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Tag: legal
Kalshi CEO Tarek Mansour Expresses Optimism Amid High-Stakes Legal Battle Over Prediction Market Regulation
ARLINGTON, Va. — The high-stakes legal battle defining the future of event-contracts and prediction markets in the United States has reached a critical juncture, with industry leaders warning that the ultimate outcome will determine whether these innovative financial instruments thrive under federal oversight or vanish from the domestic landscape entirely. Speaking at the DC Fintech…
Celsius’ Alex Mashinsky hit with $35M penalty and permanent ban in NY legal settlement
The agreement comes several years after Attorney General James first initiated legal action against Mashinsky in 2023. According to the press release issued by the attorney general’s office, the original lawsuit accused the former tech executive of systematically misleading hundreds of thousands of retail investors—including more than 26,000 residents of New York State—regarding the fundamental…
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