling more than $420 million. The report notes that in several security incidents, Circle did not freeze suspicious accounts in a timely manner, leading to severe losses. Despite having relevant mechanisms, Circle responded slowly when facing attacks and investigations into money laundering, which affected industry security.

Polymarket takes down market on missing US pilot after backlash

Polymarket removed a market tied to the fate of a missing US service member after mounting backlash, saying the listing violated its “integrity standards.” The controversy erupted after a prediction market appeared asking whether US authorities would confirm the rescue of a pilot reportedly shot

Gansu Tianshui Court Tries a Cryptocurrency Money-Laundering Case: Defendant “Picked Up Cash as a Runner” Sentenced to Two Years and Four Months for 390k Yuan

A court in Qinchou District, Tianshui, Gansu, tried a case of virtual currency money laundering. The defendant withdrew more than 390k yuan using a “high-paying errand runner” method, converted the funds into virtual currency, and earned profits of 21.5k yuan. The court sentenced him to two years and four months in prison and fined him 10k yuan. The judge reminded the public to stay alert against participating in cash withdrawals and transfers, so as not to become an accomplice to crime.

Nevada court extends ban on Kalshi sports prediction market, ruling it has no substantive difference from gambling

A Nevada judge ruled that Kalshi’s sports prediction market products have no substantive difference from gambling, extended the injunction prohibiting it from offering related services locally until the case is further considered. Regulators believe it should be subject to the state’s gambling regulations.

Judge continues Nevada ban on Kalshi sports markets

A Nevada judge extended a ban on Kalshi's sports-related prediction markets, agreeing with regulators that they resemble illegal gambling. Kalshi argues they are federally regulated, prompting a broader legal conflict as state actions against prediction markets increase nationwide.