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Games & Commerce

Dark and Darker Supreme Court ruling nears; focus on scope of protecting game development outputs

South Korea\'s game industry is watching a Supreme Court ruling due on April 30 in the dispute between Nexon and Ironmace over \"Dark and Darker\". The industry focus is on how far courts recognise non-public development outputs accumulated during development and how they separate copyright from trade secrets. Lower courts rejected copyright infringement but upheld trade secret infringement. They also rejected a request to ban the game’s service, citing an expired protection period.

Crypto

New York state sues Coinbase, Gemini over alleged unlicensed prediction markets

New York state filed a lawsuit against cryptocurrency exchanges Coinbase and Gemini over prediction-market contracts. The state alleges the products, tied to sports, entertainment and elections, are unlicensed gambling that violates state law. Attorney General Letitia James said renaming gambling does not change its nature and cannot evade regulation. The complaint says the services functioned like bookmakers and allowed participation by users under 21.

Crypto

HBO\'s John Oliver targets prediction markets, says manipulation is too easy and regulation is a void

HBO satire show \"Last Week Tonight with John Oliver\" criticised prediction market platforms, highlighting regulatory gaps and the ease of manipulation. Oliver cited Kalyshi and Polymarket and described betting on political statements or whether events occur. He also criticised the U.S. Commodity Futures Trading Commission for not adequately controlling contracts tied to risky events such as terrorism, assassination and war. The sector is growing fast, with forecasts it could reach $1 trillion by 2030.