Business Sandesh Indian Newspaper | Articles | Opinion Pieces | Research Studies | Findings & News | Sandesh News

In a high-stakes showdown over fintech innovation versus gambling oversight, KalshiEX LLC—the CFTC-regulated prediction market platform—sued the New York State Gaming Commission (NYSGC) on October 27, 2025, in Manhattan’s U.S. District Court. The lawsuit seeks a temporary restraining order and preliminary injunction to halt enforcement of a cease-and-desist letter issued October 24, which branded Kalshi’s sports event contracts as unlicensed …

President Donald Trump’s October 23, 2025, pardon of Binance founder Changpeng “CZ” Zhao—mere months after the crypto billionaire’s four-month sentence for anti-money laundering violations—has unleashed a torrent of backlash, culminating in Democratic Rep. Ro Khanna’s bold legislative salvo. The California congressman, vice chair of the Congressional Progressive Caucus, announced plans to introduce a bill banning elected officials, the president, and …

tZERO Group Inc., the trailblazing blockchain firm revolutionizing tokenized securities, has set its sights on a transformative initial public offering (IPO) in 2026, riding a wave of regulatory tailwinds and resurgent investor confidence in digital assets. Founded in 2014 as a subsidiary of Overstock.com’s Medici Ventures—before evolving into an independent powerhouse backed by heavyweights like Intercontinental Exchange (ICE), the NYSE’s …

Sean “Diddy” Combs, the hip-hop titan whose empire once defined urban culture, faces over two more years behind bars following his October 3, 2025, sentencing to 50 months for two counts of transportation to engage in prostitution. Acquitted on graver racketeering and sex trafficking charges that could have meant life, the 56-year-old mogul’s projected release date—May 8, 2028—accounts for 13 …

In a stark indictment of corporate crypto gambles, S&P Global Ratings has slapped a B- “junk” credit rating on Strategy Inc.—the Bitcoin treasury powerhouse formerly known as MicroStrategy—highlighting its perilous reliance on the volatile cryptocurrency. Unveiled on October 27, 2025, the rating, six notches below investment grade with a stable outlook, underscores the firm’s ballooning risks as Bitcoin’s price gyrates …