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Judge Aleta Trauger Halts Tennessee Case Against Kalshi; Jan. 31 Refund Order Paused
On Monday, US District Judge Aleta Trauger granted Kalshi a preliminary injunction and temporary restraining order, blocking Tennessee regulators from enforcing a cease-and-desist while the case proceeds. The SWC's Friday letters ordered Kalshi, Polymarket and Crypto.com to halt sports event contracts, void positions, and refund Tennessee users by Jan. 31, with penalties up to $25,000 per violation.
CRO
CRO-1.19%
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Democrats unveil BlueVault on January 13 to accept BTC and USDC donations
On January 13, the US Democratic Party launched BlueVault, a crypto fundraising platform for campaign donations that accepts Bitcoin and USDC. According to Coincu, the initiative is framed by regulatory clarity linked to the GENIUS Act and aims to reengage voters and donors after the 2024 presidential election. Coincu also notes Republican platforms have drawn over $21 million in crypto contributions.
BTC
BTC+1.84%
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Meta reportedly preparing 10% Reality Labs staff cut as funding shifts toward AI
Meta is reportedly planning to lay off about 10% of employees at its Reality Labs division this week as it reallocates resources from metaverse projects to artificial intelligence and wearables. The unit, which has around 15,000 staff working on VR hardware and metaverse platforms like Horizon Worlds and Horizon Workrooms, has accumulated more than $70 billion in losses since its launch in August 2020.
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