Prediction market platform Kalshi was hit with 20 criminal charges in Arizona, which alleged that it’s an “illegal gambling operation.”
Under the ruling, the developer of the Phantom self-custody crypto wallet avoids having to register as a broker.
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SEC Chair Paul Atkins said the new securities guidance, which impacts “most crypto assets,” provides “clear lines in clear terms.”
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Arizona prosecutors have filed charges against prediction market operator Kalshi, alleging the company ran an unlicensed gambling operation and accepted