Are You Keeping Up With The Changes?
On June 30, a Massachusetts Superior Court justice granted Massachusetts leave to amend its complaint against a prediction markets platform to add seven counts under the state consumer protection and sports betting statutes, including allegations that the platform offered and advertised sports wagering to underage users.
In Rhode Island, a coalition of tribal gaming organizations filed an amicus brief supporting the state in litigation in which the platform and the CFTC contend that the Commodity Exchange Act confers exclusive federal jurisdiction over sports-related event contracts.
Tokenization Firm Debuts Shares on a National Exchange and On Chain
On July 2, a digital asset tokenization firm began trading on the New York Stock Exchange and concurrently issued tokenized versions of its shares on public blockchains, which it described as the “first newly public company to bring its own stock onchain at the start of its life as a public company.”
The firm structured the tokens as issuer-sponsored securities, rather than as wrapper tokens backed one-to-one by shares held in custody.
The BlockchAIn Bootcamp & Workforce Expo will be exploring these trends and more with discussions as our community is evolving.
