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IPI now has until this Friday to find a new lawyer to carry the six-case workload Hasselback had, but will most likely use this as an excuse to delay the ongoing legal battles. It won’t get very far with that, though, and perhaps Judge Kennedy expected IPI to try something. She added in her ruling that the attorney’s exit “may cause some delay, [but] that delay is not so much so that it would cause significant prejudice or adversely and materially affect the plaintiff.”
This particular lawsuit involving Fox Financial, one of a growing list IPI is battling, centers on an arrangement the company made with a third party, Forson Holdings. That entity had leased property from Fox in 2016, but fell behind. IPI had signed as a guarantor of that lease agreement and, as such, was responsible for covering Forson in the event payments weren’t made. However, it decided it didn’t need to follow the terms of the contract.
It seems like not a day goes by without IPI coming under fire for something else. The company’s chairwoman, Cui Li Jie, has already found herself in trouble and was previously held in contempt of court, but now has another black mark beside her name. She has been found in contempt again, this time for allegedly perjuring herself in court. A lawyer representing employees suing IPI and Cui produced evidence proving she had lied under oath, and Chief Judge Ramona V. Manglona has now agreed. She issued her ruling this morning, with Cui only able to respond, through an interpreter, “I don’t know anything, I don’t understand English.”
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Some exchange operators already filed plans to introduce KPI-linked event contracts. Those derivatives would be tied to metrics such as corporate earnings or, in more nuanced cases, Apple iPhone shipments or Tesla deliveries — just two examples — in a given quarter.
While sports event contracts remain the headline-grabbers for prediction market operators, there’s evidence that other categories are experiencing growth. As Bernstein points out, cryptocurrency event contracts account for at least 20% of the turnover on the two largest prediction markets.
In another encouraging non-sports sign, one of those operators notched just $2 million in commodities volume last year, but that figure surpassed $410 million in August alone and is approaching $600 million on a year-to-date basis.
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I’ve made a list of links and given a brief summary so that you can take it, bookmark it and read it at your leisure away from the hype or the disparaging comments, which unfortunately, there are plenty as they’re focused on the price of their coin rather than the solutions for your business.
CoinGeek.com – News and Updates – CoinGeek.com is the sister site of CalvinAyre.com that offers news, interviews and analysis of Bitcoin, cryptocurrency and blockchain through a unique lens.
BitcoinSV.com – General Information about BSV – BitcoinSV.com is a good starting point on your BSV journey. The site shares the basics and some case studies of other businesses who’ve already integrated Bitcoin SV into their businesses.
bitcoinsv.io – Node and Software Updates – If you’re already beyond the basics or if you’re a developer looking to look under the hood, BitcoinSV.io is an excellent resource that explains the technical aspects of BSV. The site also offers a section containing developer resources so you can get started right away building your BSV solutions.
