Kalshi


Policy

CFTC Drops Appeal in Kalshi Election Betting Case

The CFTC appealed a federal judge’s ruling last year clearing Kalshi’s listing of a political prediction market, arguing that it presented a “profound” harm to the public.

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Policy

Kalshi Will Win Battle With Nevada: Crypto Attorney

Kalshi's fight with Nevada is a question of federalism, and the language of the Commodities Exchange Act (CEA) is clearly in its favor says crypto attorney Aaron Brogan.

(Sung Shin/Unsplash)

Policy

Trump's CFTC Head Slams Prediction Markets Resistance Under Predecessor

Caroline Pham, the agency's acting chairman, is scheduling an experts roundtable to reset the CFTC's course on this "sinkhole of legal uncertainty."

Caroline Pham, acting chairman of the Commodity Futures Trading Commission

Policy

Polymarket's Customer Data Sought by CFTC Subpoena of Coinbase, Source Says

The U.S. Commodity Futures Trading Commission is said to be seeking information about customers' interactions with the prediction market site Polymarket.

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam

Videos

The Dark Side of Crypto

HTX, the crypto exchange advised by Justin Sun, recently redeemed over 5100 wrapped bitcoins worth about $500 million, though HTX’s proof-of-reserves don’t include any WBTC at all. Plus, the mudslinging between Polymarket and Kalshi, and Pump.fun disabled its livestream feature amid disturbing shock videos. "CoinDesk Daily" host Christine Lee breaks down the biggest headlines in the crypto industry today.

The Dark Side of Crypto

Policy

Only Congress Can Ban Election Betting, Kalshi Tells Appeals Court in New Filing

Kalshi blasted the regulator’s attempt to create a “Goldilocks” definition of gaming that would include elections as “arbitrary, outcome-driven gerrymandering with no basis in the statute," in its ongoing defense against the CFTC's move to ban its prediction markets.

U.S. Commodity Futures Trading Commission Chairman Rostin Behnam

News Analysis

Polymarket Trader Loses Millions on Tyson After Making Bank on Trump

Plus: the market is not confident if Matt Gaetz will be confirmed as Trump's attorney general.

ARLINGTON, TEXAS - NOVEMBER 15: Jake Paul throws a left on Mike Tyson during a heavyweight bout at AT&T Stadium on November 15, 2024 in Arlington, Texas. (Photo by Christian Petersen/Getty Images)

Markets

If U.S. Election Is Disputed, Prediction Markets Could Face 'Hornet's Nest'

How will Polymarket and Kalshi resolve their presidential contracts if there's another Jan. 6 or Bush v. Gore situation?

FILE - In this Nov. 4, 1948, file photo, President Harry S. Truman at St. Louis' Union Station holds up an election day edition of the Chicago Daily Tribune, which - based on early results - mistakenly announced "Dewey Defeats Truman." (AP Photo/Byron Rollins)

Finance

Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork

Separately, Kalshi has also begun accepting deposits of the USDC stablecoin, Fortune reported.

Stork Labs founder Meredith Pitkoff (Stork Labs)

Policy

Activist Group Says Kalshi’s Election Market Should Be Shut Due to 'Manipulative' Whales

Better Markets is using Polymarket's "French connection" as ammo against the prediction market's regulated competitor.

Los Angeles, CA - March 05: A poll worker moves a ballot box as voters to arrive and cast ballots inside the cavernous lobby of the Metro Headquarters Building on Tuesday, March 5, 2024 in Los Angeles, CA. (Brian van der Brug / Los Angeles Times via Getty Images)

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