A Massachusetts decide granted a preliminary injunction towards Kalshi, requiring a sports activities wagering license to supply occasion contracts within the state. The court docket dominated that federal CFTC oversight doesn’t preempt state playing legal guidelines, permitting state-level regulation of sports-related derivatives. The injunction particularly targets new contracts, that meansContinue Reading
In finance, ‘primitives’ function the essential constructing blocks for constructing decentralized functions (dApps). As an example, a USDC stablecoin primitive would possibly mix with a lending protocol Aave to function an anchored collateral. This stablecoin can’t be decomposed into additional monetary constructs. Fairly, it’s used as a constructing element, makingContinue Reading
Australia’s media watchdog, the Australian Communications and Media Authority (ACMA), has asked internet service providers to block access to blockchain-based prediction market, Polymarket. The request comes after an ACMA investigation found Polymarket was offering gambling services to Australians without an appropriate license. The move sees Australia join other countries, includingContinue Reading
