Kalshi Claims Only Congress Can Regulate Election Betting in Court Filing
Kalshi argues that the power to prohibit election betting lies solely with Congress, dismissing CFTC’s interpretation as arbitrary.
Recent in
Kalshi argues that the power to prohibit election betting lies solely with Congress, dismissing CFTC’s interpretation as arbitrary.
A look into the recent losses of a prominent Polymarket trader after a high-stakes boxing match and predictions surrounding political appointments.
This election cycle showcases the accuracy of prediction markets, as they correctly anticipated Donald Trump's strong performance, challenging traditional polling methods.
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.
Examining the claims around predictive market manipulations regarding Trump’s election odds.
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.
Donald Trump leads Kamala Harris on prediction market Polymarket after endorsement from Elon Musk, but struggles in crucial Nevada.
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.
Polymarket is forming an in-house trading team aimed at trading against users while expanding its presence in the U.S. amidst scrutiny regarding similar practices from competitors.
Coinbase is set to acquire The Clearing Company as a strategic move to enhance its prediction markets offerings.
Coinbase has launched lawsuits in Illinois, Michigan, and Connecticut, contesting state regulations on prediction markets as it prepares to partner with Kalshi.
Coinbase aims to establish federal oversight on prediction markets by suing regulators in three states, contending that federal commodities law should apply rather than state gambling statutes.
The CEO of Robinhood envisions significant expansion for crypto prediction markets as their acceptance continues to rise.
Bitnomial's recent CFTC approval permits the launch of prediction markets linked to cryptocurrency and economic events, broadening its services.
The CFTC has issued no-action letters to certain prediction markets, allowing them to bypass specific data reporting and record-keeping rules.
Coinbase is set to reveal new offerings, including prediction markets and tokenized stocks, during a livestream next week.
Phantom launches a feature to enable users to trade tokenized event contracts directly in its wallet, collaborating with Kalshi.

Every week we share the most relevant news in tech, culture, and entertainment. Join our community.
Your privacy is important to us. We promise not to send you spam!