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New York AG Sues Kalshi Seeking $36 Billion Over Alleged Illegal Gambling via Prediction Markets

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New York Attorney General Letitia James filed a lawsuit on July 31, 2026, alleging Kalshi operates an illegal, unlicensed gambling platform through its prediction markets. The state seeks at least $36 billion in damages, treble penalties, full restitution, and a temporary restraining order to stop event contracts in New York. Officials claim the platform allows users under 21 to wager and bypasses state gaming taxes and licensing...

Cryptocurrencies, News, Prediction Markets

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Fed Holds Rates Steady in Divided 9-3 Vote as Bitcoin Holds Near $64,000

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The FOMC voted 9-3 to keep the federal funds rate at 3.5% to 3.75% on July 29. Three regional presidents dissented in favor of a 25-basis-point increase amid elevated inflation. Bitcoin traded around $64,250 after the decision, up about 1% on the day, with limited immediate volatility. Analysts described the outcome as a hawkish hold, with attention shifting to the September meeting. The Federal Reserve held its benchmark...

Bitcoin, Cryptocurrencies, News

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Russia Charges Telegram Founder Pavel Durov With Aiding Terrorism, Issues Arrest Warrant

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Russia’s FSB charged Telegram founder Pavel Durov with aiding terrorist activity and placed him on an international wanted list. The agency alleged Telegram failed to remove channels, chats and bots used by Ukrainian special services and extremist groups for sabotage and cyber fraud inside Russia. Telegram’s official X account responded by posting an image of Durov making a middle-finger gesture; no further comment was issued. Telegram, with...

Cryptocurrencies, News

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Federal Judge Blocks Minnesota Prediction Market Ban in Win for Kalshi, Polymarket

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U.S. District Judge Katherine Menendez issued a preliminary injunction on July 27 blocking Minnesota’s prediction market ban. The ruling favors Kalshi, Polymarket US and the CFTC, finding the state law likely preempted by the Commodity Exchange Act. Minnesota’s statute, signed by Gov. Tim Walz, was set to criminalize operating or advertising prediction markets starting Aug. 1. A federal judge has temporarily blocked Minnesota from...

Cryptocurrencies, News

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Storj Labs Files Chapter 11 to Resolve Legacy Debts, Eyes Equity for Token Holders

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Storj Labs voluntarily filed Chapter 11 on July 26 in the U.S. Bankruptcy Court for the Northern District of West Virginia under case No. 5:26-bk-00512. Operations, customer service and the decentralized storage network continue without interruption, with parent Inveniam supporting the process. The company intends to propose a mechanism allowing STORJ token holders to participate in equity of the restructured firm, subject to court approval...

Cryptocurrencies, dApps, News

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