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Kenyan parliament introduces bill to regulate virtual-asset providers

Regulation

Kenyan parliament majority leader Kimani Ichungwa introduced the Virtual Assets Service Providers Bill 2025, proposing licensing and oversight rules for virtual-asset service providers. The bill assigns wallet oversight to the Central Bank of Kenya and investment and exchange oversight to the Capital Markets Authority, while also covering stablecoins and initial coin offerings.

The proposal would establish licensing and oversight requirements relevant to gambling businesses using virtual-asset services.

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Regulation

Washington gambler sues Kalshi over alleged $308,781.62 losses

Scott Bright filed a lawsuit against Kalshi in King County Superior Court, alleging the platform violated Washington's online gambling ban. His complaint says he lost $308,781.62 between 17 June and 14 August 2026; Kalshi has sought dismissal and argues its event contracts are regulated under federal law and that counterparties, not the company, received his losses.

Scott Bright has sued Kalshi in Washington, alleging that its prediction market violated the state's online gambling ban. Kalshi has sought to dismiss the case.

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