A reported CFTC-DOJ lawsuit against Utah could widen the fight over Kalshi’s prediction markets, but no filing has been verified. Meanwhile, Utah and Kalshi are battling over whether federal commodities law limits the state’s gambling rules.
Read Full ArticleUtah is suing Kalshi, alleging its event contracts violated state gambling laws and citing more than $3 billion in wager volume and up to $61.2 million in estimated fees. Kalshi says federal derivatives rules apply; the court has yet to decide the dispute.
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Georgia’s Bold Leap: Second Bitcoin Reserve Bill Introduced Without Investment Limits – Georgia introduces second Bitcoin reserve bill, SB 228, with no cap on investments. – SB 228 differs from SB 178, which allowed only 5% of state assets into Bitcoin. – 21 U.S. states are considering similar legislation, with Utah predicted to lead. Georgia […]
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Utah’s Bold Leap into Bitcoin: House Bill 230 Advances Could Bitcoin soon become a staple in state treasuries across the US? Utah’s Senate Revenue and Taxation Committee has taken a significant step toward that reality, passing House Bill 230 (HB230) with a 4-2-1 vote. This move marks a pivotal moment in the state’s journey to […]
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Utah Advances Bitcoin Reserve Bill, Nears Final Senate Vote Utah is on the brink of making history as the first U.S. state to officially recognize Bitcoin as a reserve asset, with its groundbreaking bill, HB230, advancing to a crucial Senate vote. As a champion of financial innovation, Utah’s move could be a game-changer for the […]
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Utah Dives into Crypto Pool: State Funds Set to Invest in Digital Assets Utah is making a bold move by advancing HB 230, the Blockchain and Digital Innovation Amendments, allowing up to 5% of public funds to be invested in digital assets like cryptocurrencies and stablecoins, sparking a national conversation on state-backed crypto investments. Utah […]
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Utah’s Bold Leap into Crypto: H.B. 230 Bill Aims to Invest Public Funds Utah is set to make history by potentially becoming the first U.S. state to invest public funds into cryptocurrencies with the introduction of the “Blockchain and Digital Innovation Amendments” (H.B. 230) bill. This move signifies a bold step towards embracing the future […]
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