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Kalshi Sued Over Refusing to Pay Out Prediction Market After Iran Leader's Death

Kalshi, a prediction market platform, is facing a lawsuit for allegedly refusing to pay out on a market that predicted the death of Iran's Supreme Leader, Ayatollah Ali Khamenei. The lawsuit was filed by a trader who claims that Kalshi's decision not to honor the payout violates their contractual obligations. The trader argues that the market was valid and that Kalshi's actions undermine the integrity of prediction markets. Kalshi has stated that it will contest the lawsuit, emphasizing its commitment to compliance with regulatory standards. The outcome of this case could have significant implications for the future of prediction markets and their operational practices.

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Kraken parent, Franklin Templeton to develop onchain investment products

Kraken's parent company, Payward, has partnered with Franklin Templeton to create on-chain investment products. This collaboration aims to leverage blockchain technology to enhance investment offerings and improve efficiency in asset management. The initiative will focus on developing new financial products that can operate on decentralized networks. Both companies

EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus

EBay has rejected GameStop's $56 billion bid to acquire the company, which has drawn attention back to the potential for cryptocurrency integration in e-commerce. GameStop, known for its focus on gaming and digital assets, had aimed to leverage eBay's platform to expand its reach in the

France’s central banker Beau clashes with Lagarde over private digital euro plans

France's central banker, François Villeroy de Galhau, has expressed strong opposition to the European Central Bank's (ECB) plans for a private digital euro, advocating instead for a public version. He believes that a public digital euro would better serve the needs of citizens and businesses, while

Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1

Bakkt has shifted its focus to stablecoin infrastructure as it faces a significant revenue decline, reporting a 77% drop in Q1. The company aims to leverage its expertise in digital assets to develop a stablecoin offering, which it believes will enhance its market position. This pivot comes amid broader challenges

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Kraken parent, Franklin Templeton to develop onchain investment products

EBay rejects GameStop’s $56 billion bid, putting bitcoin exposure back in focus

France’s central banker Beau clashes with Lagarde over private digital euro plans

Bakkt pivots into stablecoin infrastructure as revenue tumbles 77% in Q1