Kalshi’s Legal Battle: Defending Innovation in Prediction Markets Against State Regulators
Legal Tussle: Kalshi Challenges State Gaming Authorities Over Event Contracts In a bold move that underscores the ongoing tension between innovation and regulation, prediction market firm Kalshi has initiated legal proceedings against both the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement. Kalshi’s Legal Battle follows cease and desist orders from […]
Bybit Hack Exposes Alarming Risks in Centralised Crypto Exchanges
In a recent seismic event within the cryptocurrency sector, Bybit, a prominent centralized exchange (CEX), suffered a catastrophic security breach resulting in the loss of $1.5 billion in crypto assets. The Bybit Hack, now the largest in the industry’s history, targeted the exchange’s cold storage systems—normally considered the most secure part of any exchange’s infrastructure. […]