Second Circuit Court OF Appeals

Former FTX CEO Sam Bankman-Fried is asking the U.S. Supreme Court to review lower-court rulings that upheld his fraud conviction. His lawyers are challenging trial evidence tied to customer losses and a court-ordered forfeiture order of $11 billion.

Connecticut has sued Kalshi in a bid to halt the platform’s sports event contracts in the state, intensifying a broader legal clash over prediction markets. With state and federal courts issuing mixed decisions, the fight is increasingly framed as one that could eventually reach the U.S. Supreme Court.