Kalshi Overcomes Tribal Lawsuit as Venture Capital Support Increases Amid Legal Challenges in Sports Betting
Legal Victory for Kalshi: A federal judge denied a preliminary injunction from three California tribes, allowing KalshiEX LLC to continue offering sports-event contracts on tribal lands, as the tribes failed to prove their claims under the Indian Gaming Regulatory Act.
Ongoing Legal Challenges: Kalshi is also facing legal issues in New York, where state regulators issued a cease-and-desist order, prompting the company to file a federal lawsuit asserting that its contracts are under federal CFTC oversight.
Strong VC Support: Despite regulatory pressures, Kalshi has successfully raised significant venture capital, including $300 million in a recent funding round, with its valuation now estimated between $10 billion and $12 billion.
Market Confidence: The continued investment in Kalshi reflects strong confidence from venture capitalists in the platform's potential for long-term growth, despite the ongoing legal disputes.
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Technical Analysis for ZK
Technical Sentiment Analysis for ZKsync (ZK) As of , ZKsync (ZK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for ZK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, ZK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
ZKsync (ZK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00264 | 0.0081 | 0.0159 | 0.0266 | 0.0344 | 0.0451 | 0.0529 |
| Fibonacci | 0.0081 | 0.0152 | 0.0195 | 0.0266 | 0.0337 | 0.038 | 0.0451 |
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