The fight over who controls sports betting isn’t just about who gets the tax money. A new legal battle pits federal regulators against Arizona, with big implications for apps that let people bet on anything from games to elections. At the center? A company called Kalshi, which runs prediction market
Big banks like JPMorgan can't keep treating blockchain tech like a side project anymore. Jamie Dimon says his own company needs to speed up, or lose ground to smaller rivals using tokens and smart contracts to handle money differently. Tokenization is turning real things—like government bonds or sh
The euro is on the table for a major upgrade. Euro zone finance ministers are gathering to brainstorm ways to give the euro more clout on the world stage. The goal? To make Europe less dependent on the economic whims of the U. S. and China. One big idea is to tear down internal trade barriers withi
The U. S. is stepping up its game in the digital asset world. The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) are joining forces on Project Crypto. This initiative aims to make sure the U. S. stays ahead in the digital finance race. The goal is to cr
Crypto's influence in Washington is growing, and it's not just about voting. A group called Fairshake and its allies have a massive $193 million to spend. This money is not going directly to candidates but is being used to shape the political landscape in a very specific way. Fairshake and its part
A recent ruling by a New York City tribunal has put an end to a long-standing tax dispute involving Cantor Fitzgerald Securities. The tribunal decided that the company cannot combine its financial records with those of its unrelated subsidiaries to lower its tax bill. This case, which dates back to
In France, a recent cyber incident has put thousands of crypto users at risk. The breach happened on a platform called Waltio, which helps people with crypto taxes. Hackers got their hands on personal details of about 50, 000 users, mostly in France. The hackers, who call themselves Shiny Hunters,
A bank in Pennsylvania recently won a partial victory in its fight for a tax refund. The state's Board of Finance and Revenue (BFR) decided to give back some of the sales and use taxes the bank had paid. The bank had asked for a refund on several things, including landscaping, security gear, buildin
The Consumer Financial Protection Bureau (CFPB) has had a rocky year. In early 2025, things took a dramatic turn. Employees were told to stop working. Offices were closed, but staff weren't on leave. They were just at home, staring at their screens, unable to do their jobs. This was part of a bigge
U. S. bank stocks took a hit during morning trading on Tuesday. This happened as investors waited to see if a 10% cap on credit card interest rates would be enforced by the Trump administration. The deadline for this decision was January 20. The proposed cap aims to make credit cards more affordabl
