Author: Benjamin Lee

A Michigan court is barring a prediction market platform from offering sports wagers to state residents or risk massive daily fines for failing to block access. The order requires KalshiEx, LLC to maintain geofencing using a state-licensed third-party provider, with violations triggering a $500,000 daily fine. The injunction prohibits offering, facilitating, advertising, or processing any internet sports betting contracts to anyone in Michigan, including users aged 18 and older. Michigan Attorney General Dana Nessel secured the ruling after filing suit in March 2026 alleging unlicensed sports betting under the Lawful Sports Betting Act. A temporary restraining order was already in…

Grayscale Research is warning that artificial intelligence may heighten financial surveillance risks on transparent blockchains by improving the ability to link transactions with off-chain data and de-anonymize addresses. This dynamic builds on past waves of privacy concerns tied to technological shifts, including the 1970s digitization of financial records and the 1990s rise of the internet. Grayscale Research says a third wave is underway, driven by AI tools that could make blockchain address labeling more effective and widespread. Source: Grayscale Bitcoin (BTC) transactions are visible by default on the public ledger, a risk noted in its white paper. In contrast, Zcash…