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US appeals court upholds preventing New Jersey enforcement against Kalshi

A U.S. appeals court has upheld a decision that prevents New Jersey from enforcing its regulations against Kalshi, a prediction market platform. The court ruled that the state's enforcement actions were preempted by federal law, allowing Kalshi to continue operating without state interference. This decision is significant for the broader legal landscape surrounding prediction markets and their regulation. Kalshi's operations focus on allowing users to bet on the outcomes of various events, and the ruling supports its business model against state-level restrictions.

Read the full article: Coin Telegraph

Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

A recent poll reveals that a significant portion of Americans harbor distrust towards cryptocurrencies and artificial intelligence, particularly as industry super PACs increase their influence in the midterm elections. Only 18% of respondents expressed confidence in cryptocurrencies, while 20% felt the same about AI technologies. The survey highlights concerns over

Here’s what happened in crypto today

On October 3, 2023, Bitcoin experienced a significant price surge, reaching a peak of $35,000, driven by increased institutional interest and positive market sentiment. Ethereum also saw gains, climbing to $2,200, as developers announced upgrades aimed at improving scalability. Meanwhile, regulatory discussions in the U.S. continued to

Bitcoin preps highest weekly close since January as BTC price nears $79K

Bitcoin is on track for its highest weekly close since January, with its price approaching $79,000. The cryptocurrency has seen significant upward momentum, driven by increased institutional interest and positive market sentiment. Analysts suggest that if Bitcoin maintains this trajectory, it could break through previous resistance levels. The growing

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows

A recent CoinDesk survey reveals that a majority of Americans still prefer traditional banks over cryptocurrencies for financial access. Approximately 60% of respondents indicated they trust banks more than crypto platforms for managing their finances. The survey also highlighted concerns about the security and volatility of cryptocurrencies, which contribute to

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Americans distrust crypto, AI as industry super PACs flood midterms, poll finds

Here’s what happened in crypto today

Bitcoin preps highest weekly close since January as BTC price nears $79K

Americans still prefer banks over crypto for financial access, CoinDesk's survey shows