- Kalshi Decision Delayed
- Elon Musk’s X Faces Scrutiny in the UK
- Nigeria Crackdown on Unregulated Crypto
A federal judge has temporarily halted a decision allowing Kalshi to offer election betting in the US, while Elon Musk's platform X faces UK parliamentary scrutiny. Meanwhile, Nigeria's SEC is cracking down on unregulated crypto operations, and Tokocrypto secures full operational license in Indonesia.
Kalshi Decision Delayed
A federal judge has temporarily halted a decision overturning an order that allowed prediction market platform Kalshi to list bets on the outcome of United States elections. The order was issued by Judge Jia Cobb in the US District Court for the District of Columbia on Sept. 9, granting a temporary administrative stay and scheduling a hearing for Sept. 12 to address competing motions from both the U.S. Commodity Futures Trading Commission (CFTC) and Kalshi. This temporary administrative stay is not a ruling on the merits of the CFTC’s motion.
Elon Musk’s X Faces Scrutiny in the UK
Elon Musk may soon be called to testify before the United Kingdom Parliament about the operations of his social media platform, X. The UK Parliament is investigating how social media algorithms spread misinformation and hateful content. The request for Musk's testimony comes after anti-immigration riots were fueled by false information about an incident in Southport circulated on X.
Nigeria Crackdown on Unregulated Crypto
Nigeria's Securities and Exchange Commission (SEC) is set to take enforcement actions against businesses and individuals involved in unregulated cryptocurrency transactions. The SEC stated its commitment to protecting investors in the cryptocurrency industry. Two local crypto exchanges, Busha Digital and Quidax Technologies, have received provisional operating licenses in Nigeria.
These events highlight the growing need for regulation and oversight in various fields: from prediction markets and social media to cryptocurrency transactions. Relevant authorities are taking steps to prevent potential violations and protect public interests.
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