Markets

Kentucky Prediction Market Tax Lawsuit: Kalshi, Polymarket, Crypto.com Sue to Block 14.25% Levy

A coalition of federally regulated prediction markets including Kalshi , Crypto.com , and Polymarket has filed a federal lawsuit challenging Kentucky's 14.25% excise tax on transaction fees, arguing i...

New York Stablecoin Crackdown: Big Tech Barred as State Aligns With Federal GENIUS Act

New York's Department of Financial Services (DFS) has proposed new stablecoin rules that mirror the federal GENIUS Act while adding a critical restriction: big tech firms like Meta, Google, and Amazon...