I can’t say with 100% certainty that nineteen-year-old Justin Jin isn’t playing a good joke on me. In his defense, Jin Giggles’ company – which he describes as “a business app combined with TikTok” – started as a joke. “It was around 2023, when TikTok was rumored to be banned, and people were trying to … Read more
How are you doing? file tax on market capitalization in advance? It seems like the kind of question any decent reporter should answer. However, it is now a conundrum for tax professionals across the country. “You have a leeway,” says Patrick Camuso, an accountant who specializes in digital assets. “It puts the taxpayer at a … Read more
The CFTC has exclusive jurisdiction over Kalshi sports event contracts, the court rules The ruling marks the first federal appeals decision regarding state vs. federal regulation of prediction markets The dissenting judge said that Kalshi’s offerings were similar to conventional gambling April 6 (Reuters) – A state appeals court ruled on Monday that New Jersey … Read more
The Kalshi app, a pre-ordered website, is displayed on the phone. Many states have tried to ban the company from operating, citing national gambling laws. But the federal government has sued to block those state laws to allow Kalshi and other predicted markets to operate. Scott Olson/Getty Images hide description toggle caption Scott Olson/Getty Images … Read more