CFTC Sues New York Over bid to Apply Gambling Laws to Prediction Markets
[ad_1] The Commodity Futures Trading Commission (CFTC) has filed a lawsuit against New York to stop the state from applying its gambling laws to federally regulated prediction market platforms, escalating a growing clash over who has authority to oversee these products. In a complaint lodged in the US District Court for the Southern District of […]
New York Sues Coinbase, Gemini Over Unlicensed Markets
[ad_1] New York’s attorney general has filed lawsuits against crypto exchange operators Coinbase Financial Markets and Gemini Titan for allegedly violating state gambling laws, according to court records cited by Reuters. Copies of the complaints show the state alleges both exchanges failed to obtain licenses from the New York State Gaming Commission to operate their […]
Former New York Mayor Eric Adams Launches Memecoin, Accused of Pulling Liquidity At Peak Price
[ad_1] Former New York City Mayor Eric Adams is in hot water after promoting a crypto asset that suffered a massive price drop shortly after its launch. Adams introduced the memecoin NYC Token as a crypto asset with a cause. “Proud to launch @buynyctoken, a new token built to fight the rapid spread of antisemitism […]