Investigation into Crypto.com and Kalshi's Super Bowl Contracts Raises Gaming Questions
A closer look at the Commodity Futures Trading Commission's scrutiny regarding whether sports-related contracts should be classified as gaming.
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A closer look at the Commodity Futures Trading Commission's scrutiny regarding whether sports-related contracts should be classified as gaming.
The CFTC is investigating Crypto.com and Kalshi for their betting markets related to the Super Bowl, focusing on their compliance with derivatives regulations.
An exploration of how prediction markets are viewed as gambling by regulators in various countries, highlighting the case of Polymarket and the appointment of Donald Trump Jr. as an advisor to Kalshi.
Kalshi argues that the power to prohibit election betting lies solely with Congress, dismissing CFTC’s interpretation as arbitrary.
The article discusses how prediction markets like Polymarket and Kalshi might grapple with unresolved presidential election results.
Kalshi expands its role in the crypto market by supplying price data to Stork Labs, enhancing the capabilities of decentralized prediction markets.
Better Markets challenges Kalshi's trading operations by referencing claims of manipulation on a competing platform.
Kalshi's presidential prediction market has surpassed $30 million in volume within three weeks, while still lagging behind Polymarket's impressive $2 billion since January.
The CFTC argues in appeals court that a federal judge was mistaken to allow Kalshi to operate prediction markets linked to the 2024 election.
A recent report from Kalshi indicates strong support for Donald Trump in the upcoming U.S. elections, highlighting a gap in polling that may be attributed to Kamala Harris's declining popularity.
Two U.S.-regulated prediction markets have launched for the presidential elections with one month remaining until Election Day.
Kalshi has restarted betting on Congress after a court decision, while forecasts for the presidency are in the works from multiple markets.
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