litigation

litigation

Policy

Kalshi takes legal blow in court ruling confirming state powers over prediction markets

This latest U.S. appeals court ruling sets up a rift between federal courts on event contracts, suggesting the U.S. Supreme Court may need to settle the matter.

Kalshi co-founder and CEO Tarek Mansour (Jesse Hamilton/CoinDesk)

Policy

Power struggle erupts at Ondo Finance after founder’s death

Three Delaware court filings reveal a battle for control of Ondo Finance after founder Nathan Allman's death.

Nathan Allman sits on a panel at Consensus 2025

Policy

New York sues Kalshi, alleges it offers a gambling platform 'plain and simple'

The suit wants to bar the company from operating what it says is an unlicensed gambling business and seeks financial redress.

Playing cards and poker chips (Michal Parzuchowski/Unsplash)

Policy

Citadel abandons multi-year crypto lawsuit to focus on bankruptcy order against an ex-employee

After winning a 6 million-pound London arbitration award, Citadel dropped its U.S. trade secrets case, saying another judgment would likely go uncollected.

Citadel Securities Chairman Ken Griffin

News Analysis

Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.

Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its would-be government protectors.

U.S. Supreme Court building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Opinion

Crypto.com v. SEC Is a Bold, 'Bet the Company' Case

If the exchange's lawsuit can clear one procedural hurdle, it will have the regulator on its heels in Texas.

WASHINGTON, DC - MAY 10: Solicitor General nominee, Noel Francisco attends his Senate Judiciary Committee confirmation hearing on Capitol Hill, on May 10, 2017 in Washington, DC. (Photo by Mark Wilson/Getty Images)

Policy

Former FTX Customer Sues Hedge Fund, Says It Reneged on Bankruptcy Payout Deal

Alexander Nikolas Gierczyk of California says the hedge fund he sold his FTX bankruptcy claim to isn't paying out what it promised.

FTX Logo

Policy

Crypto's Bromance With U.S. CFTC May Be One-Sided

The industry's open preference for the CFTC over the SEC has been answered with record enforcement actions showing the CFTC's enthusiasm for punishing crypto wrongdoing.

Rostin Behnam, chairman of the U.S. Commodity Futures Trading Commission (Jesse Hamilton/CoinDesk)

Policy

Prediction Market Kalshi Sues U.S. CFTC for Denying Its Contracts for Congressional Elections

The CFTC denied a valid hedging option when it rebuffed a plan to offer event contracts for traders to bet on political outcomes, the company said.

Kalshi website shown on a laptop.

Policy

Do Kwon's Terraform Labs Seeks Early Court Rejection of U.S. SEC Case

The stablecoin issuer filed for summary judgment, asking the judge to toss the regulator's accusations that Do Kwon and his company engaged in a multi-billion-dollar securities fraud.

A U.S. jury began deliberating in the civil trial against Do Kwon and the company he co-founded, accused of fraud by the Securities and Exchange Commission. (CoinDesk TV and Jesse Hamilton/CoinDesk)