New York Sues Kalshi, Seeks $36B Over Illegal Gambling Claims
The lawsuit targets event-contract trading as unlicensed gambling. Kalshi's CFTC-regulated status is the legal fulcrum the case will turn on, and rivals like Polymarket are watching.
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The lawsuit targets event-contract trading as unlicensed gambling. Kalshi's CFTC-regulated status is the legal fulcrum the case will turn on, and rivals like Polymarket are watching.
James argues the federal bill, as drafted, would preempt New York's BitLicense regime and hand oversight to the SEC and CFTC, leaving consumers with weaker guardrails than current state law provides.
The order pauses incomplete applications for projects drawing 50 MW or more while regulators study grid, water and community impacts.
TeraWulf says its running sites and pipeline are unaffected, but the moratorium widens the regulatory tail risk investors are now pricing into US Bitcoin miners that sit near grid capacity.
The moratorium lands as AI infrastructure demand has pushed grid operators and legislators to question whether hyperscale buildouts still deserve unconditional permitting.
New York's financial regulator has proposed new stablecoin rules designed to align state-level oversight with the…
A New York Supreme Court judge has stayed a lawsuit seeking ownership of nearly 40,000 dormant Bitcoin wallets…