Blockchain.com Eyes Up to $6B IPO as It Expands Into Prediction Markets
Blockchain.com is reportedly seeking a U.S. IPO valuing the company at up to $6 billion, with its recent Polymarket partnership adding a prediction-market angle to the filing.
Bonus News Team
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Sixth Circuit Ruling on Kalshi State Oversight Remains Unclear After Source Article Disappears
A missing Courthouse News article indicates the Sixth Circuit said states can regulate Kalshi’s prediction market, but the full ruling details were not available from the provided source.
Sixth Circuit Says States Can Regulate Kalshi Sports Contracts
A federal appeals panel said Kalshi’s sports event contracts are not swaps under the Commodity Exchange Act, allowing Ohio and Tennessee to enforce state sports betting laws.
New York Seeks to Block Polymarket US in State Over Sports and Event Contracts
New York Attorney General Letitia James has petitioned a court to stop Polymarket US from offering prediction-market contracts in the state, escalating the fight over whether CFTC-regulated platforms must also follow state gambling laws.
Polymarket, New York AG Letitia James File Dueling Lawsuits Over Regulation
Polymarket sued New York Attorney General Letitia James in Manhattan federal court after James filed a separate case accusing the prediction-market platform of promoting illegal gambling under state law.
Virginia Lottery Now Oversees Four Gaming Verticals as iGaming Bills Stall Until 2027
Virginia’s Lottery now regulates four gambling verticals after daily fantasy sports shifted under its oversight, but online casino legislation and a proposed gaming commission are on hold until at least 2027.