Key Highlights: The Seoul Southern District Court rejected prosecutors’ bid for a 20-year sentence and a $14 million asset seizure against an individual identified as Park, citing insufficient evidence of market manipulation. Judges ruled that while deceptive white papers were distributed, prosecutors failed to prove they directly induced victims to purchase the tokens rather than ...
Key Highlights The Seoul Southern District Court acquitted an individual surnamed Park of cryptocurrency market manipulation charges due to insufficient digital forensic evidence. Tokens linked to the case, including Podo Coin and Artube, retain negligible market value, leaving affected investors without financial compensation or restitution. Following the high-profile court decision, South Korean President Lee Jae ...
Key Highlights The CFTC issued a staff advisory warning that “mention markets” — betting on what a specific individual might say or do — are “presumptively readily susceptible to manipulation.” The regulator distinguishes these markets from standard event contracts because outcomes depend on “the discrete conduct of a named person” rather than independently generated, externally ...
George Santos did not attend the event, ultimately betting money on that outcome. In addition to banning him, Kalshi fined Santos more than $70,000 in…
Kalshi, the regulated U.S. prediction-market exchange, has issued its first permanent trading ban, barring former Representative George Santos and fining him more than $70,000 for…