Ohio Crypto Manager Gets Nine Years for $10M Ponzi Scheme
Rathnakishore Giri, a 31-year-old investment manager from New Albany, Ohio, was sentenced to nine years in federal prison and three years of supervised release for running a cryptocurrency Ponzi scheme that defrauded investors of about $10 million. The sentence closes a criminal case built around false promises of Bitcoin derivatives trading, principal protection and guaranteed […]
Ohio judge rules Kalshi’s sports-event contracts are gambling, denies preliminary injunction
A U.S. district judge in Columbus denied Kalshi’s request for a preliminary injunction, ruling that the platform’s sports-event contracts fall within Ohio gambling law. The decision gives state regulators room to enforce those rules against Kalshi and weakens the company’s attempt to rely on federal commodities protections.