New Jersey petitions Supreme Court to settle prediction markets sports dispute

·1 views

New Jersey has become the first state to formally ask the U.S. Supreme Court to weigh in on the legality of prediction markets offering sports-related products. The move comes after multiple federal appeals courts issued conflicting rulings on whether states have the authority to regulate or ban such markets. The differing court decisions created legal uncertainty around how prediction markets can operate across the country. By petitioning SCOTUS, New Jersey is seeking a definitive national ruling to resolve the inconsistency between jurisdictions.

Read the full story at CoinDesk

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Crypto-backed candidates win primaries, industry eyes November general election

The cryptocurrency industry's political action committee Fairshake backed several candidates in U.S. primary elections, all of whom emerged victorious. Among the winners was Massachusetts incumbent Jake Auchincloss, adding to the list of crypto-supported candidates who secured their party nominations. The results signal a growing political influence for the crypto industry within U.S. electoral politics. With the primaries concluded, the industry's focus now shifts to the November general election, where it aims to further expand its presence in Congress.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Crypto VCs Flocking to Late-Stage Deals, Leaving Early-Stage Funding Gap

Varun Datta of Truth Ventures argues in this week's Crypto Long & Short column that crypto venture capital firms are increasingly concentrating capital in later-stage investments, mistaking herd behavior for prudent strategy. Data shows that proven companies captured 57% of venture funding in the last quarter alone. Datta contends this consensus-driven retreat from early-stage deals is creating a significant gap at the founding stage. He believes this overlooked segment is precisely where the strongest investment returns are likely to be found, and outlines three key factors investors should evaluate when targeting early-stage opportunities.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

CrowdStrike, Feds Dismantle Russian Malware That Hijacked Crypto Addresses for 8 Years

CrowdStrike and federal authorities have successfully dismantled a Russia-based malware operation known as Sality that operated covertly for approximately eight years. The malware was designed to monitor clipboard activity, detecting when users copied Bitcoin or Ethereum wallet addresses and silently replacing them with addresses controlled by the attackers. This technique, commonly known as a clipboard hijacker, allowed the threat actors to redirect cryptocurrency transactions without victims' knowledge. Investigators have identified and isolated more than 15,000 infected machines as part of the takedown effort.

0 comments Read more at CoinDesk

Crypto & Web3CoinDesk ·

Tokenization Is Reshaping How Value Is Created, Owned and Transferred

Solana Foundation's Lily Liu argues that tokenization represents far more than simply broadening access to digital assets. According to Liu, the trend marks a fundamental transformation in how value is generated, held, financed, and transferred across systems. The shift applies broadly, covering virtually any asset or item that can be assigned worth. Liu's perspective frames programmable tokens not as a niche financial tool but as a structural reimagining of economic ownership itself.

0 comments Read more at CoinDesk