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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 related to the death of Iran's Supreme Leader, Ayatollah Ali Khamenei. The lawsuit claims that Kalshi's decision to not honor the payouts violates its own terms of service and has caused financial harm to the plaintiffs. The market in question was created to allow users to bet on the timing of Khamenei's death, which occurred in September 2023. Kalshi has stated that it is reviewing the lawsuit and believes it acted appropriately in the situation. The outcome of this case could have implications for the regulation of prediction markets in the U.S.

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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