Judge Torres Deals Major Blow to Kalshi as New York Sports Contracts Face Scrutiny

The post A New York Crypto Legal Director Role Is Advertising $1 Million to $5 Million a Year – Bitcoin News appeared on BitcoinEthereumNews.com. Key Takeaways Pump.fun posted a New York legal role paying $1 million to $5 million a year. Solana memecoin volume tops $300 million daily as bitcoin sits 50% below October. Pump.fun faces a 2025 New York class action as the Clarity Act points to tighter rules. Pump.fun is shopping for a top lawyer in New York, and it is dangling a payday that would make most Big Tech compensation packages look modest: $1 million to $5 million a year. The timing is awkward for anyone pitching crypto stability, with Bitcoin down about 50% since 10/01 and regulators tightening screws from Europe’s MiCA to Washington’s evolving Clarity Act. Pump.fun’s meteoric growth on Solana has brought big volume and even bigger scrutiny, including a New York class action that accuses the platform of operating a Ponzi scheme. For a company trying to become a global brand, the

A fast-growing Solana-based crypto platform is advertising a New York director of legal affairs role paying $1 million to $5 million a year, even as the market remains weak and Bitcoin is down about 50% since October. The company launched in 2024, says it processes more than $300 million in daily transactions, and is facing […]

The post Kalshi loses New York court battle as Google bans prediction market extensions appeared on BitcoinEthereumNews.com. Kalshi has lost another round in court. A federal judge has turned down the company’s request to stop New York from applying its gambling laws to the prediction markets platform. U.S. District Judge Analisa Torres in Manhattan issued the ruling on Tuesday. She said Kalshi was not entitled to a preliminary injunction. She reasoned that the federal Commodity Exchange Act does not override New York’s gambling laws when it comes to Kalshi’s sports-event contracts. Torres said New York has strong reasons for its position. She pointed to the state’s goals of stopping gambling addiction, protecting the integrity of sports, and keeping unregulated contracts from spreading. Those interests, she wrote, “heavily” outweigh Kalshi’s arguments about federal law taking priority, and about customers running into what the company called “intractable” tech problems. “Kalshi has no

The post Brittany Allen Submitted Herself For An Emmy After HBO Didn’t. It Worked appeared on BitcoinEthereumNews.com. NEW YORK, NEW YORK – DECEMBER 11: Brittany Allen attends Showtime’s “Dexter: Original Sin” New York Premiere at SVA Theater on December 11, 2024 in New York City. (Photo by Dia Dipasupil/WireImage) WireImage Before Brittany Allen was an Emmy nominee, she was almost a Supporting Actress. (Spoilers) Allen plays Roxie Hamler in The Pitt‘s second season, a young mother with terminal cancer who is admitted to the ER contemplating ending it all. Roxie’s arc started as a six-episode role, grew to eight scripted episodes, and then lost its final one — the death scene never made air. Emmy rules split guest and supporting categories by episode count, and losing that scene held Allen under the line: seven aired episodes instead of eight, keeping her in guest actress rather than bumping her to supporting. “When I saw that they just had her pass away off camera, first of all, I tho

The post Paradigm Raises $1.2 Billion Fund as Crypto VC Pushes Further Into AI appeared on BitcoinEthereumNews.com. In brief Paradigm announced a $1.2 billion fourth fund targeting crypto, AI, robotics, and other technology startups. The crypto VC firm has backed companies including Nous Research, Zipline, True Anomaly, Hyperliquid, and Kalshi. Paradigm said it remains committed to crypto as it explores areas where AI and blockchain overlap. Crypto venture firm Paradigm has raised a $1.2 billion fund to invest in AI, robotics, crypto, and other technologies, broadening its focus beyond digital assets. While crypto remains central to Paradigm’s business, the San Francisco-based firm said Wednesday its fourth fund will expand investments into AI, autonomous hardware, and other emerging technologies while continuing its research-driven approach. “$1.2B to invest in steep exponentials. 8 years ago we were backed by people who believed in the crypto frontier,” Paradigm managing partner Alan

The investment firm said its fourth fund will back AI, robotics, and crypto startups as it broadens beyond digital assets.

The post Judge Greenlights E. Jean Carroll To Collect $5.8 Million From Trump appeared on BitcoinEthereumNews.com. Topline A federal judge in New York authorized a $5.8 million judgement against President Donald Trump, three years after he was found liable for the sexual abuse and defamation of writer E. Jean Carroll—rejecting a last-minute motion on Tuesday night attempting to pause the disbursement out of concerns she planned to donate the funds. Trump was found liable for sexually abusing and defaming E. Jean Carroll in 2023. Getty Images Key Facts The $5 million award plus interest was mostly already paid and kept in a court-controlled account while Trump appealed the case, but Judge Lewis Kaplan authorized the disbursement of the funds in an order on Wednesday. On Tuesday, attorneys for Trump asked the court to deny Carroll’s request, insisting Trump could face “unrecoverable financial loss” if she went ahead with her plans to donate the money, should the Supreme Court later overt

Kalshi's legal setback in New York highlights the complex interplay between state and federal regulations, impacting prediction markets' operations. The post Kalshi loses court bid to block New York’s gambling restrictions appeared first on Crypto Briefing.