Kalshi, a prediction Market platform, is suing the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after receiving cease and desist orders to stop its sports-related contracts in these states. Kalshi argues that its contracts fall under the Commodity Futures Trading Commission (CFTC) jurisdiction, meaning state regulators shouldn’t interfere. The company’s ...
Kalshi, a prediction Market platform, has filed a lawsuit against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after receiving cease and desist orders to stop its sports-related contracts in those states. Kalshi’s legal team argues that their contracts are under the jurisdiction of the Commodity Futures Trading Commission (CFTC) ...
Tether has filed a lawsuit against Swan Bitcoin, claiming breaches of contract in their joint Bitcoin mining project called 2040 Energy, established in 2022. Tether alleges that Swan acted recklessly, leading to significant violations of their agreements. The lawsuit, lodged in the High Court of England and Wales, marks a serious escalation between the two ...
The U.K. Competition Appeal Tribunal has ruled that a lawsuit against Apple and Amazon, which accused them of colluding to limit competition, cannot proceed. Consumer law academic Christine Riefa, the plaintiff, was deemed insufficiently independent to represent consumers, as her case relied on third-party funding. The lawsuit alleged that Apple and Amazon restricted the resale ...
Coinbase, a leading cryptocurrency exchange, is facing a lawsuit for over $1 billion from BiT Global Digital Limited, a company based in Hong Kong. The lawsuit claims that Coinbase acted unfairly by delisting Wrapped Bitcoin (wBTC) from its platform to benefit its own product, cbBTC. BiT Global argues that Coinbase’s reasons for the delisting are ...
A man from the UK is suing his local council over a Bitcoin hard drive that was buried in a landfill more than ten years ago. James Howells believes the Bitcoin wallet could now be worth £600 million, or over $1.1 billion. He claims that his girlfriend accidentally threw out the hard drive in 2013. ...
Elon Musk has updated his lawsuit against OpenAI to include Microsoft, claiming they have formed a monopoly in the AI industry. The lawsuit also names Reid Hoffman, a Microsoft board member, as a defendant. Musk accuses OpenAI of trying to weaken competitors by offering their employees lucrative pay packages, with estimates suggesting OpenAI may spend ...
Delta Air Lines has filed a lawsuit against cybersecurity firm CrowdStrike following a major software update this summer that disrupted millions of computers globally. The incident significantly affected Delta, grounding much of its passenger fleet. The airline is seeking damages, claiming the update caused "catastrophic" chaos.
 "BYJU’S faces a .2 billion lawsuit from lenders as founder disputes debt claims amid allegations of financial mismanagement.")
BYJU’S is facing legal challenges from US lenders represented by Glas Trust, who demand repayment of a $1.2 billion Term Loan B. The founder, Byju Raveendran, claims the company’s verified debt is only around Rs 20 crore, arguing this means he may not owe anything. However, the lenders insist that both Raveendran and the Insolvency ...
 "Google faces a dramatic antitrust lawsuit threatening its ad tech dominance, following a prior ruling declaring its search engine a monopoly.")
One month after a judge ruled that Google’s search engine operates illegally as a monopoly, the tech giant is facing another antitrust lawsuit concerning its advertising technology. The U.S. Justice Department claims that Google maintains a monopoly by controlling both sides of the advertising transaction, which leads to higher fees for publishers and advertisers. As ...
