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Kalshi Prediction Market Platform Sued in Washington State

2 hours ago

On March 29, Washington State Attorney General Nick Brown filed a civil lawsuit against prediction market platform Kalshi in King County Superior Court, accusing it of violating state law by offering services for betting on sports events, elections, and wars—framed as entertainment. The suit seeks to bar Kalshi from operating in the state, recover losses for Washington residents, and impose civil penalties. It also alleges Kalshi’s ads promoted ways for users to skirt local laws to participate in NFL prediction markets, demonstrating a "knowing violation" of state rules. In response, Kalshi pushed back, stating it is a federally regulated, compliant trading platform. The company denied offering markets tied to war-related events and expressed confidence in prevailing in the legal fight. This marks Kalshi’s latest regulatory run-in: it already faces over 20 civil lawsuits nationwide. Notably, an Arizona prosecutor previously brought criminal charges against the platform—the first such case against a U.S. prediction market.
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A whale just rug pulled 1870 XAUT gold-backed tokens, totaling $9.49 million in value

Per LookOnChain monitoring on March 29, the whale address 0x1F09 sold 1,870 XAUT gold tokens nine hours ago at an average price of $4,489—totaling $9.49 million in value. The whale purchased these tokens two weeks prior at $5,075 each, incurring an approximate $1.1 million loss.

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The Trump Administration Once Discussed Seizing Imber Island

March 29th, per a report from The Washington Post, the Trump administration has in recent days oscillated between declaring the war is on the verge of ending and threatening to escalate it. A White House press secretary previously warned that if Iran does not abandon its nuclear ambitions and cease threats to the U.S. and its allies, Trump is "prepared to launch a devastating strike against it." U.S. officials note that over the past month, the Trump administration has internally discussed seizing Kharg Island (a key Iranian oil export hub in the Persian Gulf) and conducting raids on other coastal areas near the Strait of Hormuz to locate and destroy weapons that could target merchant ships and naval vessels. Per PolyBeats monitoring, in the prediction market Polymarket, the probability Kharg Island will no longer be under Iranian control is 3% by month’s end and 30% by April’s end. [Note: The original link to PolyBeats (https://t.me/PolyBeats_Bot) is retained as referenced in the o

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European Financial Market Enters Daylight Saving Time

On March 29, several European countries will observe Daylight Saving Time. As a result, trading hours for European financial markets and release times of European economic data will shift one hour earlier than standard time.

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「Whale」 Increases Long Position to Over $15M, ETH Entry Price Around $2041

March 29 — Per HyperInsight monitoring data, "Brother Whale" Huang Licheng has continued to ramp up his long positions, with a total position value topping $15 million. Breakdown of current positions: - ETH long: $10.85 million (entry price: $2,041.14) - BTC long: $3.71 million (entry price: $66,720.10) - HYPE long: $0.61 million (entry price: $38.80)

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World Cup Fever Sends Fan Token Sector Soaring, Predictions Market Shows Top Seed Spain has 16% Chance of Winning

**March 29 Update** Per HTX market data, as the World Cup nears, Chiliz (CHZ)—the native token of fan engagement platform Chiliz—rallied 15.24% to lead altcoin gains, now trading at $0.04. Other fan tokens saw these 24-hour moves: - SANTOS: +13.3%, current price $1.12 - ASR: +8.45%, current price $1.32 - ALPINE: +5.7%, current price $0.408 - OG: +4.18%, current price $2.61 The 2026 FIFA World Cup will be jointly hosted by the U.S., Canada, and Mexico, running from the June 11 opening match through the July 19 final (39 days total). Notably, amid U.S.-Iran tensions, Iran is slated to face New Zealand in Los Angeles on June 15 (group stage), followed by Belgium on June 21 and Egypt in Seattle on June 26. Former President Trump initially said, “I couldn’t care less if Iran plays in the World Cup,” but later walked back his stance during a meeting with FIFA’s president, welcoming Iran’s participation. Per PolyBeats monitoring, Spain is the current favorite to win the

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US Troop Buildup Targets Iran Mainland, Geopolitical Tensions Escalate Again, Crypto Market Maintains Sideways Movement

### March 29 Crypto & Geopolitics Brief #### Crypto Market Update Per HTX market data, the crypto market traded sideways in a narrow range Wednesday. Key prices: - Bitcoin: ~$66,500 - Ethereum: ~$2,000 - SOL: ~$82 - BNB: ~$613 Total crypto market cap rose 0.5% over 24 hours to $2.375 trillion. Top altcoin movers: **Gainers**: - NOM: +64.6% (now $0.0029) - ONT: +23.1% (now $0.061) - IDEX: +19.9% (now $0.0037) **Losers**: - PAITI: -12.44% (now $0.0873) - DEGO: -8.6% (now $0.317) - TOWNS: -8.09% (now $0.0034) #### US-Iran Tensions Escalate - **Iran**: - Bushehr Nuclear Plant hit 3x in 10 days. - President: No preemptive action, but will retaliate; calls US words/acts "self-contradictory," deepening mistrust. - Revolutionary Guard: Retaliation will be "beyond imagination" if US targets Iranian industrial systems. - Nuclear scientist Mohsen Fakhrizadeh and wife killed in recent attack. - **US**: - Marines deployed to US Central Co

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