Utah on Tuesday became the latest state to catch a suit from the U.S. Commodity Futures Trading Commission when the agency accused the state of treading on its "exclusive jurisdiction" over the prediction markets by bringing an enforcement action that branded Kalshi's sports contracts as bets.
Utah on Tuesday became the latest state to catch a suit from the U.S. Commodity Futures Trading Commission when the agency accused the state of treading on its "exclusive jurisdiction" over the prediction markets by bringing an enforcement action that branded Kalshi's sports contracts as bets.
A U.S. Army soldier must face charges that he profited from insider knowledge of the raid that captured deposed Venezuelan President Nicolás Maduro after a Manhattan federal judge ruled that whether his prediction market trades ran afoul of commodities laws is a question for trial.
An investor is suing UP Fintech Holding Ltd. in New Jersey federal court, alleging the fintech company and its top brass misrepresented and understated its legal and regulatory risk "as a result of continued illegal activity in China."
The IRS asked the First Circuit to dismiss unlawful property seizure and due process claims against former IRS Criminal Investigation officers in a dispute related to a shuttered online bank suspected of facilitating tax evasion and money laundering, saying the bank's former owner failed to establish plausible allegations.
Ares Capital Corp. said Tuesday it has agreed to acquire middle-market lender MidCap Financial Investment Corp. in a stock-and-cash transaction for an enterprise value of about $2.6 billion, with six law firms advising on the transaction.
Venable announced Tuesday it has hired a U.S. Securities and Exchange Commission lawyer who spent the past 10 years in myriad legal roles at the agency and most recently had a senior position in the SEC Division of Trading and Markets' legal review office.
Covered entities should take a fresh look at the compliance gaps flagged in recent New York State Department of Financial Services guidance on "deficient cybersecurity programs," particularly around scope, asset inventories and documentation, say attorneys at Mayer Brown.
The U.S. Securities and Exchange Commission’s recent proposal to update the federal regulatory framework for transfer agents would comprehensively modernize the old task-specific regime by centering speed, operational resilience, compliance governance and technology-neutral recordkeeping, say attorneys at Morgan Lewis.
For government contractors, the 10 factors described in the U.S. Department of Justice's recent corporate fraud enforcement directive function as a de facto scoring rubric for internal audits that mirrors what prosecutors will prioritize, say attorneys at Spencer Fane.
The U.S. Department of Justice late Tuesday acknowledged that it confused key statutory terms related to jury instructions at famed appellate advocate Tom Goldstein's criminal trial, while also insisting "the government's mistake here was understandable" and shouldn't upend a jury's guilty verdict.
The widow of a Miami real estate investor is suing a former president of the Florida Bar for malpractice, claiming his botched representation left her without a claim to her late husband's $350 million estate.
A high-stakes case that will determine whether the U.S. government should face patent infringement claims over Moderna's COVID-19 vaccines and Labcorp's appeal of a nine-figure patent verdict against it are among the arguments the Federal Circuit will hear in November.
The Fourth Circuit on Tuesday affirmed a district court determination striking down as unconstitutional West Virginia's law restricting the publication of the home addresses and phone numbers of law enforcement and judicial officials, saying the district court applied "well-established" First Amendment principles.
