Michigan court orders Kalshi to keep blocking sports prediction markets

On Thursday, the Supreme Court dismissed the Securities and Exchange Board of India's (SEBI) petitions against the National Stock Exchange (NSE). This decision came after SEBI agreed to a settlement worth around ₹1,500-crore with the exchange. The co-location and dark fibre cases, which were at the heart of the legal disputes, centered on allegations that certain stockbrokers received preferential access to market data and trade speeds.

The Supreme Court bench comprising Justices JB Pardiwala and K Vinod Chandran acknowledged the proposed settlement and dismissed the cases. In July, NSE had paid SEBI ₹714.74 crore following the regulator's approval to settle the disputes for ₹1,491.21 crore. The recent payment, combined with the ₹776.47 crore already deposited, fulfills the ₹1,491.21-crore settlement amount as per the revised terms.

Initially, NSE submitted two settlement applications to SEBI in June 2025, totaling ₹1,387.39 crore. However, the terms were later revised on March 13, 2026, increasing the settlement amount to ₹1,491.21 crore. The settlement occurs as NSE gears up for its initial public offering (IPO). In June, NSE filed its draft IPO papers with SEBI, offering 14.89 crore equity shares held by existing shareholders, accounting for nearly 6 percent of the exchange's equity capital.

This proposed IPO, with no new issue component, is valued at around ₹30,000 crore, positioning it among the largest public offerings in India's capital markets.