FTC, Nevada Sue IML for $1.2B Crypto Fraud Targeting Youth

May 9, 2025

Catenaa, Friday, May 09, 2025-The Federal Trade Commission (FTC) and the state of Nevada filed suit Thursday against IM Mastery Academy, also known as IML, alleging the firm defrauded consumers of $1.2 billion through deceptive investment training programs focused on cryptocurrency, forex, and stock markets. The complaint accuses IML — operating under various names including […]

Kalshi Sues States Over Sports Betting Contract Ban

April 11, 2025

Catenaa, Thursday, April 10, 2025- PREDICTION MARKET PLATFORM Kalshi has filed a lawsuit against the Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (NJDGE) after receiving cease-and-desist orders from both state regulators. The letters, issued earlier this year, demand that Kalshi stop offering sports-related event contracts, claiming the platform engages […]