News list for "Nevada"
Prediction market platform Kalshi, which lost a preliminary injunction blocking Nevada regulators on the eve of Thanksgiving, is applying to the court to continue to block state regulatory action while it is appealed. The court's revocation of the injunction means Kalshi faces potential legal risks if it continues to operate in Nevada. Kalshi, like Polymarket, offers prediction contracts covering sports, politics, crypto and traditional markets. It believes that obtaining a CFTC license can make...
A court filing revealed that troubled digital asset custodian Fortress Trust (recently renamed Elemental Financial Technologies Inc.) is on the verge of bankruptcy, with a serious gap between its assets and liabilities. Nevada regulators issued a cease-and-desist order to the custodian on October 22, saying that Fortress' current liquidity position was "completely unable to meet customer reimbursement obligations".
Shares of Lithium Americas rallied after trading, rising nearly 40 per cent after Energy Secretary Wright said the US government would take a stake in the company to advance projects in Nevada.
A16z, the top US venture capital firm, has announced that it will move the domicile of AH Capital Management, its main business entity, from Delaware to Nevada. Three partners of the agency jointly wrote that the increasingly subjective decisions of the Delaware Chancery Court in recent years have shaken the trust of the corporate community in its "gold standard" judicial system. A16z stressed that it will continue to invest in Delaware-registered companies, but believes that technology founders...
According to market news, Truth Social Bitcoin and Ethereum ETFs are registered in Nevada.
A federal court in the U.S. state of Nevada has granted a preliminary injunction filed by cryptocurrency-based prediction market Kalshi, temporarily preventing the state government from halting its cryptocurrency-based prediction market operations. Kalshi co-founder Tarek Mansour thanked the court via the X platform for recognizing the platform's status as an exchange regulated by the U.S. Commodity Futures Trading Commission (CFTC).
Prediction market Kalshi sued gaming regulators in Nevada and New Jersey after receiving cease-and-desist orders barring it from offering contracts related to sporting events in both states, arguing that as an exchange regulated by the Commodity Futures Trading Commission, it is subject to exclusive federal regulation and that the Commodity Exchange Act takes precedence over state law.
Las Vegas businessperson Brent C. Kovar first appeared in court on February 14 on suspicion of cryptocurrency fraud, according to the U.S. Attorney's Office of Nevada. Prosecutors accused him of fraudulently claiming to use artificial intelligence to mine and verify cryptocurrency transactions through his company Profit Connect between the end of 2017 and July 2021, promising an annualized yield of 15% -30% and providing a full refund guarantee, defrauding more than 400 investors of about $24 mi...
According to Edison Research, in the key state of Nevada, with 70.1% of the expected votes counted, Trump received 50.9% support, while Harris received 47.5% support.
On November 6th, according to Edison Research, preliminary results of Nevada exit polls show that Trump won 43% of voters under 45 (up 6% from 2020), Harris won 53%; Trump won 52% of voters over 45 (down 3% from 2020), Harris won 45%; Trump won 52% of voters over 65 (down 1% from 2020), Harris won 45% Trump won 43% of female voters (down 1% from 2020), Harris won 53%; Trump won 54% of white voters (down 2% from 2020), Harris won 43%.
